Promoting
regional links to increase economic growth
Promoting
regional economic links toward creating a driving force for the national
economy has received special attention from the government.
Regional
economic linking has improved coordination between central and provincial
agencies in outlining policies and allocating investment more efficiently.
The
government’s decentralization of economic management has made provinces more
proactive in planning their own economic development programs.
Decentralization has revealed a number of issues around management efficiency
and effectiveness in turning out products.
A lack of
coordination in regional economic links has caused much development
investment to be wasted and localities haven’t made full use of each other’s
infrastructure. The unintentional result has been disconnected local
economies, breaking up the unity of the national economy.
Deputy Prime
Minister Vuong Dinh Hue said, “Without economic benefits everything,
including geographical and cultural factors, will be only theoretical. The
motive force for regional economic links is to address a reality acknowledged
by many economists: that Vietnam’s 63 cities and provinces represent 63
economies which are similar but disconnected from each other.”
Provinces
and cities have separately increased their investment promotion activities.
They have demonstrated dynamism but on the other hand, have failed to achieve
coordination of directions, policies, and information, especially from the
point of view of investors.
To make
regional links effective in Vietnam’s economic restructuring and growth model
change, says Le Thanh Quang, Khanh Hoa provincial Party Committee Secretary,
ministries and agencies should focus on key projects, infrastructure
investment, transportation improvements, and handling conflicts of interests
between regions.
Quang, who
is also head of the coordination board of the central coastal region,
underlined the importance of decentralization, allocating additional powers
and responsibilities to the local level.
“We urge the
government to recognize the functions, missions, and authority of a regional
coordination board. Also, a regional preferential mechanism should focus on
fisheries, seafood processing, and maritime tourism corresponding to cultural
and historical tourism and the development of coastal economic zones and a
seaport economy accompanied by a specific implementation roadmap until 2020
with a vision to 2030,” according to Quang.
VOV5
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Chủ Nhật, 24 tháng 4, 2016
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