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Mekong Delta targets 12 percent annual growth over next decade

The Cuu Long (Mekong) Delta region targets annual economic growth of 12 percent through 2020, hoping to raise per capita income to 70 million dong (USUS$3,350) per year, according to the Southwest Region Steering Committee.

The region will be developed into a focal economic zone, an area specializing in food and fisheries produce, according to a report released at an exhibition that opened in Can Tho yesterday to showcase its achievements in the past decade.

Speaking at the inauguration, Vietnamese Deputy PM Vu Van Ninh, who is also head of the Southwest Region Steering Committee, reaffirmed the strategic role played by the Cuu Long (Mekong) Delta in the country's economy.

“It is headed in the right direction in tapping its advantages and potential and contributing to the country's development,” he added.

In the first decade of this century, the region grew at 11.7 percent and accounted for 18-19 percent of the country's GDP and 10 percent of exports.

Its average annual industrial growth rate in the period was 18.8 percent.

Eleven industrial parks were established, attracting US$743 million and offering over 70,000 jobs.

But a report released at a conference held to promote investment in the region on the exhibition's sidelines on Thursday said the achievements fell short of potential.

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