Deputy Prime Minister Hoang Trung Hai made the statement while chairing a conference in the Mekong Delta city of Can Tho on April 7 on the development of key economic regions.
According to the Ministry of Planning and Investment, Vietnam now has four key economic regions, including the North, Central, South and Mekong Delta, which account for 27.42% of the area and 51.27% of the population of the country.
They see dynamic development with modern economic structures and play the role as the locomotive in national development and international integration.
However, Deputy PM Hai, who is also Head of the State Steering Committee for Key Economic Regions, said the regions still suffer from low investment efficiency and the poor quality of planning, management and implementation work.
They are yet to have any products with high added values and competitiveness, he added. He instituted relevant ministries, sectors and localities to co-ordinate closer in planning and implementing key projects in the four regions as well as in strengthening linkage between them.
The conference set a target that the GDP growth rate of these key economic regions will reach 9-10%, about 1.4 times higher than the country’s average rate.
In the 2006-2011 period, the regions recorded an average GDP growth rate of 10.98% and a per-capita income 3.6 times higher than that of the country. Their export value accounted for nearly 90% of the country’s total.