HA NOI – A development plan for the eastern part of the southern region, which targeted to maintain its annual economic growth rate of 9.5-10 per cent over the next eight years, has been approved.
Embracing HCM City, Ba Ria-Vung Tau, Dong Nai, Binh Duong, Binh Phuoc and Tay Ninh provinces, the plan stated the region was the country's most dynamic economic hub with a stable growth rate.
GDP per capita would reach about US$4,600 by 2015 and increase to $6,400 five years after that. (The country's GDP per capita stood at $1,300 in 2011.)
The region would develop into a prestigious service centre in the Southeast Asian region, providing high quality services, including banking-finance, insurances, trade and distribution, international freight and communications.
HCM City would be built into an economic, educational, scientific and technology centre for the region.
Triangle connecting provinces of Dong Nai, Binh Duong and Ba Ria-Vung Tau would focus on competitiveness in industrial production and at the same time promote services for the industries.
The triangle was planned to boost the economies of Tay Ninh and Binh Phuoc provinces which are based on border trading.
The share of industries, construction and services in the region's economy would be between 97-98 per cent by 2020, in which services accounted for 44 per cent.
About 20-25 per cent of technology would be renovated year on year and the rate of trained workers would reach 90 per cent, according to the master plan.
The industries of energy saving and those using high technology would be given favourable conditions to develop. Those creating many added values would also be encouraged to expand.
Also, electronic production and information technology would be key sectors of the region while other major sectors – oil and gas exploitation, construction materials, seafood, foodstuff and agricultural products processing – would continue their major role in the region's economy.
To ease pressure on HCM City, cities of Vung Tau (in Ba Ria-Vung Tau Province), Bien Hoa (Dong Nai) and Thu Dau Mot (Binh Duong) would be upgraded while satellite towns will be developed in suburbs of HCM City and surrounding provinces, including Nhon Trach and Long Thanh, Tam Phuoc and Hiep Phuoc.
Industrial belts will be established to discourage industrial parks being set up in HCM City's centre. Long Thanh High Tech Park in Dong Nai Province and the industry-services complex in Binh Duong Province are successful models to be replicated.
A comprehensive and modern infrastructure for trading, including a traditional market network, supermarket, trade centres and storehouses will be established for distribution services. – VNS