Dong Nai’s economy expected to grow 8-9 percent in 2018

16:07 | 08/01/2018 Society

The economy of the southern province of Dong Nai is expected to continue growing by 8-9 percent next year, according to chairman of the provincial People’s Committee Dinh Quoc Thai.

An industrial park in Dong Nai province

The province’s exports are projected to increase by 9-11 pct while tax revenues will top VND53 trillion (US$2.33 billion).

Chairman Thai said that the province will implement a string of measures with a focus on developing infrastructure and improving the business climate in order to fulfil the aforementioned targets.

Last year, while many provinces and centrally-governed cities failed to meet their revenue targets, Dong Nai remained one of the best performers earning VND48.7 trillion (US$2.14 billion) in tax revenues.

Dong Nai remained one of the top contributors to national economic growth.

Nguyen Quoc Hung, deputy chairman of Dong Nai, said that for many years the provincial authorities have considered supporting the business community as a top priority, through holding regular dialogues with enterprises in order to address any difficulties they may encounter.

The province also offered preferential policies to call for more investment.

In 2017, the economy of Dong Nai expanded by 8 pct, with the industrial production index up 8.6 pct.

The province’s export revenues reached nearly US$17 billion and recorded a trade surplus of US$2.2 billion.

In 2017, Dong Nai was one of the leaders in attracting investment with US$1.83 billion.

The province’s annual income per capita was estimated at VND91 million (US$4,000), higher than the national average of VND53 million (US$2,300).

Theo NDO