'Businesses must be key role of economic development'

The Southern Key Economic Region contributes the most to the whole country with a significant proportion of GDP growth, reaching 45.4% of the national GDP

With 8 planned localities, the Southern Key Economic Region contributes the most to the whole country with a significant proportion of GDP growth, reaching 45.4% of the national GDP. By the end of 2018, total budget revenue accounted for 42.6% of the whole country. The economic structure has shifted towards positive direction and focused on industry and service sectors.

This is also the region that attracts the most foreign investment in the country with more than 15,000 valid FDI projects; 140 operating industrial parks and export processing zones; etc.

Nearly 400 enterprises from provinces and cities participated in the forum

However, the region's economic growth has tended to slow down. The infrastructure has not been commensurate, the connection has not been synchronized. Besides, the quality of urban development has been low, many areas have been seriously polluted. Human resource development has not met the requirements. The advantages of the region have not been fully promoted to create new incentives for growth.

PhD. Vu Tien Loc, Chairman of VCCI said: “Mechanisms and policies for developing the southern key economic region have been incomplete and lack breakthroughs. The coordination between provinces and cities in the region has been spontaneous. The method and program of coordinating economic development have been local and have not promoted the competitive advantage of the region”.

According to Deputy Head of the Steering Committee for Enterprise Innovation and Development - Nguyen Hong Long, the Prime Minister directed that in the coming time, we should promote internal resources, free up potential resources in society on the basis of strongly promoting new science and technology, developing a dynamic and creative private economy. In particular, businesses are the key role of motivation and development. 

According to Dr. Vu Tien Loc, enterprises must be the key role of economic development

The forum is one of the activities promoting the Prime Minister's Directive No.19/2019/CT-TTg issued in July 2019 on solutions to promote growth and sustainable development of the Southern Key Economic Region. This is also a specific activity to carry out the Campaign "Businesses and businessmen contribute their ideas to improve mechanisms, policies and economic development".

In addition, the Organizing Committee also honored typical businesses in the Southern Key Economic Region, of which Long An had 4 businesses./.

By Thanh My - Translated by Pham Ngan

Source: http://baolongan.vn/doanh-nghiep-phai-la-trung-tam-trong-phat-trien-kinh-te-a82851.html