On November 21, the People’s Committee of Thanh Hoa province organized its regular meeting for November 2024. The draft report presented at the meeting highlighted that the province had achieved positive results in 2024, outperforming the same period last year, with many important indicators surpassing the set plans and ranking among the top in the country.
Panorama of the meeting
Specifically, according to preliminary statistics from the General Statistics Office, the provincial gross regional domestic product (GRDP) in 2024 is estimated to reach 11.72%, exceeding the target of 11% and ranking third in the country. Notably, state budget revenue in 2024 is estimated to reach more than VND 54,000 billion, the highest ever, ranking first in the North Central region and among the top 10 localities with the highest revenue in Vietnam.
Foreign affairs and investment promotion activities yielded positive outcomes. The province attracted 102 projects (including 17 FDI projects) with a total registered capital of nearly VND 13,000 billion and USD 367.9 million, a 40% increase in the number of projects and a 10.9% rise in registered capital compared to the same period last year.
The province has been aggressively, flexibly, and effectively directing public investment activities. As of November 15, 2024, the disbursement of public investment capital managed by the province exceeded VND 10,000 billion, equivalent to 70.2% of the plan, which is 6.6% higher than the same period last year.
Despite the achievements, the report also pointed out challenges and limitations that need to be addressed promptly in the coming time. The application of high technology in agricultural production remains modest, and the province has not attracted many high-tech projects. Additionally, 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, is slow and fails to meet the requirements.
Mr. Do Minh Tuan, Chairman of the People’s Committee of Thanh Hoa province, speaking at the meeting
Mr. Do Minh Tuan, Chairman of the People’s Committee of Thanh Hoa province, requested that in December 2024, sectors and localities focus on reviewing and resolving difficulties and obstacles related to public investment projects, direct investment projects, projects using land and public assets, etc.
The Thriving Economy of Thanh Hoa
By addressing lingering weaknesses and constraints, and promptly resolving difficulties, the efforts have helped numerous economic sectors in Thanh Hoa Province maintain a steady growth trajectory.
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