Nghe An strives for economic growth of 9-10% in 2024

Striving for total export turnover of 3 billion USD

Nghe An Provincial People's Committee determined that 2024 is the fourth year of implementing the 5-year socio-economic development plan 2021-2025. 2024 is also a pivotal year, of special significance in successfully implementing the Resolutions of Party Congresses at all levels, including the Resolution of the 19th Provincial Party Congress.

Mr. Bui Thanh An, Vice Chairman of the Provincial People's Committee, said that Nghe An set a general goal of continuing to accelerate the implementation of action programs to implement Party Congresses at all levels to strive to achieve the highest goals and targets, especially low-achievement targets.

Synchronously deploy tasks and solutions to implement Resolution No. 39-NQ/TW of the Politburo, especially programs, projects and proposals that have been specified in action programs, complete proposals to submit to the National Assembly to issue resolutions on specific mechanisms and policies for the development of Nghe An province.

Focus on removing bottlenecks, difficulties and obstacles in investment, production and business to strongly promote growth associated with economic restructuring; develop key infrastructure; implement more drastically and effectively the disbursement of public investment capital and effectively implement the three national target programs.

Event - Nghe An strives for economic growth of 9-10% in 2024 — With a total area of 2,100 hectares upon completion, WHA IZ 1 Industrial Park - Nghe An will be a large industrial park with international standard infrastructure in the North Central region of Vietnam .

In the plan, Nghe An Provincial People's Committee sets out 28 main targets to strive for. Regarding economic targets: Gross Regional Domestic Product (GRDP) growth rate of 9-10%; Economic structure: Agriculture, forestry, and fishery about 21-22%; Industry and construction about 35-36%; Services about 42-43%.

State budget revenue of 15,854 billion VND; Total export turnover of 3,000 million USD; Total social development investment source of 106,000 billion VND; Average GRDP per capita of 62-63 million VND; Urbanization rate of 33%.

Reduce the poverty rate by 1.0-1.5%; The rate of schools meeting national standards is 78%; The rate of people participating in health insurance is 94%; 7 more communes meet new rural standards, 25 communes meet advanced new rural standards, 6 communes meet model new rural standards;...

To successfully achieve the above goals and targets, the Provincial People's Committee has set out 12 main groups of tasks and solutions. In particular, it is necessary to continue to effectively implement the tasks and solutions to implement the Resolutions of the 19th Provincial Party Congress and the 13th National Party Congress; Resolution No. 39-NQ/TW dated July 18, 2023 of the Politburo; Resolution No. 36/2021/QH15 of the National Assembly on piloting a number of specific mechanisms and policies for socio-economic development of Nghe An province.

In particular, focus on completing the development of specific mechanisms and policies to specify the implementation of Resolution No. 39-NQ/TW before June 2024; Effectively organize and implement the Nghe An Provincial Planning for the period 2021-2030, with a vision to 2050 in the province...

At the same time, focus on mobilizing all resources to effectively organize and implement the identified key and focal contents such as: Construction of Vinh International Airport, Cua Lo Deep-water Port, expressways, coastal roads, Quynh Lap LNG Project, etc.

At the same time, proactively and effectively implement solutions to promote the disbursement of public investment capital right from the beginning of the year, especially site clearance to implement investment projects; Speed up the implementation of 3 National Target Programs in the province. Focus on directing the implementation of procedures to resolve compensation for site clearance of National Highway 1A expansion projects to ensure that no complaints arise.

Event - Nghe An strives for economic growth of 9-10% by 2024 (Figure 2). — *Perspective of the entire VSIP Nghe An industrial park project in Hung Nguyen district.*

Nghe An province will also carry out diversified investment promotion activities in many ways, with focus and key points. Promote strong improvement of the investment and business environment; Thoroughly grasp the viewpoint of accompanying, facilitating, proactively removing difficulties and obstacles of investors in the process of investment research, project implementation and throughout the process of investment and business activities in the province... Continue to strengthen State management of suspended projects, projects behind schedule and projects using land for the wrong purpose in the province.

Improve the effectiveness and efficiency of State management, administrative reform, focusing on administrative procedure reform. Tighten discipline; improve the sense of responsibility, quality and efficiency of work of cadres and civil servants; Continue to review and rearrange the organizational apparatus, streamline the payroll and improve the quality of cadres, civil servants and public employees. Implement on schedule the Project on rearranging commune-level administrative units...

Striving to attract 20,000 billion VND of investment capital into the Southeast Economic Zone

Mr. Le Tien Tri, Head of the Southeast Economic Zone Management Board, said that the investment attraction results in 2023 exceeded the set plan, with new issuances including approval of investment policies/issuance of Investment Registration Certificates for 27 projects, with a total registered capital of over 35 trillion VND; adjustment of 56 projects, of which 18 projects adjusted to increase capital, with an additional capital of 6,578.6 billion VND.

Event - Nghe An strives for economic growth of 9-10% by 2024 (Figure 3). — *The* *proposed plan will turn Nghe An into an industrial province, a center of science, technology, and high-tech industry in the North Central region* .

The total newly granted and adjusted capital was VND 41,648.3 billion, exceeding the set target by 108% (the target for 2023 is to attract investment capital of VND 15,000 - 20,000 billion) and the registered investment capital increased by 37.0% over the same period in 2022.

Along with focusing on supporting the implementation of investment projects, land management, environmental protection; enterprise and labor management; administrative reform, digital transformation, improving the investment and business environment; implementing investment in infrastructure construction of economic zones, industrial parks and mobilizing investment capital sources have also received attention and achieved positive results.

In 2023, the total investment capital for infrastructure construction in economic zones and industrial parks is estimated at 1,687 trillion VND.

Event - Nghe An strives for economic growth of 9-10% by 2024 (Figure 4). — *Nghe An provincial leaders awarded the Investment Registration Certificate for the Sunny Automotive Vina Optics new facility investment project to Sunny Group. Photo: NA.*

Based on the analysis of favorable and unfavorable factors and task requirements, the Southeast Economic Zone Management Board strives to attract about 20-25 projects in 2024, with a total registered investment of VND 15,000 - 20,000 billion into the economic zone, of which FDI capital is about 700 million USD; establish 2-3 new industrial parks, with a scale of about 600 hectares.

In 2024, the Southeast Economic Zone Management Board will focus on implementing 3 key tasks: proactively preparing better and better for the province's "5 readiness" requirements, in order to attract investment; completing the goals set in 2024.

At the same time, effectively and synchronously deploy groups of tasks and solutions, such as planning zoning of industrial parks and functional areas in economic zones; mobilizing resources to invest in infrastructure of economic zones and industrial parks, ensuring clean land; improving the business environment, attracting investment, supporting key projects; improving the effectiveness of land management and environmental protection; strengthening state management, administrative reform, digital transformation; ensuring human resources for investors and businesses...

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