What solutions for Quang Nam to promote economic growth?

Delegates participate in discussion.

Many difficulties and challenges

The General Statistics Office forecasts that economic growth will change in a positive direction from the third quarter of 2024. Most businesses assess that the market is full of positive signals. Up to 30.7% of surveyed businesses predict that the production situation in the third quarter of 2024 will be much better than in the second quarter of 2024. Nearly 30% of businesses forecast an increase in the number of new orders.

Director of the General Statistics Office Le Quy Dat said that in the short term, it is impossible to push up GRDP growth rate strongly, but the locality still has many supports for economic development. The plan to disburse public investment capital at this time will impact the growth increase in some industries such as: steel, construction materials, mechanics...

The strongest growth is forecast to occur in the fourth quarter of 2024. Public investment will be an important lever to boost economic growth when key projects are completed and put into operation.

Businesses still face many difficulties.

Quang Nam's plan for the next 6 months is to promote disbursement of public investment capital, accelerate site clearance, and speed up construction progress of key projects and works.

Resolutely transfer the 2024 capital plan from projects that are unable to disburse or disburse on schedule to supplement high-disbursement projects and works that need additional capital plans to ensure compliance with regulations...

The most important thing is to grasp specific production and business activities, create all favorable conditions, remove difficulties for businesses, and support businesses in finding markets for their products.

Chairman of the provincial People's Committee Le Van Dung said that businesses are facing many difficulties. Real estate is at a standstill. Many businesses have no production orders. How can the economy develop? Construction businesses have no construction materials. Investors have not shown any tendency to invest in the locality. Many projects cannot be constructed...

According to Chairman of the Provincial People's Committee Le Van Dung, if these barriers and bottlenecks can be removed, the economy will be smooth. The government and management agencies from the provincial to local levels need to quickly find the cause, come up with solutions, and have stronger determination in the coming time to hope to help the economy escape from difficulties.

Chairman of the Provincial People's Committee Le Van Dung participated in the discussion.

Growth strategy

Delegates at the meeting highly appreciated the efforts in managing the local economy; however, more specific solutions are needed to boost the economy in the remaining months of 2024.

According to Mr. Nguyen Van Dieu - Deputy Chief of Office of the Provincial People's Council, there should be solutions to remove difficulties for real estate enterprises, other production and business enterprises through removing institutions under local authority, such as approving planning, land use plans, administrative reform, overcoming the lack of land for leveling, having policies to support enterprises, supporting loan interest rates to promote the private economy.

Accelerating investment progress and disbursing projects is one of the driving forces for economic development.

The number of businesses continuing to leave the market is at risk of not stopping, making it impossible for the economy to overcome difficulties.

Mr. Nguyen Duc - Head of the Economic - Budget Committee of the Provincial People's Council said that it is necessary to closely monitor the activities of enterprises, identify key and specific tasks to remove difficulties, create favorable conditions for them to restore production, and convert appropriate production and business models.

Promote the development of the construction industry, increase the proportion of the industrial-construction structure, and contribute to the overall economic growth in the last 6 months of the year.

Removing difficulties for businesses to promote economic development.

According to analysis, public investment is considered the main growth driver, leading and attracting other resources. Total public investment capital in 2024 is more than 7 trillion VND and can increase further.

The government has allocated more than 92%, and only needs to disburse all capital for projects and works to boost growth. But this is not easy, as the current disbursement rate is only about 20.8%.

Vice Chairman of the Provincial People's Committee Tran Anh Tuan recommended that investors and localities should choose projects and constructions that have enough space to bring capital to.

“Each specific program and project must have an implementation plan, defining time, roadmap, and responsibilities according to resource needs. Otherwise, it will be impossible to spend all the capital. What will be the driving force for economic growth?” - Mr. Tuan said.

Chairman of the Vietnam Fatherland Front Committee of the province, Le Tri Thanh, said that the most important thing is to come up with solutions for the last 6 months of the year to resolve the "bottlenecks" that have not been able to be untied for a long time.

Implementing the planning and projects from the conclusions of the Prime Minister will take a long time, but in the short term, it will be necessary to solve the problems of real estate projects, tourism, OCOP products and public investment disbursement, and overcome the shortage of construction materials for works and projects.

Chairman of the Vietnam Fatherland Front Committee of Nam Dinh province Le Tri Thanh discussed at the group discussion session.

According to Mr. Le Tri Thanh, on August 1, 2024, there will be 3 laws directly affecting real estate projects at the same time, including the Land Law, Construction Law and Real Estate Business Law.

It is necessary to quickly focus on removing obstacles for projects that have been stalled for a long time; if handled slowly, it will damage the local economy, not only reducing tax revenue but also reducing economic growth.

Solve and propose solutions to create new tourism products to attract domestic tourists, reduce the situation of too many OCOP products, but they are fragmented, small, dispersed, lacking quality, cannot become goods, avoid when marketing products, the market accepts orders but there are no goods to supply...

"Whatever the solution is, it must be implemented quickly to maintain economic growth and create momentum for the economy in the next period," said Mr. Thanh.

Source: https://baoquangnam.vn/giai-phap-nao-de-quang-nam-thuc-day-tang-truong-kinh-te-3137799.html