Many difficulties and challenges
The General Statistics Office forecasts that economic growth will shift in a positive direction from the third quarter of 2024. The majority of businesses assess the market as showing promising signs. Up to 30.7% of surveyed businesses predict that production in the third quarter of 2024 will be significantly better than in the second quarter of 2024. Nearly 30% of businesses forecast an increase in the number of new orders.
According to Le Quy Dat, Director of the Statistics Department, while it's not possible to significantly boost GRDP growth in the short term, the locality still has many pillars for economic development. The plan to disburse public investment capital during this period will impact growth in several sectors such as steel, construction materials, and machinery.
The strongest growth is projected to occur in the fourth quarter of 2024. Public investment will be a crucial lever to boost economic growth as key projects are completed and put into operation.
Quang Nam 's plan for the next six months is to accelerate the disbursement of public investment capital, speed up land clearance, and expedite the construction progress of key projects and works.
We are determined to reallocate the 2024 capital plan from projects that are unlikely to disburse funds or whose disbursement is not progressing as planned, to supplement projects with high disbursement rates and a need for additional capital, ensuring compliance with regulations...
Most importantly, it is crucial to understand the specifics of production and business activities, create favorable conditions, remove difficulties for businesses, and support businesses in finding markets for their products.
Chairman of the Provincial People's Committee Le Van Dung said that businesses are facing many difficulties. The real estate market is stagnant. Many businesses have no production orders. How can the economy develop? Construction businesses lack building materials. Investors are not showing any inclination to invest in the locality. Many construction projects cannot be carried out...
According to Chairman of the Provincial People's Committee Le Van Dung, if these obstacles and bottlenecks can be removed, the economy will thrive. The government and management agencies from the provincial to local levels need to quickly identify the causes, propose solutions, and demonstrate stronger determination in the coming period in order to hope to lift the economy out of its difficulties.
Proposing growth strategies
Delegates at the meeting highly appreciated the local economic management efforts; however, more specific solutions are needed to boost the economy in the remaining months of 2024.
According to Mr. Nguyen Van Dieu, Deputy Chief of the Provincial People's Council Office, solutions are needed to remove difficulties for real estate businesses and other manufacturing and business enterprises by removing institutional obstacles under local authority, such as approving land use plans, administrative reform, addressing land shortages, and implementing policies to support businesses and subsidize loan interest rates to promote the private economy.
The number of businesses continuing to leave the market is likely to continue, preventing the economy from overcoming its difficulties.
Mr. Nguyen Duc, Head of the Economic and Budget Committee of the Provincial People's Council, believes that it is necessary to closely monitor the activities of businesses, identify key and specific tasks to overcome difficulties, and create favorable conditions for them to recover production and transform their production and business models accordingly.
Promoting the development of the construction industry, increasing the proportion of the industrial and construction sectors in the economic structure, and contributing to overall economic growth in the last six months of the year.
According to the analysis, public investment is considered the main driver of growth, leading and attracting other resources. Total public investment in 2024 is over 7 trillion VND and may increase further.
The government has allocated over 92% of the funds; simply disbursing all the capital for projects could boost growth. However, this is not easy, as currently only about 20.8% has been disbursed.
Vice Chairman of the Provincial People's Committee Tran Anh Tuan advised investors and localities to choose projects and works that have sufficient land available to invest capital.
"Each specific program and project must have an implementation plan, defining the timeline, roadmap, and responsibilities according to resource needs. Otherwise, the capital will not be fully utilized. How will we create momentum for economic growth?" - Mr. Tuan said.
Chairman of the Vietnam Fatherland Front Committee of the province, Le Tri Thanh, said that the most important thing is to come up with solutions for the last six months of the year to address the long-standing "bottlenecks" that have remained unresolved.
Implementing the planning and projects based on the Prime Minister's conclusions will be a long-term endeavor, but in the short term, it must address issues related to real estate projects, tourism, OCOP products, and the disbursement of public investment, as well as overcoming the shortage of construction materials for projects.
According to Mr. Le Tri Thanh, on August 1, 2024, three laws will simultaneously impact real estate projects: the Land Law, the Construction Law, and the Real Estate Business Law.
It is necessary to quickly focus on resolving the issues for projects that have been stalled for a long time; slow handling will harm the local economy, affecting not only tax revenue but also economic growth.
The solution involves creating new tourism products to attract domestic tourists, minimizing the situation where there are too many OCOP products that are fragmented, small-scale, scattered, and lacking in quality, making them unsuitable as marketable goods. This also prevents the situation where, even if the market accepts orders, there is no supply available.
"Whatever the solution, it must be implemented quickly in order to sustain economic growth and create momentum for the economy in the subsequent period," Mr. Thanh said.
Source: https://baoquangnam.vn/giai-phap-nao-de-quang-nam-thuc-day-tang-truong-kinh-te-3137799.html
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