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Vietnamese PM approves Mekong Delta Key Economic Zone plan

(Xinhua)

19:32, December 05, 2011

HANOI, Dec.5 (Xinhua) -- Vietnamese Prime Minister Nguyen Tan Dung has decided to establish a Key Economic Zone (KEZ) in the Mekong Delta, which includes southern provinces of An Giang, Kien Giang, Ca Mau and Can Tho City, Vietnam News Agency reported Monday.

The planned KEZ, located in the country's major rice basket, is expected to have a growth rate 1.25 times higher than the average GDP growth rate of the country in the 2011-2020 period and make up 40 percent in the nation's GDP in 2020.

According to the report, priority will be given to the development of industrial and service sectors in the region. The contribution of the zone's industrial and construction sectors will rise from 29 percent in 2010 to 40 percent in 2020, and that of the service sector from 42 percent to 45 percent.

Meanwhile, the contribution of the zone's agricultural, forestry and fishery sectors will decrease from 29.4 percent in 2010 to 15 percent in 2020.

Per capita income of the zone's residents is expected to rise from 1,200 U.S. dollars in 2010 to 3,000 U.S. dollars in 2020.

To reach the targets, the zone must speed up its technological renewal during its modernization process, development of transport infrastructure and raise the ratio of trained workers, said the report.

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