Concretize the goal of building Vinh city into the center of the North Central region

The economy is developing in the right direction.

To specify Resolution 26, the Government issued Decision No. 52 in 2015 approving adjustments.Vinh city master planby 2030, vision 2050, and at the same time issued a number of Decisions approving the Project to develop Vinh city into an economic and cultural center of the North Central region. This is the premise for Vinh city to implement many important plans, programs and projects. After nearly 10 years of implementing Resolution 26, many outstanding and important achievements have been achieved by the city.

A corner of Vinh city at night. Photo: Hai Vuong

With an area of ​​over 100km²With a population of about 500,000 people, contributing more than 30% of the budget annually, Vinh city has become the locomotive, the economic, political and social center of the province. The city's production value in 2021 reached 55,511 billion VND, much higher than in 2013 at 26,979 billion VND; total budget revenue reached 5,579 billion VND; labor productivity reached 202 million VND/person/year, more than double that of 2013 at 99 million VND/person/year...

In addition to focusing on developing key economic sectors with advantages, the economic restructuring in the city is being carried out in the right direction. Currently, the proportion of agriculture, forestry and fishery is gradually decreasing, in 2021 the production value reached 433 billion VND. The growth rate in this sector in the period 2014-2020 was -1%, in 2021 it increased by 1%.

Chart of land use fee collection rate in Vinh city in 2021. Photo: Lam Tung

Currently, the proportion of industry accounts for 29.4% of the total production value of economic sectors in the city in the period 2013-2021.

Of the four industry groups, the processing and manufacturing industry group accounts for the highest proportion, contributing 16,423 billion VND to the city's economy in 2021 alone. Currently, the city's industrial production capacity has been improved in terms of production scale as well as competitive advantages such as: garment, food production and processing, beverage production, wood processing, electronic components...

In addition to industry, the service sector in the city has developed quite rapidly and diversified, especially in the fields of trade, tourism, finance, banking, telecommunications, and transportation. In 2021, the value of commercial service production reached 24,174 billion VND with more than 6,430 enterprises operating in this field. In particular, the trend of small and medium enterprises developing rapidly, the commercial service and construction sectors account for a high proportion, and the manufacturing sector accounts for a low proportion.

Vinh City is determined to develop in the direction of a smart urban area, both modern but still preserving the unique cultural features of Nghe An. Photo: Thanh Cuong

Up to now, the city has 38 credit institutions and credit institution branches operating effectively, safely and firmly. The quality of products and services is increasingly diverse and abundant, gradually providing effective support for production and business activities.

By the end of 2021, the total mobilized capital in the area reached 175,467 billion VND; the total outstanding debt of credit institutions in the area reached 242,614 billion VND, ranking first in the North Central region in terms of mobilization and outstanding debt, ranking 6th in the country in terms of capital mobilization and 4th in terms of outstanding loans.

According to comrade Phan Duc Dong - Member of the Provincial Party Standing Committee, Secretary of Vinh City Party Committee, the city always identifies the development of science and technology as a breakthrough to develop modern agriculture and shift the rural economic structure. Promote the application of technology, invest in innovation of machinery and equipment, technology along with environmental protection. This has helped the industrial production capacity in the area increase significantly, the scale of industrial production facilities has been expanded, especially the industries of agricultural and food processing, beverage production, and construction materials.

Vinh ancient citadel moat was renovated with ODA loan capital. Photo: Nhat Lan

Improve the quality of infrastructure facilities

In addition to economic restructuring, since 2013, the city has also paid attention to infrastructure construction. Nearly 500km of rural roads of all kinds have been upgraded. In particular, in recent years, the city has focused on investing in key projects on drainage, flood prevention and wastewater treatment in the area. The city has completed components of the World Bank project and important drainage projects such as the North Canal, the regulating lake at the end of the North Canal, Vinh ancient citadel moat, Hung Hoa wastewater treatment plant, etc. Completed key local flood prevention projects in the city; built large-aperture drainage systems along main roads.

Many important infrastructure renovation projects are being carried out in Vinh city. Photo: Tien Dong

Not to mention that many main roads in the city such as Tran Phu, Phan Dinh Phung, Phan Boi Chau, Pham Dinh Toai, Vinh - Cua Lo Boulevard... have been upgraded and newly built, creating a driving force for economic development and contributing to the economic restructuring of the city towards industrialization and modernization. A relatively developed banking service system, trade service centers, and tourism infrastructure have been formed, meeting the needs of people and businesses. From there, many enterprises and economic groups with potential, brands, and reputation have invested in projects in the area such as: Vingroup Corporation, T&T Group, Eurowindow Holding Joint Stock Company, Ecopark Group...

During the 2010-2020 period, the city also successfully mobilized and implemented the Medium-sized Urban Development Project in Vietnam.Vinh Urban Development Sub-Projectwith a total investment of more than 168 million USD, from ODA capital of the World Bank. Currently, the city is actively coordinating to complete investment procedures for the priority infrastructure project and urban development adapting to climate change in Vinh city, using ODA capital from the World Bank sponsor with a total investment of 194.5 million USD. This project has 4 components, focusing on investment in drainage, environmental sanitation, flood prevention, upgrading and renovating Vinh river, improving the operation of wastewater treatment plants...

Walking street, one of the highlights of Vinh city's night-time economic development. Photo: Thanh Phuc

Also according to Secretary of the City Party Committee Phan Duc Dong, in the coming time, Vinh city will continue to prioritize capital to complete infrastructure, build the city greener, cleaner and more beautiful. At the same time, strengthen regional connectivity, connect Vinh city with localities in the region and the whole country, promote trade of goods. Organize regular meetings and dialogues with businesses and entrepreneurs to study solutions, remove difficulties and obstacles related to economic and social development. The city also determined to focus on developing high-tech industry towards improving quality and competitiveness...

It can be seen that, after 9 years of implementing Resolution No. 26 of the Politburo, Vinh city has had quite comprehensive development. However, compared with the goal of "developing Vinh to become the economic and cultural center of the North Central region" in the spirit of Resolution 26, there is still a long way to go, the influence and influence of Vinh city on the provinces and cities in the region is still limited.

Perspective of planning along Vinh - Cua Lo Boulevard, one of the future development poles of Vinh city. Photo: Document

Therefore, in order for Vinh to become a leader in the economic, cultural and social fields, it is necessary to promote the comparative advantages of Vinh city in terms of history, geography, infrastructure, human resources, and foreign economic relations as a foundation for development. Promote administrative reform, promote the application of information technology in management and operation, and create breakthroughs in building a civilized city. Only then can the goal of building Vinh city into a modern, civilized, internationally integrated urban area associated with preserving and promoting the cultural identity of Nghe An become a reality.