• An Giang
  • Binh Duong
  • Binh Phuoc
  • Binh Thuan
  • Binh Dinh
  • Bac Lieu
  • Bac Giang
  • Bac Kan
  • Bac Ninh
  • Ben Tre
  • Cao Bang
  • Ca Mau
  • Can Tho
  • Dien Bien
  • Da Nang
  • Da Lat
  • Dak Lak
  • Dak Nong
  • Dong Nai
  • Dong Thap
  • Gia Lai
  • Ha Noi
  • Ho Chi Minh
  • Ha Giang
  • Ha Nam
  • Ha Tinh
  • Hoa Binh
  • Hung Yen
  • Hai Duong
  • Hai Phong
  • Hau Giang
  • Khanh Hoa
  • Kien Giang
  • Kon Tum
  • Lai Chau
  • Long An
  • Lao Cai
  • Lam Dong
  • Lang Son
  • Nam Dinh
  • Nghe An
  • Ninh Binh
  • Ninh Thuan
  • Phu Tho
  • Phu Yen
  • Quang Binh
  • Quang Nam
  • Quang Ngai
  • Quang Ninh
  • Quang Tri
  • Soc Trang
  • Son La
  • Thanh Hoa
  • Thai Binh
  • Thai Nguyen
  • Thua Thien Hue
  • Tien Giang
  • Tra Vinh
  • Tuyen Quang
  • Tay Ninh
  • Vinh Long
  • Vinh Phuc
  • Vung Tau
  • Yen Bai

Northern economic region must sustain as major economic locomotive

VGP – Prime Minister Nguyen Xuan Phuc has signed a Directive on solutions to spur growth and sustainable development in the key Northern economic region grouping seven cities and provinces.

October 11, 2019 6:27 PM GMT+7

Under the Directive, the Government chief tasked the region to continue to sustaining its role as one of the two leading economic engines of Viet Nam.

The region must be the pioneer in implementing the country’s breakthroughs and growth model transformation.

To achieve the above goals, the Government chief assigned the Ministry of Planning and Investment to mull over amendments to laws on investment and enterprises to create legal grounds for selective attraction of foreign investment, giving priorities to high-tech and environmentally friendly projects.

The Ministry is also responsible for designing regional coordination mechanism to lay foundation for sustainable development of the whole region.

Meanwhile, the Ministry of Transport was assigned to develop a planning scheme for Lao Cai-Ha Noi-Hai Phong railway project and report to the Prime Minister in December this year.

It is also tasked to coordinate with municipal and provincial People’s Committees to encourage public-private partnership investment and mobilize other financial resources for infrastructure development in the region.

The region, comprising of Ha Noi, Hai Phong, Quang Ninh, Hai Duong, Hung Yen, Vinh Phuc, and Bac Ninh, account for 35.53% of national GRDP, 32% of national GDP, and 31% of Viet Nam’s total export values./.

By Ngoc Van