FOREIGN ECONOMIC RELATIONS Updated at 16:25:32 09/18/2020  (Views:  68 )
Binh Thuan puts all-out determin

Binh Thuan puts all-out determination for "dual" goals

BTO - It is likely that Binh Thuan will not be able to achieve the 2020’s growth target because according to the prediction that by the end of 2020, Binh Thuan's GRDP for the whole year is estimated to increase by 4.5%, lower than the planned growth rate from the beginning of the year of 3 percent (target is 7.5%). However, to achieve the predicted results which are really difficult while the COVID-19 epidemic has not shown any signs of ending. Therefore, the whole political system needs to accelerate the implementation of the tasks and solutions mentioned in the plans and action programs on the socio-economic development plan in 2020. By then, it is unable to reach the forecasted growth rate and touch the success of our "dual" goals of fighting against epidemics and ensuring economic development. 

Overcoming Challenges

The Covid-19 pandemic has seriously affected the province’s socio-economic sectors in 2020, especially the economic sector. Local businesses’ operation and production activities have been delayed. Enterprises and household businesses cut down their labor, give employees unpaid leave, or dissolve or suspend their business, causing an increase in job loss and unemployment benefits. In that context, Binh Thuan's Party Committees at all levels have made every effort to roll out multiple solutions to improving business investment environment, developing businesses to remove difficulties in production and business activities. Many key projects and works in the province continue to be deployed to create motivation to attract investment, socio-economic development of the province. Thereby, many encouraging results have been achieved as follows: Economic structure economics shifts in a positive direction, social and cultural fields have achieved many achievements, and political and social stability, national defense, and security have been maintained, contributing to stabilizing and increasing resources for common development. 

Such the above-mentioned results can be reached thanks to the wise and effective management and administration of the committees and authorities from the province to the grassroots. Notably, the outstanding efforts, dynamic, and creation of the entire people, the entire army, the business community, and the whole political system of the province have made the present success.

In addition to the achieved fruits, we must frankly admit that the growth quality, competitiveness, and scale of the economy are a little bit fragile. Our productivity and quality of products and goods are not high. The socio-economic infrastructure is lacking and synchronous. The development of investment resources is still limited. The work of planning and mobilizing and using resources is not so effective, while investment is still spreading without any focuses. Moreover, State management of enterprises in some aspects is still limited, the owner’s functions of state-owned enterprises are still inadequate; Economic growth still relies heavily on broad development factors, slowly shifting to in-depth development. Moreover, the increase in the impact of climate change and natural disasters is increasingly complicated, unpredictable. Up to date, the developments of the Covid-19 epidemic keeps complicated, affecting greatly the socio-economic development of the province in the coming time.

Highest determination for "dual"goals

The prediction has shown that by the end of 2020, Binh Thuan's GRDP for the whole year is estimated to increase 4.5%, lower than the growth rate set at the beginning of the year of 3% (the set target is 7.5%). Thus, it is likely that Binh Thuan will not be able to reach the growth target in 2020. However, to achieve the predicted results which are really difficult while the COVID-19 epidemic has not shown any signs of ending. Therefore, the whole political system needs to accelerate the implementation of the tasks and solutions mentioned in the plans and action programs on the socio-economic development plan in 2020, focusing on removing difficulties and problems, urging investors to build infrastructure, and attract secondary projects to industrial zones and clusters in the province. 

At the same time, Binh Thuan needs to review, amend, supplement and build new policies suitable to the province's conditions to attract investment, welcome the wave of investment shifting into industrial zones and clusters after the COVID-19 pandemic. It should issue favored-policies for farmers, enterprises and cooperatives to arrange production and crops, ensuring food security and jobs placement for workers. Together with tourism promotion activities, Binh Thuan has deployed many forms and channels in order to develop a new tourist market to stimulate domestic tourism after the COVID-19 epidemic. In the meantime, they encourage and improve service quality to meet tourist requirements of potential markets, create momentum for markets to increase the number of international visitors to the province, especially tourists from epidemic-unaffected regions.

To take measures to stabilize the market and prices, remove promptly difficulties and problems in goods import and export activities, especially the export of dragon fruit, the locality needs to connect and promote the consumption of products and goods of the province with domestic and foreign businesses. It keens on solving problems, especially the work of compensation, site clearance, speed up the implementation, speeding up the construction of key and important works such as the expressway through Binh Thuan province, Phan Thiet airport, DT.719 road, DT.719B road, Song Luy Lake, Ka Pet Lake.

Binh Thuan needs to well perform the task of state budget collection, social issues effectively, formulate, and conduct plans to cope with complicated situations. It also put high concentration on proactively fighting against crime suppression, especially criminal crimes, drugs, robbery, insurance, heavy interest loans. The province’s security and a stable environment for investors and enterprises are enhanced to consolidate investors’ psychology when joining production and business, ensuring a peaceful life for the people. Finally, it needs to implement the above solutions well, achieving the forecasted growth, at the same time the "dual" goal is to fight epidemics and ensure new economic development chances. 

Translated by Uyen Linh (Source: Binh Thuan Online)

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