Key economic regions are major national growth poles, says PM
17:51 | 26/05/2020

VGP – Prime Minister Nguyen Xuan Phuc has said key economic regions are the important growth poles of the country, urging for the building and completion of regional and provincial planning within national master planning.

PM Nguyen Xuan Phuc speaks at the event - Photo: VGP

Speaking at a meeting of permanent cabinet members on the development of key economic regions on May 26, PM Phuc asked leaders of localities in each region to uphold a sense of responsibility in developing the economy of their respective region, and wholeheartedly devote to the development of the entire region, the country and each locality.

He requested the Ministry of Planning and Investment (MPI) to work with ministries, sectors and localities to urgently implement economic development tasks, in the spirit of cities and provinces in key economic regions taking the lead in post-pandemic economic recovery, especially in attracting and welcoming a wave of investment shifted by large corporations and transnational companies on technology.

The Government leader urged particular attention to be paid to the infrastructure of the Mekong Delta region, especially some planned expressways, asking each region and each locality to complete the disbursement of public investment in 2020 and achieve the socio-economic goals and growth and budget revenue targets. 

PM Phuc stressed the need to issue preferential policies to support investors and businesses regarding credit, electricity, water, transport infrastructure, logistics services, especially human resources, to serve the demand of large-scale and high-tech projects.

Photo: VGP

As for key economic regions, it is necessary to adopt specific and superior support policies of high competitiveness, he said, emphasizing an immediate task of maximizing the role of the regional council and bringing into full play the potential and advantages of localities in each region.

According to a MPI report, in the period of 2011-2019, the gross regional domestic product (GRDP) of the four key economic regions expanded by an annual average of 7.25%.

Meanwhile, the GRDP scale of the entire 24 localities of the four regions was equivalent to over 70% of the country’s GDP.

Key economic regions are the largest hubs for sea and air transportation in the country, accommodating six out of eight national seaports and representing up to 93% of seaports’ loading capacity and 100% of capacity of international airports, with a capability of serving about 25 million arrivals of passengers per year./.

By Vien Nhu

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