Tay Ninh province speeds up socio-economic development
On October 1, the 39th meeting of the Tay Ninh Provincial Party Committee for the 2020-2025 term took place to outline strategies to boost socio-economic development in the fourth quarter of 2024 and beyond.
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Chairman of the People's Committee of Tay Ninh Province, Nguyen Thanh Ngoc, highlighted that by the third quarter of 2024, the province's economy showed positive and comprehensive progress, with a notable growth rate of 7.2 percent, above the national average.
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| Tay Ninh province speeds up socio-economic development. (Source: VNA) |
The industrial and service sectors saw double-digit growth, while tourism revenue rose over 41 per cent. The province's exports also increased by 12.8 per cent compared to the same period in 2023. Although public investment disbursement remained below expectations, it was still higher than the national average. The province ranked 15th out of 63 provinces and centrally-run cities in attracting investment and was among the top 10 with the lowest poverty rates in the country.
Ngoc emphasized that Tay Ninh needs to maintain momentum to achieve the economic growth target of 6.5-7 percent for the last quarter to fulfill the whole year's goal. The province is building key infrastructure and developing its industrial and service sectors to drive future growth. However, challenges remain, such as the predominance of small and micro-enterprises and a shortage of skilled workers.
The province also faces several limitations, including delays in implementing critical projects and low public engagement with the national public service portal. Additionally, complicated and sophisticated fraud crimes have become more prevalent in the region.
Nguyen Thanh Tam, Secretary of the provincial Party Committee and Chairman of the provincial People’s Council called for a realistic assessment of these challenges to be improved. He urged the entire provincial Party Organisation to implement solutions and meet or exceed the set targets, focusing on laying a strong foundation for economic and social development in 2025 and the future.
Tam also stressed the urgency of speeding up public investment disbursement to meet the province’s commitments to the government. He instructed administrations at all levels and sectors to ensure that key projects are carried out on schedule, with regular inspections and proactive settlement of problems to facilitate faster disbursement in the final three months of 2024.
Furthermore, Tam requested increased accountability from contractors and investors who fail to adhere to the approved timelines. He encouraged greater transparency in investment management and called for active efforts to attract investment into industrial zones and support the development of local enterprises.
Districts and cities of the province must also focus on improving the quality of rural development, avoiding unsustainable practices, and ensuring long-term results.
Tam also asked for great attention to organizing Party Congresses at all levels, emphasizing the importance of objectively summarising achievements and challenges from the current term. This will serve as the basis for drafting resolutions and development plans for the next term, focusing on Party-building efforts and socio-economic development.
By the end of Q3 2024, the province had made significant progress in addressing obstacles, supporting businesses, and fostering economic growth. The province's gross regional domestic product (GRDP) was estimated at 45.72 trillion VND (1.85 billion USD), up 7.2 per cent year-on-year. Public investment disbursement reached nearly 2.3 trillion VND by September 30, achieving 54.3 per cent of the target set by the Prime Minister and 53.4 per cent of the provincial People’s Council's plan.
The province’s total state budget revenue reached 9.3 trillion VND, equivalent to 84.1 per cent of the estimate and up 14.6 per cent compared to last year.
All nine districts, townships, and cities in the province achieved budget revenues of at least 75 per cent of their targets. Local budget expenditures totaled nearly 7.7 trillion VND, equivalent to 68.9 per cent of the plan, an increase of 8 per cent year-on-year.
Domestic investment reached nearly y 6.1 trillion VND, or 49.6 per cent of the figure in the same period last year, while attracted foreign investment was estimated at 280 million USD, equivalent to 42.9 per cent of the figure in the same period last year. The province issued 597 new business registration certificates with a total capital of more than 6.3 trillion VND.
(Source: VNA)
