Thua Thien-Hue achieves GDP growth of 7.44% in first half


Thua Thien – Hue, July 14 (VNA) – The central province of Thua Thien-Hue recorded a gross domestic product (GDP) growth rate of 7.44 percent in the first half of 2017, much higher than the figure of 5.8 percent in the same period last year. 

Statistics revealed at the fourth meeting of the provincial People’s Council on July 13-14 showed that the total social investment in Thu Thien-Hue reached 8,538 billion VND (376 million USD), while the state budget collection hit 3,308 billion VND (145.55 million USD), accounting for 48.3 percent of the yearly target. 

In 2017, the province has focused on investing in infrastructure to serve production and economic development while protecting the environment, ensuring social welfare and addressing consequences caused by the marine environment incident. 

Thanks to the province’s efforts to improve its investment and business environment and provide incentives for investors, 324 enterprises were set up in the period, with a combined registered capital of 3,772 billion VND (166 million USD), up 17.8 percent in volume and 3.65-times higher in value. 

The locality also lured 21 domestic projects with total investment of over 2.2 trillion VND (96.8 million USD), and two foreign investment projects worth 64,850 USD. 

The industrial production index rose 13.45 percent from a year yearlier, mainly buoyed by an increase of 2.24 times in electricity production and other key goods, including cement, garment-textiles and material construction. 

In the reviewed period, Thua Thien-Hue welcomed 1.75 million arrivals, including 414,500 international visitors, up 1.9 percent and 6.76 percent year on year, respectively. The tourism sector earned 1,735 billion VND (76.34 million USD), up 8.3 percent from 2016. 

In the remaining months of this year, incentives will also be offered to craft villages, cooperatives while revising legal framework to maintain domestic flights, accelerating the launch of more domestic and international flights, and developing other facilities. 

The province will provide support for investors in building infrastructure at local industrial parks, building a garment-textile supporting industrial park in Phong Dien district while focusing on agricultural development and new-style rural area building. 

In 2017, the province set a GPD growth target of between 8-8.5 percent, mobilise total investment of 19 trillion VND (836 million USD), and collect 6,856 billion VND (301.66 million USD) for the state budget.



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