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Northern economic zone aims for 9% annual growth

An overall socio-economic development plan by 2020 of the northern key economic region, in which GDP per capita is targeted at US$ 5,500, was announced by the Ministry of Planning and Investment.

An overall socio-economic development plan by 2020 of the northern key economic region, in which GDP per capita is targeted at US$ 5,500, was announced by the Ministry of Planning and Investment.

Illustration photo

The plan with a vision towards 2030 was approved by the Prime Minister in January this year.

It details specific socioeconomic targets for the region including Ha Noi, Hai Phong, Quang Ninh, Hai Duong, Hung Yen, Vinh Phuc and Bac Ninh
 
Under the plan, the region aims to reduce the proportion of agriculture to 5.5% of GDP in 2020 while industry and construction will occupy 49%. It is determined to hit 45.4% for services.
 
The area’s export value will account for 32% of the country’s total.
 
With regard to culture and social affairs, it is expected to have 80-85% of workers trained, annually cut down the rate of poor households by 2% and have 80% of communes meeting national standards regarding health services.

In terms of services and tourism development, the economic area prioritises spiritual cultural tourism and will accelerate services exports, upgrade infrastructure and create a healthy business environment along with strengthening finance-banking services with the focus on turning Ha Noi into a prestigious finance-banking centre meeting international standards.
 
The region pays heed to developing industries of strength and capable of integrating into the global value supply such as information technology, telecommunications, machine manufacturing, shipbuilding, garment and textiles, among others.
 
In addition to the two metropolises of Ha Noi and Hai Phong, a number of surrounding cities such as Bac Ninh, Vinh Phuc, Ha Long and Hai Duong will be developed into core urban centres acting as new growth drivers for the entire region.

Source: VGP
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