Can Tho Chairman: Double-digit growth is a legal target

TPO - The leaders of Can Tho City People's Committee acknowledged that achieving double-digit growth this year is very difficult, but this is a legal target so it must be maintained and not changed. Although it is difficult, we must try and make great efforts in each field to contribute to the overall growth of the city.

This is the direction of Mr. Truong Canh Tuyen - Chairman of Can Tho City People's Committee - at the meeting on economic growth scenarios for the fourth quarter and the whole year, on the morning of October 16.

Can Tho discusses solutions to achieve double-digit growth this year, despite many difficulties.

Mr. Vo Nhut Quang - Deputy Director of Can Tho Department of Finance - said that the city's economic growth in the third quarter reached more than 7.2%, while the previous scenario set out to reach more than 11%. In the first 9 months, Can Tho City's growth reached nearly 7.4%, while the scenario had to be more than 9%.

Mr. Quang said that the 9-month GRDP growth rate was lower than the scenario, when the sectors with large contributions grew lower than the scenario, especially the industrial - construction and service sectors. While the agricultural sector exceeded the scenario, the proportion and added value contributed were small. Some other indicators that have an impact on growth such as public investment disbursement, budget revenue, credit, total retail sales of consumer goods and services, exports... have not met the scenario. Private investment growth has not been as expected, attracting non-budget investment and FDI capital is still limited (only 1 new FDI project was granted).

To ensure that the economic growth in 2025 reaches double digits as per the scenario (10.02%), Can Tho's growth in the fourth quarter must reach over 17%. Total investment capital in the area needs to reach an additional VND24,245 billion. Public investment disbursement needs an additional VND18,500 billion to reach 100% of the capital plan. Budget revenue needs an additional VND10,586 billion to achieve the target of increasing by 20% compared to the estimate...

Mr. Truong Canh Tuyen - Chairman of Can Tho City People's Committee - acknowledged the responsibility of departments and branches for the solutions implemented in the past time. However, with the growth rate of the past 9 months, the target of achieving double digits for the whole year is very difficult. In the fourth quarter, it is necessary to achieve growth of over 17% to ensure the target of double digits for the whole year is very difficult.

Can Tho City leaders are focusing on achieving the remaining two scenarios. Specifically, if the fourth quarter growth reaches over 12.7%, the whole year growth will reach 8.8%; if it only increases over 10.2%, the whole year growth will reach over 8%.

However, Mr. Tuyen noted that the double-digit growth scenario has been approved by the Standing Committee of the City Party Committee and the City People's Council, which is a legal target, so it will not change. Although it is difficult, we must try and make great efforts in each field to contribute to the overall growth of the city.

Chairman Truong Canh Tuyen spoke at the meeting.

Agreeing with the departments and branches on specific solutions, Mr. Tuyen also noted the problems in each economic region. Regarding agriculture, it is necessary to pay attention to high-tech agricultural models, circular economy, the 1 million hectare high-quality rice project, seafood export, etc.

In the industrial and construction sector, it is necessary to urge and speed up the progress of major projects such as O Mon thermal power plant, Lo B gas plant, Long Phu thermal power plant, real estate projects, and social housing.

“Promoting public investment and promoting consumption as a driving force for growth, many projects and works are still in disarray, need to be filtered to contribute to the overall growth of the city, closely coordinate, proactively advise, propose to remove difficulties... Completing 100% of public investment disbursement will be difficult, but we must try to achieve the maximum possible”, Mr. Tuyen requested.

To contribute to growth, Can Tho Department of Finance recommends ensuring construction progress, disbursement according to plan, and resolving difficult and stuck projects in October-November 2025 for key projects such as expressways, expansion of National Highway 91 (Km0-km7), Western Ring Road, key intersections, and Oncology Hospital. Focus on urging, promoting inspection and supervision of projects with capital scale of 50 billion VND or more to promptly remove difficulties and speed up the completion of disbursement tasks in 2025. Remove difficulties so that off-budget projects can soon come into operation.

Source: https://tienphong.vn/chu-tich-can-tho-tang-truong-2-con-so-la-chi-tieu-phap-lenh-post1787662.tpo