The People’s Committee of Thanh Hoa province has just organized its regular meeting for November 2024. According to the information at the meeting, it is estimated that for the whole of 2024, 23 out of 25 key targets set by the Provincial People’s Council will be achieved and exceeded.

According to the preliminary assessment of the General Statistics Office, the growth rate of gross regional domestic product (GRDP) in 2024 of Thanh Hoa province is estimated to reach 11.72%, exceeding the plan of 11%, ranking third in the country. This includes: agriculture, forestry and fishery increasing by 4.31%; industry and construction increasing by 16.84% (industry by 20.09% and construction by 8.85%); services increasing by 8.51%; and tax on products increasing by 5.07%. The scale of GRDP (in current prices) in 2024 is estimated at 318,752 billion VND, ranking 8th out of 63 provinces and cities.

The industrial production index (IIP) in 2024 of Thanh Hoa province is estimated to increase by 19.25%; the output of key industrial products increased compared to the same period last year, such as: ready-made clothes up by 19.1%; sports shoes up by 27%; all types of gasoline up by 31.5%; cement up by 7.6%; all types of iron and steel up by 16.9%; electricity production up by 18.8%; and animal feed up by 8.2%…

Meeting Overview

Thanh Hoa’s import and export activities have increased strongly compared to the same period last year, with an estimated export value of 6,293 million USD, equivalent to 104.9% of the plan, up 23.4%, and an estimated import value of 10,042 million USD, up 20.3%.
The total number of tourists in 2024 is estimated at 15.3 million, exceeding the plan by 10.9% and up 22.5% compared to the same period, of which international visitors are estimated at 719,000, up 16.7%. Total tourism revenue is estimated at 33,815 billion VND, exceeding the plan by 4.4% and up 38% compared to the same period.

State budget revenue in Thanh Hoa is estimated at 54,341 billion VND, exceeding the estimate by 52.8% and up 25.9% compared to the same period, the highest ever, ranking first in the North Central region and among the top 10 localities with the highest revenue in the country.

So far this year, Thanh Hoa has established 3,107 new enterprises, equivalent to 103.6% of the plan and up 5.7% over the same period, ranking first in the North Central region and eighth in the country. Capital disbursement for public investment has always been among the top in the country; land clearance has exceeded the plan and is 1.2 times higher than the same period; and early site clearance has contributed to the completion of the 500kV power line project from Quang Trach to Pho Noi, in line with the Prime Minister’s directions.

Along with the achievements, there are still some limitations and shortcomings in Thanh Hoa, such as the limited application of high technology in agricultural production. Some key industrial products have low output compared to the plan and decreased compared to the same period, including: trucks, lubricating oil and grease, beer… While the number of tourists has increased significantly, the proportion of staying visitors is low.

Thanh Hoa has not yet attracted many high-tech projects, and the progress of some large and key investment projects in the province, as well as projects investing in the infrastructure of industrial parks and clusters, remains slow and has not met the requirements.

The leadership and direction in organizing the implementation of the 2024 public investment plan of some localities in Thanh Hoa has not been close and strong enough, and some consulting units, contractors and project management boards have poor capacity…

Thanh Hoa aims for a growth rate of gross regional domestic product in 2025 of 11% or higher, including: agriculture, forestry and fishery increasing by 3% or more; industry and construction increasing by 15% or more, services increasing by 8% or more; and tax on products increasing by 10% or more. GRDP per capita is expected to reach 3,750 USD or higher. State budget revenue is targeted at 45,492 billion VND or higher…

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