In its Asia Development Outlook report, the Asian Development Bank (ADB) raised the growth rate forecast of Việt Nam to 6.4 per cent in 2024 and 6.6 per cent in 2025.
Removing bottlenecks in transport infrastructure, developing inland waterway ports and fostering regional connectivity hold the key to developing the logistics sector and facilitate foreign trade in the southern key economic region, experts have said.
Under the national master plan for the 2021-30 period for the Northern Key Economic Region, which includes seven provinces, Quang Ninh is a core growth engine in the economic triangle of Ha Noi – Hai Phong – Quang Ninh.
Foreign enterprises chose the southern key economic region as an investment destination, due to to its young and abundant labour force with lower wages other countries, and large consumer market
Prime Minister Nguyễn Xuân Phúc on Sunday attended the inaugural ceremony of the Phước Đông Industrial Park and Port in the Mekong Delta province of Long An.
Localities in the southern key economic region need to set up an “investment fund” to develop transport infrastructure to enhance connectivity in the region to ensure sustainable growth, experts have said.
Key economic regions were urged to maximise their potential and competitive advantages as well as promote innovations to drive regional and national growth.
Ha Noi should focus on improving its infrastructure system while hastening administrative reforms to attract investors eyeing Viet Nam amid the global production shift, experts have said.
Localities in the Southern Key Economic Region need to enhance co-operation to develop safe agricultural areas and ensure consumption of safe food and farm produce.
Government officials, business groups and executives and experts gathered at a conference in Dong Nai Province’s Bien Hoa City on Monday to discuss measures to enable the southern key economic region to remain spearhead of the country’s economic development.
The Southern Key Economic Zone needs special policies to attract foreign direct investment (FDI) and improve linkages between localities to ensure sustainable development, experts have said.
The southern province of Ba Ria-Vung Tau shared information about its investment opportunities and attraction policies at the Republic of Korea (RoK) Trade-Investment Promotion Agency in Seoul on October 18.
Members of the Central Key Economic Region are seeking an institutional framework from the government to enhance collective co-operation within the region, as they have so far been unable to reach a common ground.