Local authorities are striving to develop GRDP growth scenarios in order to achieve the "growth target" set by the Government. All of this is aimed at achieving a breakthrough for the economy in 2025.
Local authorities are striving to develop GRDP growth scenarios in order to achieve the "growth target" set by the Government . All of this is aimed at achieving a breakthrough for the economy in 2025.
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| Van Vina's manufacturing plant in Tan Quang Industrial Park ( Hung Yen ). Photo: Duc Thanh |
Local authorities are accelerating their efforts.
Not only Quang Ninh or Bac Giang, as previously mentioned, but 23 localities have developed GRDP growth scenarios for 2025, with growth rates 0.1-2.5 percentage points higher than the "growth target" assigned by the Government in Resolution No. 25/NQ-CP on growth targets for sectors, fields and localities, ensuring the national growth target for 2025 reaches 8% or higher.
According to the Ministry of Finance's report, among these, several leading localities have made significant contributions to the country's GDP growth, such as Quang Ninh (up 2 percentage points), Hai Duong (up 1.8 percentage points), Binh Duong (up 0.5 percentage points), and Ba Ria - Vung Tau (up 0.1 percentage points)...
Several other localities also strived to achieve higher results than the targets set by the Government. Yen Bai set a target 2.3 percentage points higher, Thai Nguyen 2 percentage points higher, Hue 1.5 percentage points higher, Hung Yen 1.7 percentage points higher…
"The government has set a GRDP growth target of 10.2% for the province, but Hai Duong is determined to achieve a growth rate of 12%," said Tran Duc Thang, Secretary of the Hai Duong Provincial Party Committee.
To achieve this figure, Hai Duong province has developed a growth scenario. Accordingly, in the first quarter of 2025, GRDP growth is projected at 11%; followed by growth of 11.8%, 13.7%, and 11.5% in the remaining quarters of the year, respectively.
Similarly, Vinh Phuc has set a growth target for 2025 at 10-11%, higher than the "growth target" assigned to the province by the Government (9%). "The main growth driver for Vinh Phuc continues to be the industrial sector, with a growth target of 12% to 14.5-15.5% (of which industry will grow by 15-16%). The service sector has also adjusted its target higher, from 9% to 10-11%," said Tran Duy Dong, Chairman of the People's Committee of Vinh Phuc province.
According to Mr. Tran Duy Dong, not only sectors and fields, but also localities in the province have reviewed input factors and adjusted growth targets. For example, Tam Duong district adjusted its target from 6.2% to 10%, and Binh Xuyen district from 13% to nearly 15%...
Currently, according to a report from the Ministry of Finance, all 63 provinces and centrally-administered cities have developed GRDP growth scenarios by industry level 1 and 3 economic sectors, as well as product taxes minus product subsidies, on a quarterly basis.
Of these, 40 localities had their GRDP growth targets set by the Provincial People's Councils at or above the targets set in Resolution 25/NQ-CP, thus eliminating the need for resolutions to adjust the targets. Meanwhile, 23 localities had their GRDP growth targets set by the Provincial People's Councils at a lower level than the targets set in Resolution 25/NQ-CP, but all of them have since issued resolutions to adjust their growth targets to align with the assigned targets.
Thus, all localities are ready to implement "growth-based contracting".
"Growth quotas" to drive economic breakthroughs.
Last weekend, Deputy Prime Minister Nguyen Chi Dung led a government delegation to work with Phu Tho province on the implementation of the 2025 growth scenario; solutions to overcome difficulties in production and business, investment and construction, and disbursement of public investment capital in the province.
To boost growth, Hai Duong has planned to increase the industrial sector's growth rate to 14.8%, with the commissioning of 81 projects outside industrial zones, 52 projects within industrial zones, accelerating the progress of 131 ongoing projects, and addressing 87 projects that are behind schedule. Simultaneously, the province aims to strengthen investment attraction, including a target of attracting $1 billion in foreign investment. 
Phu Tho is one of the localities where the Provincial People's Council has decided to lower its GRDP growth target for 2025 compared to the government's assigned target. The government has assigned the province a growth rate of 8% or higher, 0.5 percentage points higher than the province's own plan.
According to Mr. Bui Van Quang, Chairman of the People's Committee of Phu Tho province, after receiving the assignment from the Government, the province reviewed its resources, drivers, and new capabilities for growth and developed growth scenarios for each quarter, six months, nine months, and the whole year. "The review results show that the growth target of over 8% is well-founded and highly feasible. Phu Tho is confident it can achieve this goal," Mr. Quang said.
To achieve this growth, Phu Tho province has identified three main groups of tasks and solutions. These are: focusing on improving the investment and business environment, promoting the mobilization of resources for development investment; increasing the mobilization of capital for public investment; and coordinating the implementation of key projects in the province, such as the Lao Cai - Hanoi - Hai Phong railway line project (60 km passing through the province), Phong Chau bridge, and the Tuyen Quang - Phu Tho expressway connection project…
In addition, Phu Tho province has identified key areas for improvement, including removing obstacles to production, reviving traditional industries, and supporting ongoing investment projects to ensure their early completion and operation, thereby adding new capacity for growth. The province aims for a 12% increase in the processing and manufacturing industry by 2025.
According to data from the General Statistics Office (Ministry of Finance), Phu Tho is one of the localities with a high growth rate in the manufacturing industry's production index during the first two months of the year. Phu Tho's growth rate reached 48.5%. The figures for Bac Kan were 41.4%; Bac Giang 26.8%; Thanh Hoa 19.9%; and Quang Nam 19.5%.
Conversely, many localities saw a decrease in the manufacturing industry's production index in the first two months of 2025 compared to the same period last year. Specifically, Ha Tinh decreased by 11.1%; Ca Mau decreased by 4.6%, and Quang Ngai decreased by 0.5%...
Industrial production, especially manufacturing, has long played a key role in driving GRDP growth at the local and national levels. However, some localities are experiencing a decline in industrial production value.
According to the General Statistics Office, in the first two months of 2025, the industrial production index compared to the same period last year increased in 58 localities and decreased in 5 localities nationwide. Ha Tinh, Ca Mau, Bac Lieu, Gia Lai, and Ba Ria - Vung Tau are the localities with declining industrial production indices. This will certainly affect the GRDP growth of these localities in particular and the whole country in general. The main solution is to continue removing obstacles to production and business, promoting growth and development.
Accelerating the disbursement of public investment is also a solution chosen by most localities nationwide to achieve the GRDP growth target set by the Government. When localities accelerate their growth, the economy will break through.
Source: https://baodautu.vn/tang-toc-thuc-hien-khoan-tang-truong-d251475.html
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