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Coast region urged to meet potential

Update: April, 20/2012 - 10:30


Ca Ty River runs through the city of Phan Thiet in Binh Thuan Province. — VNA/VNS Photo Thanh Vu
BINH THUAN — Deputy Prime Minister Nguyen Xuan Phuc yesterday called on Binh Thuan Province to more effectively exploit its coastal economy, making the comments during a ceremony celebrating 20 years since the province's establishment.

On behalf of the government, Phuc applauded the province's party leaders, authorities and residents for their achievements during the past two decades since the province's separation from the former Thuan Hai Province in 1991.

The industrial and tourism sectors in particular have achieved great maturity during the past 20 years.

Nguyen Thanh Tam, deputy chairman of the province's People's Committee, told a press meeting earlier this month that since 1992, the province's average GDP growth has grown an average of 12.3 per cent a year.

Growth in the service sector rose by 14 per cent and agriculture 7.3 per cent.

According to the province, GDP per capita reached US$1,288 last year compared to 20 years ago when it was only US$288.

Last year, the province received $290 million from exports, compared to $7.35 million in 1991.

Phuc stressed that Binh Thuan would continue reassesing its development plan to better exploit the potential of the local tourism and wind power sectors, in a bid to make the province one of the nation's economic, tourism and clean energy centres.

The tourism sector has become one of the fastest-growing sectors in the province. Revenue has been increasing an average of 36 per cent each year and the number of tourists 17 per cent.

Last year, the province, which is informally known as the resort capital of the country, received 2.8 million tourists, with 260,000 foreign visitors.

The province has given investment licences to 411 tourism projects. Tam said that the province's poverty rate had been reduced to 7. 6 per cent. Each year, the poverty rate falls from 1.5 to 2 per cent, according to Tam.

With so much arid land, the province is a popular area for cultivating dragon fruit, which grows on a total of 8,616 ha, 30 times that number 20 years ago. — VNS

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