Standing Vice Chairman of the City People's Committee Nguyen Thanh Binh reported on the city's socio -economic situation in the first 6 months of 2025 at the meeting.

Impressive numbers

In the first 6 months of the year, despite many difficulties and challenges, with the drastic and effective direction and management of the City People's Committee, all levels and sectors; together with the determination and efforts of the business community and all classes of people, the socio-economy achieved many positive results; the economic growth rate (GRDP) in the first 6 months of the year reached 9.39% (higher than the same period last year's increase of 6.35%), ranking 9th out of 34 provinces/cities nationwide and ranking 3rd in the region (after Da Nang city and Quang Ngai province).

The service sector grew quite well, up 9.43% (higher than the same period last year's increase of 7.14%), accounting for 51.4% of the economic structure; in which, tourism became the driving force for growth. In the first 6 months of the year, the number of tourists to Hue increased sharply, estimated at more than 3.33 million, up 71% over the same period; in which, international visitors were estimated at 1,162.7 thousand, up 41.6% over the same period; total revenue from tourism was estimated at 6,370 billion VND, up 59.2% over the same period.

The index of industrial production (IIP) in the first 6 months of the year increased by 17.5% over the same period; of which, the processing and manufacturing industry is estimated to increase by 16%; the electricity and ice production and distribution industry is estimated to increase by 42.9%. Industrial production has developed, continuing to be the main growth driver for the city's economy. Some main products have increased output compared to the same period: Automobiles of all kinds are estimated at 2,191 units, 12.9 times higher; gloves of all kinds are 6.7 thousand tons, 3.4 times higher; electricity production is 1,005.6 million kWh, up 62.6%; wood chips are 403 thousand tons, up 13.3%;...

Total state budget revenue in the area in the first 6 months of the year is estimated at VND 7,430 billion, equal to 60.1% of the estimate, equal to 47.1% of the target and up 26% over the same period. Specifically, domestic revenue is estimated at VND 6,645 billion, equal to 58.8% of the estimate, equal to 47.1% of the target and up 23.8% over the same period; revenue from import-export activities is VND 681 billion, equal to 64.9% of the estimate, equal to 52.4% of the target and up 33.5% over the same period; aid revenue and mobilized contributions are VND 103.6 billion, 15 times higher than the estimate, equal to 31.4% of the target, up 3.8 times over the same period.

Since the beginning of the year, the city has granted 19 new projects and adjusted the capital increase/decrease for 7 projects with a total registered investment capital of VND27,724 billion. In the first 6 months, 461 new enterprises were established, with a total registered capital of VND4,408.6 billion, an increase of 29.4% in quantity and 144% in capital compared to the same period.

In the first 6 months, public investment capital disbursement reached VND2,229 billion, reaching 50.9% of the plan assigned by the Prime Minister. Specifically, local budget capital disbursed VND1,718 billion, reaching 51.3% of the plan; domestic central budget capital disbursed VND492,664 billion, reaching 49.2% of the plan; foreign central budget capital (ODA) disbursed VND1.07 billion.

Industrial production continued to grow in the first 6 months. In the photo: Vehicle inspection process before leaving the factory at Kim Long Motor Factory

In the first 6 months of the year, the city has organized the groundbreaking ceremony for a number of large-scale investment projects to celebrate the 50th anniversary of the liberation of Hue City such as: Creanza high-tech quartz sand processing factory; Dat Phuong white pilot glass factory; Chan May Logistics Center; 2 social housing projects in An Van Duong urban area; Cristobalite material factory... with a total investment of about 6,000 billion VND.

Many large projects are being rushed to completion, such as: Investment in the construction of general - container terminals No. 4 and No. 5 of Vsico Chan May port; Construction of a factory to process sand and high-quality low-iron quartz powder; Pham Van Dong Trade and Tourism Service Complex; FPT Education Complex (currently implementing enrollment work at all levels); Hue International General Hospital...

Administrative reform has many positive changes, especially the investment and business environment has been significantly improved. The administrative reform index (PARINDEX) ranked 7th, up 10 places; the provincial competitiveness index (PCI) ranked 6th, up 2 places compared to the previous year, the 4th consecutive year in the top 10 nationwide.

Set a growth target of 10% or more

Entering the last 6 months of the year, the city will continue to monitor, urge, and synchronously, resolutely, and effectively implement the tasks and solutions of the Resolution of the City Party Committee and the City People's Council on socio-economic development tasks in 2025; focus on reviewing, analyzing, evaluating, and forecasting the domestic and international situation affecting the implementation of local tasks to proactively develop growth plans and scenarios, and promptly supplement appropriate solutions.

In particular, identifying new opportunities and new driving forces for growth, as a basis for building growth scenarios for the remaining quarters of 2025 to ensure scientific, reasonable, appropriate, and close to the practical situation, striving for an economic growth rate of GRDP in the last 6 months of the year of 10.5% or more, contributing to the completion of the economic growth target of 10% or more in 2025.

Continue to monitor and grasp the operational situation of industrial establishments to promptly remove difficulties and obstacles related to industrial production activities. Focus on urging, supervising and supporting the implementation of key projects, creating new capacity, increasing budget revenue and solving jobs for workers, especially projects that create breakthrough development momentum for the industry such as: Kim Long Motor Hue Production and Assembly Complex Project (phase 2, 3), Kanglongda Hue Factory Project (phase 2, 3), CARLSBERG Vietnam Brewery Factory Expansion Project; Creanza High-Tech Quartz Sand Processing Factory; Dat Phuong White Pilot Glass Factory; Chan May Logistics Center... Project to invest in construction and business of technical infrastructure of Gilimex Industrial Park; Saigon - Chan May Industrial Park and Duty Free Zone.

Tourism has made important contributions to the city's growth in the first 6 months of the year.

Coordinate the organization of festival events, cultural and tourism activities to create highlights to introduce and promote Hue city's tourist destinations, such as: Hue Culinary Festival for international exchange and National Chef Skills Competition 2025; organize domestic and international travel business delegations to survey destinations in Hue and the National Conference on Net Zero Tourism - Current Trends in Vietnam and the World; Health Care Tourism Week... Continue to innovate tourism promotion and advertising; promote tourism services for domestic and international visitors; increase the introduction of new destinations and tourism products. Promote the application of smart technology and digital transformation in the tourism industry.

Continue to implement solutions to promote the disbursement of public investment capital in 2025 according to Directive No. 32/CT-UBND dated December 27, 2024 of the Chairman of the City People's Committee, ensuring 100% completion of the plan. In particular, focus on monitoring and urging agencies, departments, branches, and investors to develop implementation plans and commit to disbursement progress for each task and project under the public investment plan in 2025; focus on urging, inspecting, and supervising investors and contractors to speed up procedures, promptly remove difficulties and obstacles, especially those related to site clearance, compensation, support, and resettlement to speed up the disbursement progress of public investment capital...

Regarding the socio-economic development plan, it is expected that at this session, the City People's Council delegates will discuss solutions and remove difficulties to promote development of 10% or more by the end of the year.
DUC QUANG

Source: https://huengaynay.vn/kinh-te/kinh-te-xa-hoi-6-thang-dau-nam-tang-truong-on-dinh-155702.html