Ba Ria-Vung Tau economy grows in 1st quarter
Ba Ria-Vung Tau economy grows in 1st quarter
Ba Ria-Vung Tau managed to achieve positive economic growth in the first quarter of 2021 driven by a surge in industrial production, port services and domestic travel.
Speaking at a meeting held on Friday to review the socio-economic development for the quarter, deputy secretary of the provincial Party Committee, Nguyen Thi Yen, said key economic sectors achieved growth during the quarter.
The province achieved the dual goal of containing COVID-19 while ensuring economic growth, she said.
So its revenues rose by 6.7 per cent to more than VND22 trillion (US$953.46 million), she said.
Industrial production value excluding oil and gas rose by 7.3 per cent year-on-year.
The value of port services jumped by 9.6 per cent.
The province speeded up work on some crucial transport projects to facilitate connectivity to the Cai Mep-Thi Vai port complex in Phu My Town.
The tourism sector saw a robust recovery, with the number of visitors in the first quarter doubling from a year ago to 1.8 million.
In the second quarter, the province plans to focus on improving its business climate and competitiveness to attract foreign investment.