Improve internal strength, competitiveness, international economic integration

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Concluding speech at the Conference to review the 5-year implementation of Resolution No. 09-NQ/TU dated April 10, 2017 of the City Party Committee “on proactive international economic integration” (Resolution No. 09), recently organized by the Standing Committee of Can Tho City Party Committee, Mr. Pham Van Hieu, Standing Deputy Secretary of the City Party Committee, Chairman of the People’s Council of Can Tho, said that proactive and active international economic integration is an important orientation in the implementation of the city’s socio-economic development tasks and solutions. Therefore, in the coming period, all levels of Party committees, authorities, Fatherland Front, municipal organizations will focus on implementing synchronously and effectively the city’s international economic integration plans and programs, through mechanisms, policies, investment incentives, promote investment attraction in key fields and projects. Continuing to closely follow the central direction on international integration and the resolutions of the Politburo, the Government, the National Assembly on piloting a number of specific mechanisms and policies for the development of Can Tho city.

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City enterprises have effectively taken advantage of advantages from free trade agreements to expand production and business and expand export markets. In the photo: Production activities at ADC Pharmaceutical Factory.

Transformation

After the City Party Committee promulgated Decree No. 09, the Party committees, authorities, the Fatherland Front and city unions have promoted propaganda, mastery and implementation of the Resolution to cadres, party members and people of all classes in various, practical and effective forms. Thereby, there has been a clear change in awareness about international economic integration, focusing on the goals, directions, tasks and solutions identified in the Resolution, creating unity in the whole Party and consensus in society, contributing to the successful implementation of the set goals.

Some positive results have been achieved in the implementation of specific targets set out in Resolution No. 09, which are mechanisms, policies to attract investment deployed by sectors interested in, contributing to improving internal resources, competitiveness of the city economy. In the period 2017 to 2021, the city decided to invest in 44 projects with domestic investment capital, investment capital under the policy of over 40,000 billion VND; accumulated to the end of 2021, the city has 104 projects in progress, the total investment capital under the investment policy is over VND 135,000 billion. Regarding foreign investment attraction, up to now, the city has 85 projects, with a total registered investment capital of more than 2 billion USD, accumulated realized capital of over 533 million USD, reaching 26% of the total registered capital. Total realized social investment capital is 133,872 billion VND, an average increase of 4.67%/year.

Mr. Ha Vu Son, Director of the Department of Industry and Trade, said that in implementing Resolution 09, the Department developed specific programs and plans to effectively implement the international economic integration process. Accordingly, city businesses have effectively taken advantage of free trade agreements to expand production and business and expand export markets. Up to now, the city’s export goods are present in most of the continents with more than 120 countries.

The results achieved in the implementation of Resolution 09 have had great contributions from the Vietnam Fatherland Front Committee of Can Tho City. Mr. Tong Van Nhien, Vice Chairman of Vietnam Fatherland Front Committee of Can Tho city, said that the city’s Vietnam Fatherland Front Committee and the Union of Friendship Organizations of Can Tho city always actively expand and improve the efficiency of international solidarity, friendship exchanges to inform international friends and have a comprehensive view of the innovation development process and achievements of Vietnam. in general and Can Tho City in particular. Thereby, acting as a bridge to promote cooperation with foreign enterprises.

Enhance competitiveness

In addition to the achieved results, the city’s international economic integration activities still have some shortcomings and difficulties such as the process of international economic integration is still passive, has not taken advantage of, has not been exploited all advantages such as technology, free trade agreements have taken effect… The coordination between all levels, sectors in implementing tasks of international economic integration has never been unprecedented tight, lack of synchronization; has not yet proposed breakthrough solutions to accelerate the process of international economic integration. The attraction of investment into the city has not yet made a breakthrough, capital of the foreign direct investment sector only accounts for 3.49% (VND 4,666 billion). The average growth of export turnover of goods and services in the period 2017 to 2021 is low compared to the target set by the Resolution (only 3.25% per year compared with the target set by the Resolution of 8-10%/year)…

Recognizing the limitations in implementing Resolution 09, Mr. Nguyen Van Hong, Vice Chairman of Can Tho City People’s Committee, said that the mastery and implementation of Resolution 09 in some localities, units had when not timely, slow to concretize implementation documents. The internal capacity of the local economy is not high. Processing time for documents, procedures is still slow compared to the investor’s request. Most businesses in the city are small and medium sized, not enough aware of the opportunities as well as challenges of free trade agreements to which Vietnam is a member; not yet boldly searching and expanding the market. Along with that, affected by the COVID-19 epidemic, foreign investors hesitated in new registration, business expansion. Many promotional activities have been suspended, postponed or moved to the online form, so they have not achieved the desired effect…

Continuing to effectively implement Resolution 09, the city has stepped up the propaganda of international integration in all fields. Implement synchronously and effectively the city’s international economic integration plans and programs. Strengthen administrative reform; synchronously implementing solutions to improve the provincial competitiveness index, striving to be assessed as a group of localities with good governance quality. Build an effective startup ecosystem, well supported to start a business. Improving the quality of human resources associated with promoting innovation…

In the period 2017 to 2019, the economic growth of Can Tho city will be maintained at 6.6%/year; GRDP per capita by 2021 will reach VND 72.3 million, 1.2 times higher than 2017. Revenue of goods and foreign currency services in the period 2017 to 2021 is USD 9,809 million. Total state budget revenue in the area averages 11%/year. The city is ranked in the group of 10 localities with good governance quality.

 

Article, photo: KHANH NAM