The plan for socio-economic development and public investment in the period 2021 - 2025
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The plan for socio-economic development and public investment in the period 2021 - 2025 (30/08/2020)
On August 27th, the Minitry of Ministry of Planning and Investment held an online conference with the central provinces and the Central Highlands on the plan for socio-economic development and public investment in the period 2021 - 2025. In Quang Nam, Chairman Le Tri Thanh and leaders of some departments attended.
 
 
Reported at the conference, in the period of  2016-2020, the economic growth rate of the central provinces and the Central Highlands reached 9%/year. GDP/person is about 53 million VND, equal to about 76% of the national average level. In which, the average GDP of the central key economic region is about 80 million dong, about 1.1 - 1.2 times of the national average. 
 
The shares of Industry-service-agriculture are 41.9% -39.9% -18.2% respectively.  Export turnover reached over 20% / year. In the 2016-2020 period, the whole region has attracted more than 900 FDI projects with a total mobilized capital of more than 16 billion USD. The total implemented investment capital for development is nearly 2,366 billion dong.  The rate of poor households decreases on average 2-3% / year. Over 95% of the rural population and 100% of the urban population have access to hygienic water.
 
At the conference, the reprenstative of the Minitry also pointed out some difficulties and problems such as:
- The growth momentum is still weak; 
- The marine economy has not developed commensurate with its potential; 
- Export has increased but the proportion is still low in the total export turnover of the country
- Budget revenue is not sustainable; 
- The quality of human resources remains low; 
- The poverty rate is still high compared to other regions of the country...
 
Speaking at the conference, the representative of Quang Nam Department of Planning and Investment said: Quang Nam province has suffered many negative impacts due to the impact of the Covid - 19 epidemic, especially automobile manufacturing and assembling industry; tourism-service, leading to a decline in growth. Considering the actual local conditions, in the period 2021-2025, Quang Nam has set a GDP growth target of 6.5%.
 
On this occasion, Quang Nam province also proposed a number of contents such as: The Ministry of Planning and Investment will soon have specific guidance in the implementation of laws related to public investment, bidding; in which it is divided into many groups according to each field, so that the locality can base on choosing suitable investors; 
 
At this conference, the Ministry of Planning and Investment also implemented Directive No. 31 / CT-TTg of the Prime Minister on the formulation of socio-economic development plans and state budget estimates (state budget) in 2021; Directive No. 18 / CT-TTg of the Prime Minister on the formulation of the 5-year socio-economic development plan 2021 - 2025; Directive No. 20 / CT-TTg of the Prime Minister on medium-term public investment planning for the period of 2021 - 2025. At the same time, giving an overview report on the tasks and orientations for socio-economic development of the country in the year 2021 and the period 2021 - 2025.
 
Speaking at the conference, Minister of Planning and Investment Nguyen Chi Dung suggested localities in the process of completing the socio-economic development plans for 2021 and the period 2021 - 2025, medium-term public investment plan. They need to be consistent, closely follow the economic development orientation set by the local Party Congress in the period 2020 - 2025.
 
For the medium-term public investment plan for the period 2021 - 2025, localities need to clearly define the list of projects according to the order of priority.  Besides, it is necessary to pay special attention to project preparation, land clearance...
 

Translator: Nhat Ha

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