Improving the quality of investment attraction in Nghe An in economic integration

((Baonghean.vn) - SThis morning, November 15, the People's Committee of Nghe An province met to discuss the draft.Project "International economic integration of Nghe An province to 2025".

Comrade Le Xuan Dai - Member of the Provincial Party Committee, Permanent Vice Chairman of the Provincial People's Committee chaired the meeting.

Meeting scene. Photo: Phu Huong

In the period 2007-2017, the implementation of policies and guidelines on international economic integration has significantly contributed to the overall achievements in socio-economic development of Nghe An province.

Economic growth rate in 2007 reached 7% and increased to 7.5% in 2016, higher than the national average. GRDP per capita increased from 6.81 million VND (2007) to 31.65 million VND (2016).

The economic structure has shifted positively towards increasing the proportion of industry - construction and services, reducing agriculture, forestry and fishery.

Representatives of the Department of Industry and Trade presented some main contents in the draft Project. Photo: Phu Huong

As of December 31, 2016, the province had 917 valid investment projects; the provincial competitiveness index increased by 25 places after 10 years, in 2016 Nghe An ranked 25/63 provinces and cities. Total social investment capital in 2016 increased 3.87 times compared to 2007, the poverty rate in 2016 decreased to 9.55%.

Nghe An is highly appreciated and is in the top 10 localities in terms of results of the local international economic integration capacity index.

The project is built to aim at the goal of actively and proactively integrating into the international economy, raising awareness and promoting integration activities to maximize internal resources, taking advantage of foreign imports in the integration process to comprehensively develop Nghe An, effectively implementing international economic commitments; improving the province's PCI and PAPI indexes, promoting the restructuring process and renewing the growth model towards improving the quality, efficiency and competitiveness of the province. Striving to turn Nghe An into an industrial province by 2020.

FLC Group conducts a field survey in Nghi Loc district, Nghe An. Photo: Thu Huyen

Meanwhile, the trend of globalization and international economic integration is taking place strongly with the emergence of new generation FTAs ​​of the century, which will open up large markets and at the same time create fierce competition.

In the general assessment at the meeting, Vice Chairman of the Provincial People's Committee Le Xuan Dai pointed out the limitations in the integration issue such as low efficiency in using investment capital, lack of infrastructure and transportation system and lack of modernity which are major barriers in economic exchange, connection and integration... Especially the quality of labor resources is extremely limited.

The Vice Chairman of the Provincial People's Committee requested the Department of Industry and Trade - the unit in charge of developing the project, to receive comments from relevant departments and agencies to complete the project; in which attention should be paid to a number of issues such as: how to implement propaganda solutions, complete the document system and improve law enforcement capacity; promote administrative reform, improve competitiveness, overcome existing problems and limitations. In particular, improve the quality of investment attraction, avoid taking advantage of investment to affect the political security situation in the area.

Phu Huong