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Economic Development of Dak Nong Province – Part 2 Print
Tuesday, 22 May 2012 17:16

2012_May_22_-_Pic_1VIETRADE - Urban planning and administration: The Gia Nghia Town upgrading plan is in effect, and the master plan of expanding Gia Nghia Town to 2030 and vision to 2050 are under review and adjustment. The detailed planning of the provincial administrative center, Gia Nghia Town administrative office, central lake of Gia Nghia Town, eastern zone and southeast Zone, Gia Nghia hotel network with 21 points…are under implementation. Fourteen sections of the detailed Gia Nghia town building planning have been approved. The scope is a total area of 1,513 ha, and another 18 sections with a total area of 470ha are under examination. The project of building the urban system and rural resident area planning was approved and being prepared to carry out to meet the demand of urban management and development in the coming time.


Commerce and service

The annual average added value of the service industry increased 18% (the goal was 17%). This is the economic sector of growth achieving and exceeding the goal. The specific situation of some service areas follow:


The commercial area operated eventfully, and the circulated volume of goods constantly increased with high speed. The commodities of goods were more and more diversified and plentiful, thereby meeting the demand of production and consumers. Total annual average retail value increased by 35%, much exceeding that of the former 5-year plan (15%). The whole province has over 12,875 businesses, an increase of 99% over that of 2005; there are 38 markets and 3 general agents with 106 retailers distributed widely, even to some third-class communes.


Total average export revenue increased by 25% yearly, exceeding the goal (20% yearly). Total average imports increased by 26% yearly, meeting the goal (25% yearly).  The tourism industry developed rather fast with 2010 revenue of VND 13 billion, increasing 5 times that of 2005. However, this result was considered inadequate considering the province’s potential and strength.


Goods and passenger transporting services continued to develop, meeting basic needs of the locals and companies. Transporting of material and associated facilities and service quality considerably improved. During 2006–2010, there were 13 enterprises registered in the field of transportation, bringing the total number of transportation enterprises to 18; these were in the form of 11 transportation cooperatives and 7 companies.


The postal and telecom services developed rapidly; the telecom network was modernized. All communes and towns are now using telephones; the rate of using telephones and post-paid mobile phones is now 19 sets/100 inhabitants; the total number of internet subscribers is 8,000.


Finance and monetary


Budgetary receipt and expense: the total budgetary receipts in five years was over VND 2,337 billion with annual average growth of 32%, far exceeding the goal (over 22%), meeting 25% of total budgetary expenses of the province. The rate of mobilizing GDP into budget reached 8%. (The average national rate was by 20.5%.) Total budgetary expense in five years reached over VND 9,269 billion, increasing on an average of 25% yearly.


There was much progress in banking. The mobilized capital source was more and more increased with annual average growth of 36%. Credit debt surplus increased by 47.5% yearly on average. The quality of credits was ensured, and the rate of bad debt was maintained below 3% yearly. All the banks focused efficiently on preferential loans for major projects, hydropower projects, agricultural and rural development projects and hunger and poverty-reducing projects. Government deficit spending packages were well carried out, helping to resist economic decline and maintain economic growth.


Investing in developing and building socioeconomic infrastructure

Total investment capital for development mobilized into the economy in the period of 2006–2010 was VND 18,179 billion; in spite of being lower than stipulated norm of VND 22,000 billion, its annual average growth was still rather high at 35%).


- Transportation: the approved transportation projects were implemented to restore, upgrade and widen the section of national highway 14 crossing Gia Nghia, Dak Mil and Dak R’Lap Town; widen the section of national highway 28 crossing Gia Nghia and Quang Khe Town; build the section of national highway 28 to avoid floods from Dong Nai 3 and 4 Hydropower Projects; repair national highway 14C; and increase the asphalted rate of national highway to 76%.

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