Khanh Hoa economy grows comprehensively

According to forecasts, the socio-economic situation of Khanh Hoa province in 2024 will continue to have double-digit growth. All sectors and fields will achieve and exceed the set plan, maintaining the highest growth rate in the country and being the third consecutive year with high growth.

According to the report of the Provincial People's Committee, in the 11 months of 2024, the province's socio-economic situation continued to achieve many positive results, with growth in many areas compared to the same period last year. In particular, the industrial production index (IIP) increased by 29.87%; total retail sales of goods and consumer service revenue increased by 13.26%; total import and export turnover is estimated at nearly 3.2 billion USD, up 13.95% (exports reached 1.88 billion USD, up 17.51% and imports reached 1.3 billion USD, up 9.21%)...

Production at Khatoco Garment Factory

It is forecasted that by the end of 2024, all 22/22 socio-economic targets of the province will reach and exceed the set plan; including a number of important targets, for example, the total product in the province (GRDP) in 2024 is estimated to increase by 10.16% compared to 2023 (target: 8.1%); State budget revenue is estimated at 20,073 billion VND (target: 16,687 billion VND), up 11.6% and exceeding the plan by 20.3%; the poverty rate reduction (according to the multidimensional poverty standard 2022 - 2025) is estimated at 0.77% (target: 0.48%)... With the forecasted growth, this is the third consecutive year that the province has achieved double-digit GRDP and maintained its position in the group of localities with the highest growth in the country.

During the year, the province also completed the planning documents and plans for implementing the provincial planning for the period 2021 - 2030, with a vision to 2050, and continued to direct reviews and appropriate adjustments; public investment disbursement was directed with high determination; the work of ensuring security, order and social safety was carried out regularly, and response to natural disasters and floods was proactively deployed. The fields of culture, education and health continued to be focused on; national defense and security continued to be maintained.

Export cargo transportation at South Van Phong General Port.

In addition, the province continues to pay great attention to social security. During the year, the Provincial People's Committee has implemented the School Milk project in Khanh Son and Khanh Vinh districts for the period 2024 - 2030; all children in nurseries (from 12 to 36 months old), preschool children (from 3 to 6 years old) in kindergartens, preschools, and private independent classes in the two districts are given with milk 5 times/week, each time 1 box of sterilized fresh milk with sugar for 9 months/school year (except 3 summer months). The total cost to implement this project is more than 61.53 billion VND (the provincial budget supports 75%, the winning milk supplier supports 25%). Along with that, the province also implements a policy of supporting 100% of tuition fees for preschool children, high school students, and continuing education students studying at public educational institutions in the 2024-2025 school year in the province.

According to Le Huu Hoang - Permanent Vice Chairman of the Provincial People's Committee, in 2024, with the comprehensive, close and timely leadership of the Provincial Party Committee and the supervision and support of the Provincial People's Council, the Provincial National Assembly Delegation, agencies, units and localities in the province have continued to make efforts and resolutely direct and operate in all areas of work; therefore, the province's socio-economic situation continues to maintain high growth momentum compared to the previous year. To achieve this result, from the beginning of 2024, the Provincial People's Committee has directed departments, branches, sectors and localities to resolutely deploy and synchronously implement the Government's resolutions, continue to remove difficulties for production and business, effectively implement the program for socio-economic recovery and development; promote the restructuring of the industrial sector towards increasing the proportion of processing and manufacturing industries and reducing the proportion of processing and assembly. Focus on removing difficulties for large-scale industrial projects in the area and continuously organize investment promotion in countries with developed economies to create momentum for socio-economic development in the following years.

In order to strive for the economic growth rate to achieve the forecasted results, creating favorable momentum to enter 2025, creating a solid premise to complete the goals of the 18th Provincial Party Congress and prepare firmly for the new term. From now until the end of the year, the Provincial People's Committee continues to request departments, branches, sectors and localities to pay attention to many key tasks. That is to review, accelerate progress, and be determined to achieve and exceed the socio-economic development targets and tasks in 2024 compared to the forecast; urgently deploy the arrangement of the apparatus of specialized agencies at the provincial and district levels, and streamlined public service units to operate effectively and efficiently after the conclusion of the Provincial Party Committee Standing Committee; ensure that the new apparatus comes into operation effectively and efficiently immediately, smoothly, without interrupting work.

In disbursing public investment capital and 3 National Target Programs, Khanh Hoa Province strives to complete the disbursement target at a rate of 95% or more in 2024 (by January 31, 2025); promotes the progress of important, key national and provincial projects; accelerates the progress, promptly put into effective use backlogged, stopped, and slow-progress projects to prevent loss and waste; focuses on resolving and removing difficulties and obstacles in project implementation, especially land valuation, compensation, resettlement, and site clearance.

In addition, the province promptly completes the approval of district planning projects (Khanh Son), zoning plans in Nha Trang City and Van Phong Economic Zone; completes the review of the current status of urban infrastructure to develop a project to classify urban areas and upgrade administrative units by 2030 for each locality; completes the construction of a statistical database to monitor and evaluates the results of implementing urban development indicators... The province continues to resolutely and synchronously implement tasks and solutions on administrative reform, Project 06 of the Government and improve the investment and business environment and digital transformation. The province focuses on reviewing and promoting the removal of difficulties, obstacles, "bottlenecks" and "knots" for socio-economic development.

NGUYEN TAN TUAN - Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee: After 11 months, the whole province has completed 22/22 targets for 2024. The goal in 2025 is that the province will focus on striving to complete the goals and targets for the 5-year socio-economic development period of 2021 - 2025 of the province according to Resolution No. 09 of the Politburo, Resolution No. 42 of the Government and the Economic Growth Plan of Khanh Hoa province for the period of 2021 - 2025 agreed by the Standing Committee of the Provincial Party Committee.

DINH LAM
Translated by T.T