On the afternoon of March 20, Governor of the State Bank of Vietnam Nguyen Thi Hong led a Government delegation, including representatives of central ministries and branches, to work with the People's Committee of Vinh Long province to promote production and business, public investment, import and export, and national target programs in this locality.

At the meeting, representatives of departments, branches and business associations in Vinh Long province made many proposals and recommendations to remove difficulties in developing key infrastructure projects; promote national target programs on sustainable poverty reduction, new rural construction, elimination of temporary and dilapidated houses for the poor; develop social housing and promote the transformation of agricultural and rural economic models.

The difficulties raised by businesses and industry associations at the working session were mainly related to the impacts of drought, saltwater intrusion, riverbank erosion, and climate change.

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Governor Nguyen Thi Hong speaks at the meeting. Photo: An Ly.

The current situation of fragmented investment in many industries and fields also makes it difficult for the business community in Vinh Long to access preferential policies and priorities of the Government.

In addition, the People's Committee of Vinh Long province also proposed to remove some difficulties related to preferential policies and investment incentives in the field of power transmission and policies for implementing commercial housing projects. For example, difficulties in implementing agreements to receive land use rights or having land use rights but that land is not residential land.

Governor Nguyen Thi Hong highly appreciated the efforts of Vinh Long province in implementing solutions to promote socio-economic growth in 2025.

The Head of the Government's Working Group also welcomed the positive and proactive spirit of the Provincial People's Committee and departments and branches 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 new rural standards...

Regarding the proposals and recommendations of Vinh Long province, the Governor said that from 2024 to present, the locality has had 11 proposals to the Government and relevant ministries and branches in the fields of investment and construction; credit and interest rate policies; tax, fee and charge policies; and land use planning. All of these proposals have been recorded and processed by the Central Government.

The People's Committee of Vinh Long province also proposed a number of issues related to policies on building commercial housing, social housing and investment procedures for power projects...

As Head of the Government's inter-sectoral working group, the Governor directed relevant ministries and branches to take note and handle the matter according to their functions and tasks, removing difficulties for localities, businesses and economic organizations in the area.

In 2025, the Government assigned Vinh Long province to strive for GRDP growth of 8-8.5%. According to Mr. Dang Van Chinh - Permanent Vice Chairman of Vinh Long Provincial People's Committee, it is estimated that by the end of the first quarter of 2025, the GRDP of this locality will increase by nearly 8% over the same period; of which, the agriculture, forestry and fishery sector will increase by 3.2%; the construction industry will increase by 17.41% and the trade and service sector will increase by 9%.

Vinh Long is 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 3,417.7 billion in public investment capital, supporting the completion of many key transport infrastructure projects at the provincial and regional levels in the Mekong Delta.

Regarding import and export activities, Vinh Long has also been assessed as a locality with a fairly strong export growth rate in recent times. By the end of 2024, the total export turnover of this province increased by 25.85% (reaching about more than 1 billion USD) while the overall export turnover growth of the whole country was about 14.3%.