Focusing efforts on growth in the final months of the year.

Completed and operational hydropower plants have made a positive contribution to the growth of the industrial and construction sectors. (In the photo: The Muong Luan 2 Hydropower Plant, now completed and operational.)

In the first six months of 2024, the estimated growth rate reached 8.75%, but this was still 1.39 percentage points lower than the approved operational scenario (10.14%). Specifically, growth in Sector I (agriculture, forestry, and fisheries) was 2.19 percentage points lower than the scenario (scenario 3.91% - actual 1.72%); and in Sector II (industry and construction), growth was 7.74 percentage points lower than the operational scenario (scenario 13.74% - actual 5.9%).

In the final months of the year, Dien Bien province still has much room to boost economic growth, but also faces many risks, difficulties, and pressures. To achieve the GRDP growth target of over 10.5% and successfully implement the socio-economic development goals set for 2024, the Provincial People's Committee is focusing on directing the synchronized and effective implementation of tasks and solutions according to the resolutions and conclusions of the Party, the National Assembly, the Government, and the directives of the Prime Minister. Furthermore, it is decisively directing the implementation of 7 key tasks and 9 main groups of solutions outlined in the Program of Solutions for directing and managing the implementation of socio-economic development and ensuring national defense and security in 2024.

Disbursing public investment is a driving force for accelerating socio-economic recovery and development. This is because, among the growth drivers, public investment is the one that can be most proactively and strongly promoted. However, according to the Provincial People's Committee report, in the first six months of 2024, the disbursement rate of public investment capital is estimated at 32.8%. The target for disbursing the 2024 public investment plan is for the entire province to reach at least 95%. Therefore, on average, each month and each quarter requires an effort to disburse funds three times faster than the disbursement rate of the early months and quarters of the year.

Son Nhi Dien Bien Co., Ltd. is undertaking the project to relocate residents of Tham Huoi Deng village, Nam Nen commune (Muong Cha district).

To increase the disbursement rate of investment capital, from the beginning of 2024, the Provincial People's Committee has strengthened its direction and supervision of departments, agencies, and localities, considering this a key political task to create momentum for economic growth. In particular, Directive 2384/CT-UBND dated May 29, 2024, of the Provincial People's Committee on key tasks and solutions to accelerate the disbursement of public investment capital in the province has been implemented. As a result, the disbursement results have shown many positive changes.

In mid-March 2024, the disbursement rate was only over 12%; the entire province had 105 programs and projects that had not been disbursed (disbursement rate was 0%). By June 30th, the disbursement rate of public investment capital in the province had increased to over 32%, higher than the national average (over 30%); from 105 projects that had not been disbursed, only 15 projects remained (mainly projects related to investment, forest protection and development).

In the first six months of the year, Muong Ang district achieved a disbursement rate of 39% of the planned public investment capital, making it one of the units with the best disbursement rates in the province. In the remaining months of the year, the district strives to disburse 100% of the public investment capital, including: capital allocated for 2024 and capital carried over from 2023 to 2024.

Beekeeping model in Sam Mứn commune, Điện Biên district.

Mr. Ta Manh Cuong, Vice Chairman of the People's Committee of Muong Ang District, said: In the last six months of the year, the district will focus on urging investors to closely monitor the site, promptly resolve difficulties and obstacles in land clearance work, and accelerate the construction progress of projects. Acceptance testing will be conducted immediately after work is completed to finalize payment documents. The district strives to achieve a disbursement rate of over 60% of the 2024 capital by September 30th and over 70% of the extended capital by January 31st. The disbursement rate is expected to reach 100% by January 31st, 2025.

The total value of agricultural, forestry, and fisheries products in the province during the first six months of the year reached VND 1,203.14 billion, an increase of 1.72% compared to the same period last year, but still lower than the growth scenario of 2.19 percentage points (the scenario of 3.91%). In 2024, the agricultural sector aims to achieve a growth rate of over 3% compared to 2023.

Mr. Lo Van Cuong, Director of the Department of Agriculture and Rural Development, said: In the last months of 2024, the Department will focus on advising the Provincial People's Committee to direct the implementation of solutions to achieve the GRDP growth target for the agriculture, forestry, and fisheries sector. This includes focusing on accelerating the restructuring of the agricultural sector towards the development of commodity-based agriculture, forestry, and fisheries. The focus will be on key products and specialties of each locality, following a quality-assured, high-value supply chain linked to the construction of new rural areas in the 2021-2025 period, with a vision to 2030.

The people of Cha village, Quai Nua commune (Tuan Giao district) are implementing a macadamia tree planting project based on a production linkage model.

For the industrial and construction sectors, in the last months of the year, the Ministry of Industry and Trade focused on accelerating the progress of ongoing hydropower projects to bring them into operation in 2024. It also continued to create favorable conditions for large potential investors to survey and research the development of renewable energy projects such as wind power, biomass power, and hydropower, with a focus on the BCG Dien Bien 1 wind power project by Bamboo Capital Group in Dien Bien Dong district with a capacity of 175MW; and the Envision Nam Po wind power project by Envision in Nam Po district.

In addition, the province continues to effectively implement activities within the series of events for the National Tourism Year - Dien Bien 2024, especially the closing ceremony of the National Tourism Year Program, to attract domestic and international tourists. It also continues to improve the investment and business environment, attract investment resources, develop various economic sectors, and accelerate the implementation of key projects.

Source: https://baodienbienphu.com.vn/tin-tuc/kinh-te/217344/don-luc-cho-tang-truong-nhung-thang-cuoi-nam