The annual event afforded localities a chance to share experience in State management and enabled firms to seek business and market expansion opportunities.

Speaking at the event, Deputy Minister of Industry and Trade Hoang Quoc Vuong hailed regional localities such as Da Nang, Quang Nam, Quang Ngai, Lam Dong for achieving economic growth higher than the country’s average.

He suggested that local industry and trade sectors rally resources to develop pillar industries that suit localities’ advantages, gradually pushing forward high-tech industry, regional connectivity and investment attraction in industrial and economic zones.

At the event

On planning, he requested close coordination between regional localities and improving corporate competitiveness.

At the same time, further attention should be paid to administrative reform and grasping opportunities to tap free trade agreements such as Comprehensive and Progressive Agreement for Trans-Pacific Partnership and the European Union – Vietnam Free Trade Agreement, he said.

Last year, the region’s industrial production value neared VND 444 trillion (USD 19.3 billion), up 10.6 percent annually. It is home to 13 economic and 57 industrial parks with over 2,300 operating projects worth upwards VND 618 trillion, creating jobs to more than 144,000 workers.

The total retail of goods and services stood at around VND 700 trillion, up 11.5 percent year-on-year, accounting for 15.86 percent of the country’s total. Export revenue topped USD 8.4 billion while imports surpassed USD 5.17 billion.

In the first seven months of this year, its industrial production value was estimated at VND 262 trillion. The total retail of goods and services neared VND 445 trillion while export and import revenues were over USD 5.3 billion and 3 billion, respectively.

Source: VNA