HCM CITY — Officials from the Ministry of Industry and Trade and local departments in the southeastern region called for better government and commercial linkages in order to improve economic growth.
Participants at an annual conference on the industrial and trade sector held in HCM City noted that linkages among the industrial and trade sector of HCM City and the provinces of Dong Nai, Binh Duong, Binh Phuoc, Ba Ria – Vung Tau, Tay Ninh, Lam Dong and Binh Thuan had helped stimulate economic development in the region during the past years.
Deputy Minister of Industry and Trade Nguyen Nam Hai said the southeastern region had played a leading role in the country in the industrial sector.
Linkages among southeastern provinces and cities have brought benefits in production, investment attraction, trade and others.
For the 2012-15 period, provinces and cities of the region have signed a co-operation deals between HCM City and other southeastern provinces, and co-operation agreements between the departments of Industry and Trade in Tay Ninh, Dong Nai and Long An provinces.
Last year, the southeastern region was the industrial hub of the country, with industrial production value reported at VND555.4 trillion, an increase of 13 per cent over 2010.
The figure was equal to 45 per cent of the country's industrial production value.
Exports expanded last year, with turnover of US$61.8 billion, accounting for 64.2 per cent of the country's export revenue.
Nguyen Van Lai, director of HCM City's Department of Industry and Trade, said the region should focus on using high-technology to reach export turnover of $70 billion and industrial production value of VND635 trillion this year — VNS