Proposing many solutions to achieve growth targets

(VLO) Governor of the State Bank Nguyen Thi Hong led a Government delegation to have a working session with the People's Committee of Vinh Long province to promote production and business, public investment, import and export and national target programs. Thereby, she proposed many solutions for the province to achieve the set growth target.

Provincial Party Secretary Tran Tien Dung said that in the coming time, Vinh Long will continue to promote and unlock resources for business development.

Target growth of 8-8.5%

Mr. Dang Van Chinh - Permanent Vice Chairman of the Provincial People's Committee, reported on the situation of production and business, public investment, infrastructure construction and import and export in 2024.

Accordingly, the gross regional domestic product (GRDP) increased by 5.65%, reaching 100% of the Provincial People's Council's targets; import and export had the strongest growth rate with an increase of 25.85%. Other sectors such as industry-construction, consumer services, agriculture-forestry-fishery, tourism... all recorded growth from 13.8-14.4%.

Vinh Long is also recognized as one of the localities with strong growth in disbursement of public investment capital. By the end of 2024, the province had disbursed over VND 3,417 billion in public investment capital, supporting the completion of many key transport infrastructure projects at the provincial and regional levels in the Mekong Delta.

Total export turnover grew by 25.85% (reaching more than 1 billion USD) while the country's overall export turnover growth was about 14.3%.

In 2025, implementing the conclusions of the Central Committee, resolutions of the National Assembly and the Government on economic growth, specifically implementing Resolution No. 25/NQ-CP of the Government on growth targets for sectors, fields and localities to ensure the national growth target in 2025 reaches 8% or more, the province focuses on developing scenarios and solutions to achieve the growth target at 8-8.5%.

In which, strive to strongly develop all sectors of the economy, including: agriculture - forestry - fishery; industry - construction and trade - services.

According to the People's Committee's report, it is estimated that by the end of the first quarter, GRDP increased by nearly 8% over the same period. Of which, the agriculture-forestry-fishery sector increased by 3.2%; industry-construction increased by 17.41% and the trade-service sector increased by 9%.

Removing difficulties to achieve growth targets

At the meeting, representatives of departments, branches and business associations made many proposals and recommendations to remove difficulties in developing key infrastructure projects; promoting national target programs on sustainable poverty reduction, building new rural areas, eliminating temporary and dilapidated houses to support the poor; developing social housing and promoting the transformation of agricultural and rural economic models.

According to Nguyen Tan Thu, Chairman of the Vinh Long Province Young Entrepreneurs Association, the current capital demand of enterprises is very large, some enterprises want to expand their scale but the loan procedures are difficult. Therefore, enterprises propose that there should be a focal point for borrowing capital to ensure consistency, as well as favorable conditions for documents, disbursement, etc.

Meanwhile, Mr. Nguyen Van Thanh - Director of Phuoc Thanh IV Production - Trading Company Limited, said that currently, enterprises are facing difficulties in converting land use purposes due to many regulations and planning, leading to difficulties for enterprises to expand production scale.

In addition, as Vice Chairman of the Vinh Long Province Business Association, Mr. Thanh said that the province's transport infrastructure is relatively favorable but in general does not meet the needs of businesses, especially the development of logistics systems along major waterways such as the Co Chien River and Mang Thit River.

The delay in investing, upgrading and expanding National Highway 54 and National Highway 53 causes difficulties in transportation, increases costs and fails to attract investors, causing waste compared to potential.

The People's Committee of Vinh Long province also proposed to remove some difficulties related to policies for implementing commercial housing projects; priority policies and incentives for investment in the field of power transmission...

“In the coming time, the province will focus on implementing key projects. At the same time, it will propose to the State Bank to have faster general direction on procedures, interest rates, capital disbursement, etc., thereby creating momentum and development linkages,” said Provincial Party Secretary Tran Tien Dung.

Mr. Le Trung Thanh - Deputy General Director of Vietnam Joint Stock Commercial Bank for Investment and Development, emphasized always accompanying businesses in development.

Governor Nguyen Thi Hong highly appreciated the province's efforts in implementing solutions to promote socio-economic growth in 2025. She welcomed the province's positive and proactive spirit in determining specific goals such as striving to disburse 100% of public investment capital; having at least 12 new projects put into operation; having 100% of communes meet NTM standards...

Regarding the province's proposals and recommendations, State Bank Governor Nguyen Thi Hong said that from 2024 to present, the locality has had 11 recommendations to the Government and ministries and branches related to the fields of investment and construction; credit and interest rate policies; tax, fee and charge policies; and land use planning.

All these recommendations have been recorded and processed by the Central Government. Governor of the State Bank Nguyen Thi Hong directed relevant ministries and branches to record and process them according to their functions and tasks, removing difficulties for localities, enterprises and economic organizations in the area.

In addition, to create better support conditions for credit capital to serve socio-economic development, support Vinh Long province to complete macroeconomic goals and develop industries and fields with strengths.

Governor Nguyen Thi Hong directed the State Bank of Vietnam, Region 14 Branch, and credit institutions in the region to continue to coordinate well with local authorities, connect, record, and remove capital difficulties; grasp the production and business situation of economic organizations and enterprises to expand credit growth, especially credit for production, business, import and export, etc.

According to statistics from the State Bank, by the end of February 2025, the total outstanding credit balance of the province was estimated at VND 52,500 billion. Of which, credit for the agriculture, forestry and fishery sector accounted for about 27%; trade accounted for about 64%. Priority sectors were disbursed by credit institutions in the area with a high proportion. Specifically: disbursement for loans to rural agriculture was VND 28,000 billion; disbursement for loans to small and medium enterprises was over VND 6,500 billion with nearly 1,000 enterprises.

Article and photos: KHANH DUY

Source: https://baovinhlong.vn/kinh-te/202503/de-xuat-nhieu-giai-phap-thuc-hien-dat-muc-tieu-tang-truong-5516e41/