Kon Tum eyes highest regional GDP growth in Central Highlands
Kon Tum eyes highest regional GDP growth in Central Highlands
For 2023, regional GDP for Kon Tum province is estimated to hit $802 million, growing 7.32 per cent on-year and ranking 22nd in the country and first in the Central Highlands region.
The total investment value has approximated $1.14 billion, achieving the province's plan for the year. Set targets on agriculture, new rural development, industrial production, and trade and services have also met and exceeded expectations.
The total added value of the industry and construction sector based on current prices comes to $472 million, equal to 105 per cent of the projection and 118 per cent over the same period last year.
The industrial production index inched up 16 per cent on-year. The total added value of local trade and services sector amounts to $591 million, slightly below the projection, yet showing an increase of 111 per cent compared to one year ago.Trade and services have maintained stability, with total retail sales of goods and services estimated at $1.45 billion in 2023.
Kon Tum has been proactively working with investors to remove difficulties to facilitate investment progress. The local business environment has been constantly improved, leaders say, and its provincial competitiveness ranking has been enhanced significantly.
In 2024, the province aims to reach a regional GDP growth rate of 10 per cent or more. State budget revenues could hit $194 million, and the aim is for total capital investment to reach $1.27 billion.
New business setups are expected to number at least 360 units next year.
Other targets include attracting at least 1.7 million tourists; seeing five more communes meet new rural standards; maintaining its provincial competitiveness and governance rankings; and pushing its administrative reform index rank up five places compared to 2023.
Also next year, the rate of needy households hopes to dip at least 3 per cent; around 95 per cent of the population will have health insurance; and 85 per cent of communes, wards, towns, residential areas, agencies, and schools will meet typical security and order standards.
