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Party leader: Southeastern region is Vietnam’s most vital growth driver

The Saigon Times

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HCMC – Party General Secretary Nguyen Phu Trong has emphasized the especially important role of the southeastern part of Vietnam in the nation’s development, saying it is the growth engine of the national economy.

Southeastern Vietnam comprises HCMC and five neighboring provinces – Tay Ninh, Binh Phuoc, Binh Duong, Dong Nai, and Ba Ria – Vung Tau.

The Politburo today, October 23, held a conference on Resolution 24-NQ/TW on the southeastern region’s socio-economic development, national security and defense by 2030, with a vision to 2045.

The Party leader told the six localities to work harder as the locomotive and the strongest growth driver of Vietnam.

He underlined the need to understand the purpose, significance, requirements and content of the resolution and urged the Government and central agencies to strengthen coordination with the region in building, promulgating and implementing laws and priority policies dedicated to regional development; and well implementing the regional development planning for the 2021-2030 period, with a vision to 2045 in a green, sustainable and comprehensive orientation and in conformity with the national master plan.

He stressed the importance of continued administrative reform, and development of e-government towards digital government, digital economy and digital society and smart city.

In 2020, the southeastern region’s gross regional domestic product (GRDP) rose by 4.9 times compared to 2005 and 2.6 times compared to 2010. The region contributed 32% of the country’s GDP, and 44.7% of the total budget revenue. Its per capita income in 2020 topped the country. The urbanization rate reached 67%.

The new Politburo resolution sets a target for the region to innovate strongly, dynamically to create breakthrough changes in continuing to develop it into an economic, financial, commercial, educational, and training center.

By 2030, it will become a dynamic development region with a high economic growth rate, the largest growth engine in the country; a science – technology and innovation, high-tech industry, logistics center; and an international financial center with high competitiveness in the region.

By 2045, it will become a developed region, with strong economic potential, a modern economic structure, and a center of science – technology and innovation, high-tech industry, logistics, and international finance in the top group of the region and the world; and have modern and synchronous infrastructure.

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