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Director of Nghe An Department of Planning and Investment: No adjustment of growth target, striving to achieve the highest level

Pham Bang DNUM_BAZAHZCACE 16:20

Director of the Department of Planning and Investment Pham Hong Quang said that to achieve the growth target according to the 2024 scenario of 8.5-9.5%, the growth rate in the third and fourth quarters must reach about 10%. This is a very high target with many challenges, but the Provincial People's Committee's viewpoint is not to adjust the target.

On the afternoon of July 10, continuing the working program of the 21st Session, the Provincial People's Council discussed in the hall.

Comrades: Thai Thanh Quy - Member of the Party Central Committee, Secretary of the Provincial Party Committee, Chairman of the Provincial People's Council, Head of the Provincial National Assembly Delegation; Nguyen Nam Dinh - Member of the Provincial Party Standing Committee, Permanent Vice Chairman of the Provincial People's Council; Nguyen Nhu Khoi - Member of the Provincial Party Executive Committee, Vice Chairman of the Provincial People's Council chaired and ran the session.

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The 21st session of the 18th Nghe An Provincial People's Council, term 2021-2026, held a discussion session in the hall. Photo: Thanh Cuong

At the discussion session, the meeting chairman asked the Director of the Department of Planning and Investment to clarify the reasons why the economy recovered and developed.
Slow development; growth rate of local and per capita products did not reach the set target; disbursement progress of public investment projects and projects under the national target program in particular is still slow.

Explaining and clarifying this issue, Director of the Department of Planning and Investment Pham Hong Quang said that in the first 6 months of the year, the gross regional domestic product (GRDP) growth rate is estimated to increase by 6.76%, ranking 3rd in the North Central region and 26th in the country, higher than the same period in 2023 (6.15%) and higher than the national average (6.42%).

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The comrades chaired and ran the meeting. Photo: Thanh Cuong

"This is a fairly positive result in difficult conditions. Growth in the second quarter was higher than in the first quarter. However, the growth rate is still low and has not reached the set plan of 8.7-9.7%," said Mr. Quang.

According to the Director of the Department of Planning and Investment, when setting the growth target in the Resolution of the Provincial Party Congress for the 2020-2025 term, the world and national situation had many advantages, so the spirit was very high.

However, in reality, there are many difficulties due to the impact of the Covid-19 pandemic; the world situation is unpredictable and complicated, greatly affecting the goals and growth rate of the country in general and Nghe An province in particular. From the beginning of the term until now, only in 2022 has the growth rate reached 9.08%, approaching the congress resolution.

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Director of the Department of Planning and Investment Pham Hong Quang explained and clarified the content that delegates were interested in. Photo: Thanh Cuong

Specifically, the Director of the Department of Planning and Investment said that the industrial and construction sector in the first 6 months of the year recovered strongly, achieving the highest growth rate, especially the industrial sector increased by 11.32%, but did not reach the scenario of 13.8-14%. The reason was that some key industrial products decreased.

In the agriculture and fishery sector, the growth rate reached 4.13%, although not meeting the scenario, it was close to the set target, maintaining a stable growth rate. However, this sector accounts for a low proportion in the economic structure, making it difficult to create a breakthrough to achieve the growth target.

The service sector grew by only 5.85%, while the target was 9.5-10%. This is the sector that has the greatest impact on the province's overall growth scenario.

In addition to service industries that maintained good growth momentum such as retail, accommodation, catering, and tourism, the reason for low growth was that many services experienced sharp declines and negative growth such as air transport, telecommunications, education, and real estate business...

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Provincial People's Council delegates attending the meeting. Photo: Thanh Cuong

Director of the Department of Planning and Investment Pham Hong Quang emphasized that the view of the Provincial People's Committee is not to adjust the growth target, to focus on directing strongly in the last 6 months of the year to strive to achieve the highest level, continuing to create a foundation to carry out common tasks according to the term.

To achieve the growth target of 8.5-9.5% in the 2024 scenario, growth must be around 10% in the third and fourth quarters. This is a very high and challenging target.

On the general growth trend of the world economy, in the coming time, industries and localities will continue to proactively remove difficulties for businesses, promote production and business activities; based on the three main driving forces: consumption, investment, export; strongly improve the investment and business environment, support FDI projects to come into operation in 2024 to supplement production capacity.

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Local leaders attending the meeting. Photo: Thanh Cuong

In addition, focus on removing obstacles, speeding up disbursement of public investment, especially the 3 National Target Programs; speeding up the implementation of key projects to put them into operation according to the set schedule.

Regarding public investment disbursement, the province's results in 2023 reached over 95%. From the beginning of 2024, the Provincial People's Committee has proposed many solutions to speed up the disbursement of public investment capital.

In particular, completing the capital allocation plan in March; promptly issuing many directive documents; establishing 1 provincial-level working group and 2 department-level working groups; organizing a meeting to accelerate public investment disbursement from the beginning of the year; developing a plan and committing to disbursement progress.

With that solution, by June 30, the disbursement result reached 38.52%, higher than the same period in 2023, higher than the national average (29.39%). However, some capital sources, especially the National Target Program source, are still slow.

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Local leaders and representatives of sectors attended the meeting. Photo: Thanh Cuong

In addition to objective reasons, the subjective reason is due to the great pressure of disbursement in 2024. Projects implemented in mountainous areas with complex terrain, frequent natural disasters, difficult transportation... greatly affect the implementation progress.

In addition, some projects carry out procedures under the authority of central agencies, so many projects are still stuck. The direction at the district level and the capacity of the project management team are still weak and lacking.

In the coming time, to achieve the goal of disbursing over 95% of public investment capital, the Director of the Department of Planning and Investment said that it is necessary to strengthen the role and responsibility of the heads of Party committees and authorities; assign and assign specific responsibilities to each individual according to the target by the end of the year.

Review and transfer capital for slow-disbursement projects, supplement projects with good disbursement; continue to promote administrative reform, handle obstacles and difficulties for projects; resolutely handle incompetent investors and contractors; advise the Provincial People's Council to select pilot districts to implement Resolution 11 of the National Assembly.

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Director of Nghe An Department of Planning and Investment: No adjustment of growth target, striving to achieve the highest level
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