Choose reasonable growth, according to local practices
The “double-digit” growth target is considered suitable for local realities. And once chosen, it is an “order” that must be implemented at all costs. Localities will have to mobilize all resources to maximize development plans and economic growth.
Chairman of the Provincial People's Committee Le Van Dung requested departments, branches and localities, depending on their functions, to prioritize strongly promoting economic growth, accelerating and breaking through investment promotion, and building effective mechanisms to attract large-scale, high-tech FDI projects.
Timely grasp and handle difficulties and problems of enterprises, simplify administrative procedures to speed up the progress of investment projects, attract new industries and fields, high technology (investment in airports, seaports, semiconductor chips, artificial intelligence...).
This growth “campaign and strategy” has been different. Traditional growth drivers will be improved and renewed. Specifically, public investment disbursement will be accelerated from the beginning of the year. This sector will lead and activate social investment.
Difficulties and obstacles in each project will be quickly resolved. Progress in implementing strategic transport projects, airports, seaports, inter-regional and inter-provincial projects will be accelerated. There will be more solutions to stimulate consumption.
Promote production, ensure adequate supply of demand, avoid shortages and supply disruptions, especially for essential goods. Develop e-commerce and new effective business models. Link production, distribution and consumption.
Develop tourism in a professional, modern and effective direction, increase promotion to attract international and domestic tourists. Strengthen trade promotion, make the most of opportunities from signed free trade agreements. Expand and effectively exploit new markets, support businesses to meet new standards of export markets.
New growth drivers, suitable to local realities, including projects and programs that have a major impact on local socio-economic development according to the Prime Minister's and the National Assembly's conclusions, will be given top priority. Advantageous industries, especially the processing and manufacturing industries, will aim to improve productivity and competitiveness.
Establish a number of tourism service centers with high-quality, branded tourism products. Unblock, mobilize and effectively use resources from the real estate market. Completely resolve backlog projects.
Review, classify and propose solutions to remove obstacles, put into use soon, and free up resources. Promote the formation of regional and global supply chains through business linkages (state, private and FDI).
According to Chairman of the Provincial People's Committee Le Van Dung, the government will develop and issue mechanisms and policies to create development, mobilize resources to the maximum, and create new development space. Increase investment in large, focused, and key projects that have spillover effects, create momentum, and promote socio-economic development.
Resolutely overcome the situation of scattered, ineffective investment. Reduce the number of intermediaries, end the situation of prolonging the processing time through many agencies and units through decentralization, decentralization and administrative procedure reform...
Waiting for execution results
There is still a lot of room for local economic development. There are many supports and driving forces for growth.
According to the Director of the General Statistics Office, Le Quy Dat, the economy will have more support. Consumption will increase. Enterprises will find orders and can re-enter the market. Disbursement will not stop at a low level, helping the economy absorb capital.
Production support policies have been effective, creating favorable conditions for businesses to boost production activities and meet market demand.
Industrial production, including processing and manufacturing, has clearly recovered. Tourism and services are vibrant. Agriculture, forestry and fishery maintain stable growth, ensuring supply and contributing to stabilizing the local economy... There may be many challenges, but it will also open up opportunities for local economic recovery and development.
The growth target cannot be precisely identified, but there is enough basis for expectation when many positive factors appear. In January 2025 alone, the allocated investment capital reached 87% (VND 7,264 billion/VND 8,312 billion) and was required to disburse 100% of the total investment capital when the investment year ends.
Total state budget revenue is estimated at VND 2,526 billion, reaching 10% of the estimate (VND 25,000 billion), up 22% over the same period in 2024. Total import-export turnover reached 350 million USD, up 31.4% over the same period (of which export turnover reached 177.21 million USD, up 43.9% and import turnover reached 172.79 million USD, up 20.64%).
258 more enterprises have joined and re-entered the market. Capital from banks will not be limited, as Mr. Pham Trong - Director of the State Bank of Vietnam, Quang Nam branch, affirmed that the banking system will provide enough capital for the economy, without limit.
According to a survey of 80 processing and manufacturing enterprises by the General Statistics Office, the production and business trends of enterprises in the first quarter of 2025 compared to the fourth quarter of 2024 are quite optimistic, with 27.5% forecasting an increase in production volume, 55% of enterprises forecasting stability, and only 17.5% of enterprises forecasting a decrease.
The non-state enterprise sector is the most optimistic with 29.1% predicting a better production and business situation. This rate is 26.1% in the foreign-invested enterprise sector and 100% of state-owned enterprises predict stable production.
The increase in production volume was in key industries (motor vehicle manufacturing, textile garment manufacturing, etc.). The number of enterprises forecasting an increase in the number of new orders increased by 25%, 52.6% of enterprises maintained a stable level, only 22.4% of enterprises reported a decrease. The number of export orders was forecasted by 21.2% of enterprises to increase, 57.7% to remain stable, and 21.2% of enterprises to have a decrease in the number of export orders.
According to Mr. Le Quy Dat, these forecasts show that the production situation of enterprises has gradually stabilized, they are proactive in finding new orders, increasing production...
Mr. Nguyen Quang Thu - Director of the Department of Planning and Investment, said that Quang Nam's economic growth depends on the value of public investment, industrial growth, tourism, especially Truong Hai. Truong Hai will expand investment in many projects. If the locality disburses well, as required, and opens up resources, businesses develop production and investment, the economic growth rate will be easily achieved.
Source: https://baoquangnam.vn/kich-hoat-tang-truong-kinh-te-quang-nam-huong-den-muc-tieu-2-con-so-3148797.html
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