Shining points in the picture of Quang Ngai’s economy

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​The picture of Quang Ngai’s socio-economy has been shining when this central province successfully achieved targeted figures in the first six months of the year.

​The most significant achievement is that GDP increased by 13.6 percent in the period, accounting for over 5.5 trillion VND, fulfilling 51 percent of the plan set forth for the year.

The value of industrial processing is estimated at 11.3 trillion VND, a growth of 23 percent compared with that in the last period, reaching 57.4 percent of the plan.

In the period, this central province reached a remarkable result in foreign directed investment (FDI) with three new licensed projects worth around 16.54 million USD. The province has considered for granting investment certification to a 150-million USD pulp-making project invested by JK (India).

So far, Quang Ngai has lured 25 FDI projects with total registered capital of 3.9 billion USD, which have been under smooth and effective operations. The six-month disbursement of those projects hit a record of 26.12 million USD.

Besides the attraction of FDI, the domestic projects increased double compared with that in the same period last year. 12 newly-licensed projects on year bring the total domestic projects in the province up to 260 with total investment capital of over 109 trillion VND.

The activities of agro-forest-fishery also obtained considerable results. Its processing value made a record of 1.3 trillion VND, a y-o-y growth of 4.5 percent.

Of which, the processing in fishery is said to be the most successful because in the period many provincial fishermen invested money in improving the capacity of fishing boats and equipping with hi-tech fishing tools. So that the six-month catching yield is reported to be over 65.3 trillion tons, a raise of 10 percent compared with that in last period.

One more significant point in the shining picture of economy in Quang Ngai province is tax collection, which increased 30 percent compared to the figures last period. So far the year, total revenue of taxes in the province made up over 12 trillion VND, of which an amount of 10.7 trillion VND was collected from domestic taxes, a considerable rise of 42.7 percent compared with that in the same period last year.

According to experts, the noteworthy achievement in tax collection thanked to the large contribution of Dung Quat Refinery, which paid an amount of nearly 10 trillion VND taxes within five months on year.According to experts, the noteworthy achievement in tax collection thanked to the large contribution of Dung Quat Refinery, which paid an amount of nearly 10 trillion VND taxes within five months on year.

The final point is that tourism has also become a driving force in economic growth. In the period many large scale festivals were held attracting over 252 thousands of tourists to Quang Ngai, a y-o-y increase of 15 percent, of which 40 percent were foreign visitors.

Minh Chau

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