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Bac Lieu’s GDP to grow 8.36 percent this year

The gross domestic product (GDP) of the southern province of Bac Lieu is expected to grow 8.36 percent this year, according to a provincial official.
Bac Lieu’s GDP to grow 8.36 percent this year ảnh 1The centre of Bac Lieu city (Photo: VNA)

Bac Lieu (VNA) – The gross domestic product (GDP) of the southern province of Bac Lieu is expected to grow 8.36percent this year, according to a provincial official.

Duong ThanhTrung, Chairman of the People’s Committee of Bac Lieu province, said at aconference of the provincial Party Committee on November 28 that this is thehighest rate since the beginning of the committee’s tenure.

In 2018,with a growth rate of 10.3 percent, the service sector for the first timeoutperformed agriculture, which expanded by only 5.2 percent.

Nguyen QuangDuong, Secretary of the provincial Party Committee, said along with advantages,Bac Lieu still faces difficulties in the value chain of the shrimp sector.

He alsostressed the need for the local tourism industry to improve its quality, trainworkers and build infrastructure.

Although BacLieu has gained achievements in poverty reduction, the work remains unstable,he said, urging the province to employ more solutions to help local householdsescape from poverty.

Duong notedfive major tasks set for the province in 2019 – creating more breakthroughs inpersonnel work, enhancing solidarity, raising public consensus and revampingleadership methods.

Delegates atthe event discussed solutions to boost tourism development, maritime economyand new-style rural area building, attract investment and ensure security andsafety.

According toa draft report presented at the conference, the province’s economy is projectedto grow 8.5-9 percent in 2019, with per capita income at nearly 48 million VND(2,064 USD).

The servicesector is expected to account for 42.53 percent of the local economy, andexport turnover is set to hit 690 million USD.-VNA
VNA

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