Despite a lot of difficulties, Khanh Hoa Province still had a good economic growth rate in the fist half of 2011. This promises that the province will fulfill the year’s target...
Despite a lot of difficulties, Khanh Hoa Province still had a good economic growth rate in the fist half of 2011. This promises that the province will fulfill the year’s target.
. Good growth rate
Except oil import, GDP of the province in the six months hit VND6,041.5 billion, increasing by 11.94%. The Winter – Spring rice crop was bumper with a yield of 113,715 tons. The industrial production value reached VND8,181 billion, increasing by 17.54%. The total goods and service retail sale was nearly VND18,544.5 billion, 28.1% up. The export turnover reached USD442.34 million, 44.6% up. The tourism turnover was VND1,071.6, 28.1% up.
The above figures create premise for Khanh Hoa to develop in coming months. Especially, the growth rate in industry of the province shows that industry is confirming the key position in the province’s economy. With large density and investment during the past years, industry has new factors and products, contributing much into the province’s GDP growth.
Capital construction of the province also showed good results. Many projects have been carried out, including Ninh Thuy Resettlement Area, Vinh Yen Resettlement Area, clearance of Hon Ro 2 Resettlement Area, district and province hospitals, waste water treatment system of Northern Cam Ranh Tourist Area, vocational training schools and road from Dien Khanh to Khanh Vinh. These projects will impulse the development of the province in year-end months and the 2011 – 2015 period.
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| Ship building only contributes much to industrial growth rate but also gets a big export turnover for Khanh Hoa Province. |
. Measures to maintain growth rate need to be implemented effectively
Despite the good growth rate, there are some norms show in improvement such as little increase in the whole society development and investment capital as well as foreign investment (only 4 FDI projects worth USD3 million) and decrease in delivery to the State budget. Meanwhile, Consumer Price Index (CPI) in the first six months of 2011 rose by 11.57% over December 2010 and medium and small sized businesses have faced a lot of difficulties due to high lending interest rates and lack in materials.
Consequently, along with implementing Resolution 11/NQ-CP by the Government effectively, the province has to maintain growth rates of industry, agriculture, trade, service, export and import. Additionally, the province needs to forward progress of State-own projects, attract more foreign investment and manage registered projects.
T.T
