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| Delegates at the regular meeting. (Photo: baoxaydung.com.vn) |
The Chairman requested localities and investors with low disbursement rates to focus on reviewing and speeding up progress; the province is ready to support and resolve difficulties and problems in the disbursement process.
Despite facing many difficulties, Bac Ninh’s economy still achieved some positive results. GRDP in the first nine months of the year grew by 3.55%, the industrial production index (IIP) increased by 8.1%, retail sales of goods and services soared by 8.9%, and state budget revenue surged by 21.5%.
The province also leads the country in attracting foreign direct investment (FDI) with nearly 3.47 billion USD in the first eight months of 2024, accounting for 16.9% of the country’s total investment capital. This figure is 2.94 times higher than the same period in 2023. With this result, Bac Ninh is currently leading the country in attracting FDI, surpassing other major provinces and cities such as Quang Ninh, Ho Chi Minh City, Ba Ria - Vung Tau, Hanoi and Hai Phong.
As of September 14, the whole province disbursed 2,435 billion VND (including extended capital), only 37.5% of the plan assigned by the province, 26.6% of the plan assigned by the Government and lower than the national average rate of 40.49%. This is considered a major bottleneck, affecting the province’s socio-economic development speed.
At the meeting, Chairman of the Bac Ninh provincial People’s Committee Vuong Quoc Tuan pointed out that the cause of this situation was the lack of proactive coordination between departments, branches and localities, as well as the limited capacity of some contractors.
Removing the bottlenecks in disbursement of public investment capital is an urgent task, of great significance to the development of Bac Ninh. Aiming to resolve the issues, Mr. Vuong Quoc Tuan requested localities and investors with low disbursement rates such as Thuan Thanh Town, Luong Tai, Gia Binh and Tien Du districts to focus on reviewing and speeding up progress of projects.
In addition, the province is also implementing solutions to improve the business investment climate, enhance competitiveness, reform administration and promote digital transformation.
With high determination, Bac Ninh aims to complete 17 planned targets in 2024. Departments, branches and localities are required to make maximum efforts and synchronously deploy solutions to achieve the set goals./.