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Bac Ninh’s socio-economic development orientation up to 2020 PDF Print
Friday, 24 January 2014 10:57

Bacninh1 VIETRADE - After 10 years of setting up, Bac Ninh snatched at opportunities and rose above challenges and difficulties to make its economy bear fruit. Average annual GDP growth rate was 13.9% during the period of 2001-2005 and 16% during the period of 2006-2008. GDP per capita gained USD 680 in 2005, USD 1,166 in 2008, the first year it is higher than the average GDP of the nation.

 

Economic structure has shifted rapidly toward active one in each locality and sector. Service-industry density increased from 62% to 84.7% in 2008, lifting Bac Giang’s industrial scale up to 10th position in 2008 from 35th one in 1997.

 

Economic sectors and fields have developed rather sustainably. Electronics, mechanisms, processing industry, high technology have been invested in IPs . Provincial competitive ability indicator is getting higher and higher, i.e., ranked 22nd in 2007, 16th in 2008, becoming one of 3 provinces with the highest indicator in northern region.

 

SOCIO-ECONOMIC DEVELOPMENT PLAN IN THE 2006-2010 PERIOD

 

Bac Ninh goes out to gain a sustainable, effective and high economic growth rate based on service and industry breakthrough, and simultaneously sets strong changes on quality and competition of the economy. It puts up quality of laborers, science, and technology for its deep integration in international economy.

 

Concrete targets:

- GDP growth rate (constant price at 1994) averaging 15- 15% per annum, in which agriculture is up 4-5%, industry-construction 19-20%, and services 17-18% - GDP structure to 2010 (current price): agriculture: 14%, industry-construction 55%, and services 31% - GDP per capita (current price) 2010: USD 1,300 - Total export turnover reaching USD 800-900 million by 2010, an average annual increase of 54.8-58.5%

 

- Collecting budget income of VND 3,200 billion by2010, an average annual increase of 25%; a 15% budget raising from GDP by 2010 - The whole province’s investment capital raising gaining 39-40% of GDP

 

- Offering jobs to 22,000-24,000 laborers annually; a social labor structure: sector 1: 42%, sector 2& 3: 57.2

 

- Trained labor rate making up 39-40% annually by 2010

 

Orientation and mission for sectors and fields development:

- Industry-construction: It works high-odds and sticks to maintenance of high construction-industry growth rate in order that Bac Ninh is to become an industrialized province by 2015. Bac Ninh prioritizes development of high technology, auxiliary industry, and processing industry for the intent of getting back capital soon, luring local labors and FDI capital, assuring effect industrial land, production development, and cutting down polluted environment.

 

- Service: The province gives priority to investment in services and tourist activities, constructs synchronous transport infrastructure, lures and puts up quality of finance, credit, bank, and insurance, in contribution to its economic development.

 

- Agriculture: An urban agriculture with sustainable development should be suited to market and processing industry and applied by advanced technology and biotechnology to scale up productivity, quality and protect environment.

 Bacninh2

ORIENTATION UP TO 2020

The period of 2011-2015: GDP growth rate (price at 1994) shall reach 13% per annum. Bac Ninh GDP density against the country is to increase from 1.65% by 2010 to 2.12% by 2015. GDP structure to the year 2015 shall be industry-construction making up 59.8%, agriculture 9%, and services 31.2 %(current price). GDP per capita shall gain VND 47.78 million (current price). The period of 2016-2020: GDP growth rate (price at 1994) shall reach 12% per annum. Bac Ninh GDP density against the country is to increase from 1.65% by 2010 to 2.06% by 2015. GDP structure to the year 2015 shall be industry-construction making up 59.8%, agriculture 5.6%, and services 34.6 % (current price). GDP per capita shall gain VND 107.68 million (current price).

 

A 2005-2020 GDP growth rate table

Growth

2005

2010

2015

 

Growth rate  (%)

2020

2006-2010

2011-2015

2016- 2020

Total GDP (billion VND)

(price at 1994)

4785.2

9,624.7- 10,050.5

17,887.70

31,524.30

15-16

13

12

%  against the country

1.18

1.65

2.12

2.6

     

Source: Report on Bac Ninh 2006-2010 socio-economic development

 

A 2005-2020 economic structure table

Economic structure (%)

2005

2010

2015

2020

GDP

100

100

100

100

Industry-construction

47.1

54.7-55.2

59.8

59.8

Agro-forestry-fishery

25.7

13.6-14.6

9

5.6

Services

27.2

30.7-31.2

31.2

34.6

Source: Report on Bac Ninh 2006-2010 socio-economic development

 
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