Trang tiếng Việt
Quang Binh: develops its potential and advantages to get a new height - Part 3 PDF Print
Monday, 06 May 2013 10:04

VIETRQuang_Binh_Province_3ADE - 5. Service industry

Service industry has responded to the increasing demand of socio-economic development and has put up residents in the compass. The industry increased by 11.6% yearly in the period of 2006-2010.


- Domestic trade: Total retail communities and social services rise 25.3% annually due to continual domestic trade. Networks of trade service are continually extended; commodities go up in quantity and quality, and are rich in their designs, meeting the demand from production and consumers. Key lines are provided for consumers in time. Market managing work against speculation, smuggling is buttressed.


- Import and export: Export value in 2010 amounted to 109 million USD. Total import-export revenue in the period of 2006- 2010 hit some 340 million USD, higher than 240 million USD compared to that in the period of 2001-2005. The market is gradually extended, and exported products become more diversified. Besides, import also responds to the demand of local production and consumption.


- Tourism: The program of tourist development is continuously prioritized to be an important economic industry and make a breakthrough for the Province. Assets of tourism such as hotels and restaurants were scaled up, whereby the number of visitors increases averagely by 12 – 14% yearly. Foreign tourists rise to 17-18% a year. In 2010, the industry attracted as many as some 846,000 arrivals, of which 22,000 are foreign tourists. Many tourist projects have gone ahead in Phong Nha-Ke Bang, Vung Chua-Dao Yen, Nhat Le-Bao Ninh, and Bang, which makes it successful to develop tourism in the years to come.


- Transportation and other services: Kinds of means of transportation have increased rapidly, and roads and routes have been built and extended. Services of banking, finance, insurance, communicat i o n , law consultancy, informatics, health, and education have set rapid paces, gratifying the increasing need from residents.


6. Finance and currency

Budget collection and expenditure: Thanks to synchronous measures, budget collection climbs averagely to 19.5% yearly. In 2010, total budget collection amounted to 1,343.3 billion VND (1,000 billion VND as planned). Provincial budget is collected from production and trade of enterprises. Typical big enterprises paying the budget comprise Quang Binh-Ha Noi Beer Joint Stock Company, Quang Binh Petrol Company, Song Gianh Cement Plant, Viet Trung Rubber Company, Long Dai Company, and Viettel Branch in Quang Binh.


In 2010, total budget expenditure was some 3,818.4 billion VND – an average increase of 15% annually. The budget expenditure is always under control to make sure that spending and investment meet basic goals of socio-economic development and security.


Credit operation: Credit operation has gained good paces from fund raising and fund supplying for the economy to credit quality and paying services. Financial and credit organizations have stuck to economic goals, programs, and projects to give their loans to their owners, and have given loans to consumers in time. In the period of 2008-2009, the Province deployed solutions of currency and finance with the aim of preventing inflation and economic slowdown and keeping enterprises in the compass stable in their production, whereby the provincial economy has maintained a high growth rate.


7. Investment into infrastructure

By force of funds to be mobilized for investment into infrastructure from all resources10, the provincial infrastructure has gradually been built up synchronously in plain and mountain areas. The Province has railway, roads, waterways, and airways. In urban areas, more extended get infrastructure systems, in which schools, local and general hospitals, and medical stations have been built. Communication and postal services were tooled up to ensure continuous activities. In electricity, 220KV lines have been in production in the basic purpose of fulfilling the demand from production and life. In the future, the electric network will be invested to carry electricity to remote and awkward areas. Big-scaled key projects such as Nhat Le Bridge, Kien Giang Bridge, Han La Port, and Dong Hoi Airport have been put into effect. National Road 12A, Provincial Road 11, Quang Hai Bridge were upgraded, and Rao Ca Lake, and the Thai River were dredged to serve transportation. Furthermore, many projects of bypass in Dong Hoi City, Bao Ninh 60-m Road, Chau Hoa Bridge, Provincial Road 16, road and bridge leading to Van Hoa commune, road to Tien Hoa Cement Zone from Hon La Economic Park, and Thuong My Trung Irrigation are under construction in an attempt to get the economy grown.


In 2010, some 950 km of ditches were built by concrete, thereby providing water for some 90.6% of rice paddy fields. More than 97% households used electricity. 100% communes, wards, and towns had roads for automobiles leading their centers. 159/159 communes were covered with radio and TV wave. And urbanization rate made up 19-20%. (continued)

Newer news items:
Older news items:

© 2011 Vietnam Trade Promotion Agency - VIETRADE
 This site best viewed with Google Chrome