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North western region to speed up industrial development (05/05)

06/08/2010 - 106 Lượt xem

The north western region must pool its efforts to develop industry, thus creating impetus for economic structural shifting, narrowing the development gap within the region and with other regions, improving the lives of the local people.

So said Mr Truong Tan Sang, Politburo member, Secretary of the Party’s Central Committee, head of the Party’s Economic Commission and head of the North Western Steering Board at a conference held on May 3 in Hanoi to discuss the project “Industrial Development in the North Western region by 2010.”

Mr Sang emphasised that the north western region should bring into full play its potentials to speed up the development of hydro electric power plants, minerals exploitation and processing industry, agricultural and forestry product processing industry, handicrafts and tourism.

Key measures to achieve the target include adjusting industrial development planning, creating all favourable conditions to attract investment in industry from all economic sectors, promoting human resource development and improving infrastructure facilities.

In addition, special preferential policies such as reduction of corporate income tax and land tax should be issued. Furthermore, small and medium-sized enterprises will be given support in trade promotion activities and market expansion.

As of 2004, the whole region only had over 4,700 industrial establishments, 90% of these were small or very small-sized ones. Average annual growth of industrial value in the 2001-2004 period reached 16.63%. However, total industrial value was very modest. It was VND 3.9 trillion in 2004, accounting for only 1% of the total national industrial value (while the region’s population account for 8% of the country’s population and land area occupies one fourths of the country’s area). The number of industrial workers accounts for 2.1% of the region’s total labourers.

The region has a large potentials for developing hydro electricity power plants. However, it has contributed only 9.5% to the region’s total industrial value. Minerals exploitation and processing industry is not effective and lacks planning. Agricultural and forestry product processing industry is small with low competitiveness.

Source: VNAgency