PM to chair central region economic development conference next week

The Prime Minister will chair a central region economic development conference on August 20 to propose measures for sustainable development in the central region, including the central key economic region, the Vietnam Government Portal (VGP) reported.

A view of Quy Nhon City

The central region, including 14 localities from Thanh Hoa to Binh Thuan provinces, is a strategic area in terms of politics, economics, society, defense and security. 

The region is the home to 20.2 million people, accounting for 21 percent of the nation’s total population and makes up 28.9 percent of the nation’s area. 

With the coastal lines of 1,900 km, the central region plays a crucial role in maritime economic development. 

The central key economic region was established 22 years ago based on the PM’s Decision No.  1018/1997/QD-TTg dated November 29, 1997, consisting of five localities, namely Thua Thien Hue province, Da Nang city, Quang Nam province, Quang Ngai province and Binh Dinh province, according to the VGP.

The central key economic region is located on the area of 27,882 square kilometres, accounting for 8.4 percent of the nation’s total area and has the total population of 6.5 million, making up 7 percent. 

The region is regarded as a key bridging role in external economic and cultural exchanges and transporting products between central highlands provinces as well as a most favourable gateway for localities in southern Laos, northeast Thailand and northeast Cambodia through the East-West Economic Corridor.

It has advantages of four external and internal transport infrastructure structures of road, railway, waterway and air.  

In the first half of 2019, the GRDP growth of the central region was estimated at 8.05 percent, higher than the nation’s GDP growth of 6.76 percent. Eight among 14 localities reported the high GRDP growths such as Thanh Hoa 22.18 percent, Ha Tinh 12.78 percent, Ninh Thuan 10.07 percent, Phu Yen 9.2 percent, Binh Thuan 8.46 percent, Nghe An 7.09 percent, Thua Thien Hue 6.87 percent and Quang Tri 6.8 percent.

Source: VNA

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