Compared advantages, restrictions, and development chances

Monday, 02 February 2015

Compared advantages
Favorable geographical position: Kien Giang borders the Gulf of Thailand, and is near ASEAN countries like Cambodia, Thailand, Malaysia, and Singapore . It also has diversified topography: a long coastline (200 km), many rivers, mountains, and islands (105 small and big islets).

These geographical feartures create a favorable environment for Kien Giang to expand its economic exchanges with regional countries, linking provinces in Mekong Delta to outside.
Kien Giang has rich, diversified natural resources. Especially, the land fund potential for developing the cultivation of many valuable crops.
Kien Giang’s limestone and clay reserves are fairly big, enough for the construction material sector to develop in order to meet the demands of the province and the Mekong Delta area.
Kien Giang has rich, diversified sea resources, favorable for farming, catching, processing and exportation of sea products.
Kien Giang has many big islets and islands with beaches, scenic beauty, and historical relics good enough for developing tourism.
Kien Giang has convenient environment for investment, particularly in the Ha Tien border pass economic zone (4.400 ha) and the Duong Dong border pass economic zone (1,600 ha).

  New opportunities
In the 2001- 2010 period, the VietNamese economy is forecast to obtain a rather high growth rate of 7- 8% per year. This continuously improving investment environment creates a strong foundation for Kien Giang’s development
Vietnam has already joined ASEAN, AFTA, and APEC , and is ready to enter the WTO creates favorable conditions for Kien Giang to expand its exportation market and import advanced technology.
Our State has prioritized the development of the Mekong Delta, and initiated some big economic programs such as an offshore fishing investment program, and the East sea and Islands programs. These new programs allow Kien Giang to develop in relation with neighboring provinces and key economic regions.

  Restrictions and challenges in development
Kien Giang’s geographical position creates one disadvantageous factor : being located far from Southern key economic regions, and big cultural- economic centers like Ho Chi Minh city and, and bordering Cambodia with its complicated terrain, Kien Giang must pay much attention to social security, and peace and order protection.
The province’s technical infrastructure (such as transportation, electricity, water, and communication,…), investment support activities, and production still shows much weakness and shortcoming, and does not meet the demands of developing industry sectors residential services.
Agriculture currently is the provincial key economic sector, mainly concentrating in rice monoculture, and not focusing on developing trees of high economic value. Because of slow change in the structure of agricultural interior, animal husbandry is less developed. Selection activity, processing, trading of plant seeds, and animal husbandry do not meet the need of the Province.
Breeding, exploiting, and processing aquatic products is the provincial strength, but due to the weakness in material facilities and management level leading to exploitation value, processing, and exportation are not high and stable, and are not meeting their potentials.
Most of enterprises in the province are small in scale. Technical and technological levels of agro- fishery processing establishments and construction material production is still low and outdated.
The quality of human resources is low, the level of people’s education is not high. Human resources in scientific and managerial does not meet the projected demand of the development period both in quality and quantity.

 New challenges:
Kien Giang needs to undertake strong developmental steps in order not to be left behind in comparison with provinces and regions nationwide, especially in the categories of foreign trade, tourism, social culture, remote area development, frontier, and islands.
Because our country has joined regional and international economic organizations, it is required to decrease taxes and open its market in order to be suitable to the process of integration. Therefore, enterprises and provincial products must be upgraded in their competitiveness to guarantee continued domestic share and expanding exportation.
Country’s industrialization- modernization process and the enhancement of competitiveness in the economy require developed scientific- technical level. Therefore, there is an increasing need in creating human resources.