Phu Yen targets $400 million budgetary revenue in 2020

Phu Yen envisages to count $200 million in total export value in 2020

The province determined that 2020 will be a decisive year in fulfilling its five-year socio-economic development plan for 2016-2020 and creating motivation for 2021-2025.

Next year will also mark major political events, such as the 17^th provincial Party Congress and the 13th National Party Congress, as well as celebration activities of Phu Yen's 45th year since liberation.

Leveraging comprehensive assessments of the advantages and disadvantages the province would face in the forthcoming year, Phu Yen People's Committee has set up key targets: 8.35 per cent growth in the province's gross regional domestic product (GRDP), in which agriculture, forestry, and fisheries will see 3.5 per cent growth; industry and construction 13.2 per cent, and services 7.5 per cent.

Phu Yen envisages reaching $200 million in total export value, VND9 trillion ($391.3 million) in total budgetary revenue, and VND22.3 trillion ($969.57 million) in total investment capital for social development in the province. The percentage of communes meeting new rural criteria will reach 65 per cent.

Regarding social targets, Phu Yen province aims to create jobs for 25,000 workers; the average annual poverty rate will go down to 1.35 per cent, and 91.5 per cent of provincial residents will have health insurance.

In order to complete these targets, the provincial People's Committee set out to accelerate the restructuring of the agricultural sector, striving to increase agriculture-forestry-seafood value by 3.5 per cent.

Also by 2020, the forestry sector will post 8.7 per cent growth in production value; forest coverage will touch 45 per cent, growth of production value in the fishery sector will come to about 4.9 per cent and that of the services sector 7.5 per cent.

Regarding development investment, Phu Yen province will increase capital mobilisation and ensure the efficient use of diverse development investment resources. Priority will be given to the mobilisation of social resources and diversifying the forms of infrastructure investment.

The province will also create the conditions to accelerate major projects in the area, such as My Lam reservoir; Song Chua Bridge on National Highway No.1, upgrade National Highway No.25 and a number of components belonging to national highways 29 and 19C.