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Experts to discuss antion plan for Red River Delta
Khanh Khanh 17:23, 2023/02/10
Some 20 ODA projects with total capital of more than US$2 billion will come out at the upcoming conference between provinces and cities and international sponsors in Ha Long City, the northern province of Quang Ninh.

About 900 delegates will next week discuss the Government's action plan on socio-economic development, ensuring national defense and security in the Red River Delta until 2030, with a vision to 2045 while boosting regional investments at a conference between provinces and cities and international sponsors in Ha Long City, the northern province of Quang Ninh. 

 An overview of the press conference. Photo: MPI

About 900 delegates will discuss a governmental action plan on socio-economic development next week, ensuring national defense and security in the Red River Delta until 2030, with a vision for 2045.

These delegates are expected to give solutions for pushing up regional investments at a conference between leaders and officials of provinces and cities and international sponsors in Ha Long City, the northern province of Quang Ninh.

The event, which will take place on February 12, will focus on the region's development in terms of orientation, concrete objectives, solutions, and specific tasks.
According to the Ministry of Planning and Investment (MPI), the action plan set out several policies on the development of socio-economic, cultural, scientific, and technological infrastructure, digital transformation associated with innovation, and building specific mechanisms and policies for the region's growth in the coming period.

Speaking at the event, Deputy Minister of Planning and Investment Tran Duy Dong said, with the theme "Development Linkages - Innovation - Green and Sustainability," the conference is of great significance for the development of the Red River Delta and opens "new opportunities for advancement" for the region.

Politburo, the country's most powerful body, released a Resolution on socio-economic growth in the Red River Delta region 15 years ago, and the implementation has resulted in significant achievements.

The Red River Delta has a strong and dynamic private economic sector, with the second largest number of companies in the country. It also ranks second in Vietnam, attracting foreign direct investment (FDI), with 31.4% of the country's total FDI capital.

However, the region faces many challenges, including slow economic transition, State budget revenue depending heavily on FDI enterprises, slow labor productivity improvement, and a number of public projects needing to catch up to schedule.

"If these limitations and inadequacies are handled, potentials, advantages, and resources will be unleashed, opening up opportunities for the Delta to develop rapidly in the coming times," Dong said.

In addition, the conference will also witness the signing of some 20 Official Development Assistance (ODA) projects with total capital of more than US$2 billion.

Besides investment promotion activities within the event, local participants will debate the Quang Ninh Provincial Plan for 2021-2030, with a vision for 2050, and the Ha Long City Master Plan for 2040.

The Red River Delta consists of 11 subnational provinces/cities and is divided into the Northern Red River Delta sub-region, which is made up of Hanoi, Haiphong, Quang Ninh, Vinh Phuc, Bac Ninh, Hai Duong, and Hung Yen; and the Southern Red River Delta sub-region, comprising Thai Binh, Ha Nam, Nam Dinh, and Ninh Binh.

From 2005-2020, the average economic growth reached 7.94% annually, higher than the national average.

In 2020, the economic size of the region increased 7.75 times compared to 2005, accounting for 29.4% of the country's GDP. During the year, state budget revenues increased 9.5 times compared to 2005, 6.6 times more than the national average, 32.7% of the nationwide total.
Speaking at a related conference last November, Chairman of the Hanoi People's Committee Tran Sy Thanh said Hanoi would create a favorable legal environment for the operation of new business models under a green-, circular- and digital economy. "We will try our best to build the Red River Delta into a modern service center in Southeast Asia."

Thanh expected Hanoi to become a financial, trade, services, and tourism center of the region and the world, Haiphong as a global logistics hub, and Bac Ninh with a smart industrial base.

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