Economic News

In the first 6 months of 2017, the total GDP of Khanh Hoa increased by 7.24%

On July 3th, Prime Minister Nguyen Xuan Phuc chaired the online conference of the Government's regular meeting in June 2017. At the Khanh Hoa province, Mr. Nguyen Tan Tuan – Permanent Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Council; Mr. Le Duc Vinh - Deputy Secretary of the provincial Party Committee, Chairman of the provincial People's Committee together with the Permanent provincial People's Committee members, representatives of departments, sectors attended the conference.

Illustrative picture. Photo: baocongthuong.com.vn.

At the meeting, the Government discussed the summary of the socio-economic situation in June and the first six months of 2017; the implementation of the Government's Resolution No. 01 /NQ-CP dated January 1st 1977 on the major tasks and solutions to direct and manage the implementation of the socio-economic development plan and the implementation and State budget forecast in 2017; To report on the direction and management of the Government and the Prime Minister; Results of the performance of the tasks assigned by the Government, the Prime Minister and the results of the inspection by the working group in June and the first 6 months of 2017.

According to the report of the Ministry of Planning and Investment, in the first 6 months of 2017, the socio-economic situation in the country has seen positive changes in almost all fields. Accordingly, gross domestic product (GDP) increased 5.73% over the same period last year; State budget revenue reached 563.5 trillion VND, as 46.5% of estimate; Consumer price index (CPI) in the first six months increased 4.15%; Core inflation increased by 1.52% over the same period last year; The total investment capital of the whole society is about 674.8 trillion VND, as 32.8% of GDP, increased 10.5%; The total number of international visitors to Vietnam is estimated at 6.2 million, up 30.2% ... However, the disbursement rate of state budget investment remains low, reaching 29.6% of the plan. .

In Khanh Hoa, in the first 6 months of 2017, the socio-economy of the province continued to grow, some indicators increased significantly compared to the same period last year. Specifically, gross provincial product (GRDP) increased 7.24%; Industrial production index increased by 6%; Budget revenue reached over 9,610 billion VND, as 55.7% of estimate, up 15.1% over the same period; Export turnover of goods was 650 million USD, up 11%; Tourist revenue reached over 7,515 billion, up 31,1%; The value of agriculture-forestry-fishery production increased by 3.35% ... The cultural, social and environmental fields are paid attention; Social security and basic social welfare are guaranteed; Complaints and denunciations, anti-corruption work have been paid attention; Defence and security is maintained…

To achieve the target of GDP growth of 6.7% in the last 6 months of 2017, the central and local ministries and sectors will focus on implementing five groups of solutions such as maintaining Macroeconomic stability, control the inflation, promotion of economic restructuring; Promote economic growth in sectors; Expanding export markets and domestic markets, and controlling imports to a sustainable trade balance; To mobilize investment capital sources in the economy, focusing on speeding up the disbursement of public investment capital, mobilizing private investment capital and foreign direct investment (FDI); Strengthen information and propaganda.

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