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Central province publicizes development master plan

VGP – Ha Tinh became the second central province after Ninh Thuan to hire foreign consultants (the US-based Monitor Group) to work out its master plan for socio-economic development through 2050.

April 28, 2013 7:43 AM GMT+7

Dung Quat oil refinery plant in Ha Tinh

The master plan, which was released at a conference on April 27, is expected to turn Ha Tinh into one of the localities with highest personal income level.

The plan was designed on the basis of local competitive sectors, namely steel manufacturing; agriculture, forestry and fishery industries; trade, transport and logistics; textiles and garments; construction; education and training; information and communication, according to Chairman of the People’s Committee Vo Kim Cu.

Accordingly, by 2020, the province targets to achieve an annual economic growth rate of 18.4%; industrial, service and agricultural sectors will account for 54.7%, 32.2% and 13.1% of the province’s economy respectively; and the number of poor households will fall by 3-4% per annum.

On the occasion, Ha Tinh presented certificates of investment to six businesses, including four foreign investors from Japan, the Republic of Korea, Hong Kong and Taiwan (China). The investors pledge to pour more than 55.4 trillion VND (2.6 billion USD) in the province.

Since 2011, the central province has licensed 301 new projects with total registered capital of more than US$16.5 billion. Among them there are 48 foreign projects with total registered capital of US$10.4 billion, including those run by such giants as Formosa, Samsung, Mitsubishi./.

By Huong Giang