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PM chairs central region economic development conference

Released at: 14:07, 20/08/2019

PM chairs central region economic development conference

Photo: VGP

Conference discussing regional development held on August 20 in Binh Dinh province.

by Minh Do

A central region economic development conference is being held on August 20 in south-central Binh Dinh province to propose measures for sustainable development in the region, including the central key economic region.

The conference is being chaired by Prime Minister Nguyen Xuan Phuc and attended by local and foreign investors, corporations, economists, researchers, and 700 delegates. The Prime Minister expects the conference to touch on solutions, ideas, and proposals for 2020 and the five-year plan.

The economic scale of the central region stands at VND1,000 trillion ($43.1 billion), accounting for 20 per cent of total GDP. This needs to be boosted as the region has a huge potential, Prime Minister Phuc said.

The conference will discuss mechanisms and policies to resolve bottlenecks and create conditions for cities and provinces to develop, especially in terms of resource mobilization to develop infrastructure and marine tourism and other sectors.

Key economic sectors are tourism and marine services, with measures expected to develop deep-water sea ports for international transshipments and specialized seaports in association with industrial complexes, oil and gas exploitation and processing, aquaculture, exploitation and processing of seafood, logistics, and fisheries infrastructure, coastal industry, and renewable energy.

Tourism in the central region will be a driving force of non-smoke industrial growth in the region, according to the Ministry of Planning and Investment. In 2018, the region welcomed 54 million tourists, including 11.9 million international arrivals, and revenue was VND121.7 trillion ($5.2 billion).

According to Mr. Ho Quoc Dung, Chairman of the Binh Dinh Provincial People’s Committee, the province has proposed certain investment-related issues to the government.

It also proposed the government supplement planning for Phu Cat Airport to make it an international airport to meet demand of passenger transport, creating conditions to attract domestic and international tourists to Binh Dinh in particular and Vietnam in general.

In the context of competition, tourism development is increasingly fierce and by climate change, so it is not easy to develop the sector, especially high-end tourism, to match tourism resources in Binh Dinh and other cities and provinces in the central region.

To maximize potential and enhance the competitiveness of tourism, it is necessary to have a long-term strategic vision with support from the government, ministries, and branches, and the determination of localities. Resources must be sought from major investors for quality international tourism products.

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