Gia Lai Sees Sustainable Economic Growth

11:07:39 AM | 15/11/2005

Central highlands Gia Lai province has witnessed a sustainable economic growth since early this year. The local agro-forestry sector has registered the highest growth of 48.5per cent, down 1.03per cent on-year. Following are the service and industry-construction sectors with respective figures of 27.6per cent and 23.9per cent during the time.
The province has so far this year put cassava and cashew processing factories, textile and garment firm, hydropower plant, and granite production line into operation. Meanwhile, the service sector has expanded its commodity distribution network to remote and rural areas. Other services such as banking and finance, transport, postal and telecommunication have also experienced strong development in both quality and size, satisfying local production demand.
Gia Lai province has called for all investments into its key works. Total mobilized capital is expected to reach VND3,970 billion, fulfilling 113per cent of its target. Investment from the province's budget has seen the highest rise of 44per cent, followed by those contributed by the state budget, local residents, and the local enterprises and organizations with increases of 43per cent, 5per cent, and 4per cent, consecutively.
In the first ten months of this year, the province had successfully carried out several social and economic programs, i.e., program to consolidate two kilometers of dykes, project to upgrade 207 kilometers of rural roads, project to supply hygienic water, project to build Quy Duc Bridge, as well as sapling and seedling programs.
The province has to date reduced number of poor households by 10 per cent, providing social assistance to more than 3,870 orphans and creating an additional 512 jobs for unemployed labourers.
Gia Lai province has also poured investment into the construction and upgrading of infrastructure in 12 impoverished communes and 18 other localities.
In a push to improve living standards, local authorities have also paid due attention to education, healthcare, culture, and sport activities. An unattractive investment environment including high land-leasing fee, high input material prices, and slow site clearance has hindered the influx of FDI and ODA.
The province's exports are facing stagnancy and unsustainability as most of the export items are raw materials or are preliminarily processed.  

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