The People’s Committee of Thanh Hoa province recently held its regular meeting for August 2024. According to the information presented at the meeting, the province’s economy continued to thrive in August, with notable developments in various sectors. Agriculture remained stable, with the area of cultivation for the autumn-winter crop exceeding the planned target. There were no outbreaks of plant or animal diseases. During the month, 500 hectares of concentrated forests and 100,000 scattered trees were planted. The estimated aquatic production for August reached 18,900 tons, a 2.1% increase compared to the same period last year.
The province’s industry sector continued to flourish, serving as the main driver of economic growth. The industrial production index (IPI) for August increased by 4.1% compared to the previous month and a significant 25.5% surge compared to August 2023. Mining industry witnessed an increase of 11.72%, while the manufacturing industry rose by 26.21%. Electricity, gas, hot water, steam, and air conditioning production and distribution increased by 18.52%, and water supply, waste treatment, and disposal activities rose by 5.42%. Overall, for the first eight months of 2024, the industrial production index of Thanh Hoa province surged by 17.5% compared to the same period in 2023.
Out of the 19 main industrial products of Thanh Hoa, 17 recorded an increase in production compared to the previous year. Some products with significant growth include motor gasoline, which increased by 97.4%, benzene by 86.9%, tobacco by 71.7%, solid sulfur by 55.2%, paraffin wax by 46.1%, fuel oil by 43.7%, iron and steel by 42.6%, sports shoes by 28%, and ready-made clothes by 26.1%. However, beer products faced challenges in consumption, with a 12.2% decrease compared to the previous month and an 8.8% drop compared to the same period last year. The small industry and rural industry products maintained stable production, and the quality and design of OCOP products have received increasing attention.
The power supply situation remained stable, ensuring sufficient electricity for production and daily life. The estimated electricity production for the month reached 1,106 billion kWh, a 16.3% increase, while commercial electricity reached 993 million kWh, a 25.1% surge compared to the same period.
Other sectors in Thanh Hoa also maintained a positive growth trajectory. Total retail sales of goods and service revenue increased by 17.3%, export value surged by 26.8%, goods transportation rose by 19.4%, passenger transportation increased by 18.8%, and transport revenue climbed by 14%.
The province also witnessed a vibrant tourism sector, with Thanh Hoa continuing to be among the country’s leading destinations. The total number of tourists in August was estimated at 1.12 million, a 21.5% increase compared to the same period, and tourism revenue reached VND 2,872 billion, a 32.2% surge.
State budget revenue for August was estimated at VND 4,065 billion, a 63.1% increase compared to the same period last year. For the first eight months of 2024, state budget revenue reached VND 37,939 billion, exceeding the estimate by 6.7% and a 43% increase compared to the same period in 2023.
The units and localities in Thanh Hoa have been actively implementing the plan for capital investment disbursement, focusing on removing obstacles and creating favorable conditions to accelerate the progress of public investment disbursement. As of August 18, 2024, the value of disbursed capital investment reached VND 7,208.3 billion, equivalent to 54.2% of the plan, which is 8.5% higher than the same period.
At the meeting, Mr. Do Minh Tuan, Chairman of the People’s Committee of Thanh Hoa province, emphasized the positive economic developments in August, attributing them to the proper guidance and management of the committee members. However, he also pointed out some emerging issues, including the outbreak of the streptococcus suis infection in the province, the lack of responsibility in handling tasks by a part of officials and civil servants in some provincial departments, the low disbursement rate of public investment capital in some districts and project managers, and the increase in traffic accidents in terms of the number of cases, deaths, and injuries.
Mr. Tuan instructed the Planning and Investment and Finance sectors to review the situation of public investment disbursement in some localities and firmly adjust the allocation of capital among localities. He emphasized the need to prevent delays in disbursement, which could affect the province’s overall performance. He also requested that the departments continue to review their advisory documents to identify and rectify any irregularities or inconsistencies with regulations.
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