During the past 75 years, with steady steps, Vinh Phuc has moved quickly, getting closer to the sustainable economic and social development goals set by the Party, government and people of all ethnic groups in the province.
Despite many difficulties and challenges due to fluctuations in the domestic and international economic situation in recent years, with the proposal of many flexible, creative and synchronous solutions, the province's socio-economic sectors have achieved positive results, contributing to creating momentum and strong confidence to enter a new development stage with the whole country taking off.
The electronics and semiconductor industry has developed, contributing to the completion of the economic growth and budget revenue targets of the province (In the photo: Electronic circuit board production at BHFlex Vina Co., Ltd., Khai Quang Industrial Park). Photo: Chu Kieu
In 2024, thanks to the timely direction and management of the Provincial Party Committee, People's Council, and Provincial People's Committee, the effectiveness of economic development policies and solutions achieved positive results with 15/15 main targets reaching and exceeding the set plan.
In particular, the economy has overcome difficulties, the growth rate of each quarter is higher than the previous quarter. In particular, the province's GRDP increased from 7.5 - 7.8%, higher than the national average and achieved the planned target.
The scale of GRDP at current prices is estimated at about 172,000 - 173,000 billion VND, an increase of 8.8 - 9.3%; the average GRDP value per capita is estimated at 140 - 141 million VND/person/year, an increase of 7.5 - 8%, equivalent to an increase of about 9.8 million VND compared to the same period.
In January 2025 alone, industrial production in the province remained stable, and businesses proactively implemented plans from the beginning of the year. The province recorded many positive signals in investment activities, especially domestic projects (DDI).
As of January 15, the province had attracted 3 DDI projects (1 newly licensed project, 2 capital adjustment projects) with a total registered capital of over 160 billion VND, 10 times higher than the same period. The FDI sector had 7 licensed projects, including 1 new project and 6 capital adjustment projects with a total registered capital of 25.52 million USD, equal to 36.74% compared to the same period.
The processing and manufacturing industry continues to be prioritized for development with 7 investment projects, contributing to the realization of the goal of developing the province towards modern industry. Trade and services are bustling thanks to promotion programs, price stabilization and consumer stimulus on the occasion of Lunar New Year. People's demand for shopping and using services increases, contributing to boosting retail sales of goods and consumer services in the area.
The province's 2025 state budget revenue and expenditure estimates are built to ensure safety, sustainability and contribute to macroeconomic stability. In particular, it focuses on strengthening the mobilization, management, allocation and effective use of financial resources. At the same time, it tightens financial discipline and promotes socio-economic, cultural, environmental, national defense and security development.
In the overall economic picture, industry continues to affirm its leading role as the growth engine of the economy. From the beginning of the year, production and business activities of enterprises have been more positive as units have new orders and the market's demand for goods has increased. Particularly, the production of animal feed and garment has increased compared to the same period...
Regarding agricultural production, although the cultivated area is not large and is affected by the weather, by promoting the restructuring of the agricultural sector, applying scientific and technological advances, and innovating thinking from agricultural production to agricultural economic development... Vinh Phuc still affirms itself as a bright spot in the country in agricultural development, especially in winter crop production with increased productivity and output of most crops.
As of January 20, the whole province had completed harvesting major crops such as corn, sweet potatoes and vegetables; the progress of spring crop planting reached 7,451.1 hectares, of which the rice area reached 7,123 hectares, accounting for 95.6%, an increase of nearly 97% over the same period.
In the province, a number of safe vegetable and fruit production areas have been established according to VietGAP standards, with high economic value such as pumpkin, squash, tomato, chayote, melons of all kinds, developed in the direction of commodity production and some branded products and export products such as Lap Thach red-fleshed dragon fruit; chili peppers, pink bananas in Yen Lac district. Total output of fresh meat is estimated at 14,636 tons, up 14.67% over the same period; output of fresh cow's milk is 5.2 thousand tons, up 0.38%; output of poultry eggs is 73.6 million, up 3.5%.
During its 75-year journey, Vinh Phuc has paid special attention to social security and always put people at the center of development. All policies and guidelines issued are aimed at the people, the community's interests, and the development of the province and the country.
Confidently entering the new year 2025 with the expectation of a breakthrough for sustainable development, Vinh Phuc has proposed many effective solutions for socio-economic development in the new period, striving for double-digit economic growth.
Accordingly, the Provincial People's Committee has proposed 9 groups of tasks and solutions for implementation. The focus is on effectively and substantially implementing tasks and solutions for socio-economic development according to resolutions and conclusions of the Party, State and Government, programs and plans of the Provincial Party Committee and Provincial People's Council to maintain stability and promote economic growth, creating new momentum to promote production and business development.
Regularly innovate investment promotion and attraction activities; accelerate the disbursement of public investment capital; comprehensively develop cultural and social fields; strictly manage resources and protect the environment.
Effectively carry out the work of reorganizing the organization, apparatus, and administrative units at all levels according to the regulations of the Central Committee. Ensure national defense, security, order, and social safety and prepare well for the organization of Party Congresses at all levels for the 2025-2030 term, confidently entering a new era of the country.
Thanh An
Source: https://baovinhphuc.com.vn/Multimedia/Images/Id/123552/Nang-cao-chat-luong-tang-truong-kinh-te-phat-trien-ben-vung
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