Lao Cai Provincial People's Committee has just issued Report No. 304/BC-UBND on the socio -economic development situation in the first 6 months of 2024.
Accordingly, although the general situation of the whole country still has many difficulties, with high determination, the province's socio-economic situation has achieved many positive points:
Growth rate reached 5.62%, ranked 7th/14 northern midland and mountainous provinces and ranked 42nd/63 provinces and cities.
The economic scale reached 35,281 trillion VND (up 9.5% over the same period in 2023), ranking 4th out of 14 northern midland and mountainous provinces, and 44th out of 63 provinces and cities.
The economic structure continues to shift positively. The agriculture, forestry and fishery sector only accounts for a low proportion (13.44%); industry and construction account for 37.69%; services account for 38.76%...
In Lao Cai, tourism continues to play a key role in the economy. The number of visitors to tourist destinations in the first 6 months of the year increased sharply, reaching an estimated 4.14 million (equal to 48.67% of the yearly plan and up 9.63% over the same period).
In addition to the outstanding results, Report No. 304/BC-UBND also pointed out many limitations of this province: The scale of agricultural production is still small; the import-export balance has a very large difference (from 4-5 times); the progress of some key projects is still slow; the quality of education in ethnic minority and mountainous areas is not sustainable; natural disasters are complicated...
The report also shows difficulties in some industrial production sectors such as: mining and mineral processing; hydropower; development of industrial parks and clusters...
In particular, according to Lao Dong's private source, regarding land issues, in the first 6 months of the year, in Lao Cai, there was one project that had to stop production, which was the apatite mining project at Quarry 32 - Lang Cang 2 of Lao Cai Fused Phosphate Joint Stock Company.
Regarding financial imbalance, Vietnam - China Steel Company has requested to stop operating the Iron and Steel Factory from April 15, 2022, expected to resume operations on June 30, 2024, but has not been able to do so yet.
Carat Nam Thi Graphite Mine Joint Stock Company also requested to stop production due to outdated technology and product quality not meeting market demand.
Also related to Lao Cai Fused Phosphate Fertilizer Joint Stock Company, the company's fused phosphate fertilizer factory requested to stop operating from January 2024 due to lack of customers.
In addition, in Lao Cai, there are many other mining projects that are behind schedule, facing difficulties in waste disposal or are in the process of overcoming problems such as Sinh Quyen Copper Mine Branch, Ta Phoi Copper Joint Stock Company, DAP Joint Stock Company No. 2...
According to the report of Lao Cai Provincial People's Committee, the fact that a series of the above enterprises have stopped operating or stopped implementing projects has significantly affected the value of industrial production in the province, as well as the value of contributions to the local budget.
Source: https://laodong.vn/kinh-doanh/nhieu-doanh-nghiep-khai-khoang-dung-san-xuat-cong-nghiep-lao-cai-gap-kho-1368670.ldo
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