• 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 key economic zone must maintain leading economic engine status

VGP – Prime Minister Nguyen Xuan Phuc urged seven cities and provinces in the Northern key economic zone to continue maintaining its position as one of the two most dynamic and biggest economic engines of Viet Nam.

June 25, 2019 4:13 PM GMT+7

The Northern key economic zones comprises of seven cities and provinces namely, Ha Noi, Hai Phong, Quang Ninh, Bac Ninh, Hung Yen, Hai Duong, and Vinh Phuc.

The region accounts for more than 32% of the country’s GDP but the ratio of service sector/economic structure decreased from nearly 51% in 2016 to 47% in 2018, PM Nguyen Xuan Phuc said.

Agricultural production remains scattered while industrial production has mainly expanded horizontally and focused on natural resources exploitation, the Government chief pointed out.

High-tech industries, auxiliary industries, logistics and high-quality services have not developed incommensurately with the region’s potential.

The links between foreign-invested and domestic businesses remained modest and nearly 65% of foreign investment flowed to highly preferential and labor-intensive sectors, Phuc said.

Ha Noi has been slow in developing satellite urban areas like Son Tay and Xuan Mai meanwhile Hai Phong and Quang Ninh have not been well invested to become national-level tourism destinations as planned.

Prime Minister Nguyen Xuan Phuc addresses the meeting of the Northern key economic zone to seek ways to beef up the development of the region in Hung Yen province, June 25, 2019. Photo: VGP

Regarding the future orientations, PM Phuc said the Ministry of Planning and Investment is mulling over the rearrangement of economic zones in a bid to further facilitate intra and extra-regional connectivity.

The Northern key economic zone needs to take the lead in scientific and technological development, innovation, and realization of the Government’s three strategic breakthroughs, especially  economic restructuring.

The region also needs to clarify its development model based on digital economy and green growth and to promote the values of human resources and culture.

At present, Viet Nam has four key economic hubs, namely the Northern economic zone, the Southern economic zone, the Central economic zone, and the Mekong Delta economic zone, in which the first two are the biggest economic engines./.

By Ngoc Van