The socio-economic situation of the first nine months has shown good signs

Chairman of Dong Nai People’s Committee - Vo Van Mot makes a speech at the meeting

    The socio-economic situation has shown negative effects the past nine months but Dong Nai’s economy has seen positive changes. Nine months’ GDP is estimated at VND23.6366 trillion, accounting for 74.7% of the plan and up 8% compared to the same period (1.8 times as much as the whole country’s GDP); for example, industry and construction – up 7.8%, services – up 10.6%, and agriculture, forestry and aquaculture – up 4% compared to the same period.

    Particularly, nine months’ industrial production value is VND60.723 trillion, up 8.1% compared to the same period (that of the whole country rises by 6.8%). Especially, among Dong Nai’s nine major industries, garment and textile and footwear are the industries with highest growth (up 12.7% compared to the same period) whereas paper industry has the lowest growth compared to the same period (down 6.4%). The retail turnover on the market totals nearly VND30 billion, up 20.7% compared to the same period. September’s CPI rises by 0.31% compared to the previous month. September’s budget revenue hits VND9.5327 trillion, accounting for an estimated 79% and equal to 99% compared to the same period. Budget spending is VND3.295491 trillion, accounting for an estimated 73.3%, up 30% compared to the same period.

    However, due to the impact of the global economic recession, export turnover hits US$4.498 billion only, down 5.9% compared to the same period. Particularly, compared to the same period, the export value of cashew nuts, of pottery and handicrafts and of garment goes down by 24.5%, 20% and 2.8% respectively. Nine months’ import value – machinery and equipment – is US$4.654 billion, down 25.3% compared to the same period. Foreign investment attraction is weaker than the previous years. Up to now, total registered capital has reached US$766 million, representing 40% of the plan and equal to 27.2% compared to the same period. Up to the present, Dong Nai has had 974 valid projects.

    Culturally and socially, there has been encouraging results, especially those of job generation. 71,260 jobs have been generated over nine months, accounting for 83.3% of the year plan.

    Addressing the meeting, Chairman of Dong Nai People’s Committee - Vo Van Mot asked departments, committees, sectors and localities in Dong Nai province to solve the difficulties of economic growth, to implement the government’s demand stimulus packages, to implement administrative reform successfully and especially to focus on twelve socio-economic programs. To do this job successfully, the leadership of agencies, departments and sectors is required to re-consider and inspect what they have done since early this year and the possibility to perform their tasks until 2010.