Build flexible response scenarios
Implementing Conclusion No. 123 of the Party Central Committee on the Project to supplement socio -economic development in 2025 with a growth target of 8% or more; Official Dispatch No. 140, dated December 27, 2024 of the Prime Minister and Resolution No. 25 of the Government on growth targets for sectors, fields and localities to ensure the national growth target in 2025 reaches 8% or more... The Provincial Party Committee and the Provincial People's Committee have directed specialized agencies to develop the Economic Growth Scenario of Vinh Phuc province in 2025; issued Action Program No. 01 and Decision No. 209 on assigning tasks to strive to achieve the target of double-digit economic growth in 2025, with key groups of tasks, including: Specific growth scenarios for each quarter; assigning 9 main targets; 32 projects expected to go into production and business in 2025; 46 key projects need focused implementation direction; 48 projects behind schedule need to remove difficulties, obstacles and targets of each district and city.
On the basis of clearly identifying the main pillars for Vinh Phuc to achieve the target of double-digit economic growth, which are industrial development, public investment, attracting FDI capital flows, improving the investment environment and digital transformation, the Provincial People's Committee has assigned specific direction and management tasks to each leader of the Provincial People's Committee; assigned detailed targets and tasks to departments, branches, and localities such as: The Department of Finance takes the lead in coordinating with relevant departments and branches to remove difficulties and obstacles for businesses, increase budget revenue; The Department of Construction focuses on removing obstacles for 48 urban infrastructure investment projects and social housing projects that are behind schedule and slow to implement; The Department of Industry and Trade advises the Provincial People's Committee on the mechanism for developing supporting industries, high technology, and semiconductors; The Provincial Industrial Park Management Board strengthens management work, speeds up the construction progress of infrastructure in industrial parks; The Department of Science and Technology advises the Provincial People's Committee to deploy tasks and plans for extensive, comprehensive, and breakthrough digital transformation, especially building open mechanisms and policies, modern digital infrastructure, widespread digital economy, high-quality digital human resources, ensuring network security and safety...
Without any pause in implementing assigned tasks, each department, branch and locality has issued specific implementation programs and plans and regularly reported to the Provincial People's Committee on the progress of implementation. Thanks to that, after just over 2 months of implementing Decision No. 209 of the Provincial People's Committee, Vinh Phuc has achieved many positive results in socio-economic development. Notably, the awareness of cadres, party members, civil servants, public employees and people about the policies of the Party, the State and the province on the target of double-digit growth has been raised; the leadership, direction and implementation at many levels and branches have been more drastic and stronger...
According to the report of the Vinh Phuc Provincial Statistics Office, in the first 5 months of the year, the province's agricultural production was stable, with many agricultural outputs and products increasing compared to the same period, creating a premise for the first 6-month growth of the agriculture, forestry and fishery sectors to reach or exceed the set growth scenario (up from 1.2 - 1.6%). Regarding industrial production, although the industrial production index increased by nearly 14.4% over the same period last year, compared to the target of the economic growth scenario in Decision No. 209 of the Provincial People's Committee, it was still at a low level. The reason is that key industrial production sectors such as automobiles, motorbikes, electronic components, textiles, etc. all had low growth rates due to low consumer demand and competition with imported vehicles and vehicles using electric motors. Many large enterprises producing electronic components for large US corporations such as Dell, Google, Amazon, etc. were affected by the new US tariff policy. This makes it difficult to reach the industry's revenue target for the second quarter of 2025, which must increase by over 27%.
With the construction industry, from the determination in directing, operating, removing bottlenecks and barriers for projects and the continued increase in residential construction trends, it is expected that in the first 6 months of the year, the construction industry will achieve the target of the economic growth scenario of increasing from 8 - 10%. As for the trade and service industry, from policies to stimulate consumption and stabilize the market, it is expected that the growth rate of the entire industry in the first 6 months of the year will increase from 7.6 - 9.0%, achieving the set target.
Analyzing the solution to achieve double-digit economic growth, Mr. Nguyen Hong Phong, Head of the Vinh Phuc Provincial Statistics Office, said: In the first quarter of 2025, Vinh Phuc's GRDP increased by 8.75%, so to achieve the economic growth target of 9.7 - 11% in the first 6 months of the year, Vinh Phuc must achieve economic growth of over 10.5% in the second quarter. In the context of the unpredictable world economic situation and the domestic economy facing many difficulties and challenges, it is very difficult for Vinh Phuc province to achieve the set economic growth target, especially for the industrial production sector - the pillar of the economy.
Proposing immediate solutions, Mr. Nguyen Hong Phong said that the Provincial People's Committee needs to strengthen leadership and direction of departments, branches and localities to closely follow developments in the world situation, and develop flexible response scenarios when the US officially applies reciprocal tariffs on goods imported from Vietnam. Continue to improve the investment environment, especially reform and simplify administrative procedures; strengthen the removal of difficulties and obstacles for production and business development; research and have support policies for the automobile and motorbike manufacturing industry; closely monitor the operations of enterprises that contribute greatly to the State budget in order to effectively exploit revenue sources and prevent State budget losses.
Resolute solutions for budget collection
Regarding the task of collecting the State budget, comrade Le Van Phuc, Deputy Head of the Tax Department of Region VIII, said: By synchronously implementing solutions, it is estimated that in the first 6 months of the year, the total budget revenue in the province reached 15,322 billion VND, equal to 56.7% of the target assigned by the Provincial People's Council and 47.7% of the growth scenario target. Of which, domestic revenue is estimated at 14,967 billion VND, equal to 68% of the assigned target and 57.8% of the growth scenario target.
According to the analysis of the Tax sector, Vinh Phuc achieved this result because the province implemented the policy of extending tax and land rent payment, issued 3 months earlier than in 2024, so the tax amount extended in the first 6 months of the year was higher than the same period. In particular, a number of large enterprises that are major contributors to domestic revenue continued to overcome difficulties and develop. Typically, Honda Vietnam Company contributed more than 2,640 billion VND; Toyota Vietnam Company contributed more than 2,320 billion VND; Sunny Automotive Company paid more than 134 billion VND; Asia America Industrial Joint Stock Company paid more than 227 billion VND...
Regarding customs tax collection, it is estimated that in the first 6 months of the year, the Customs Branch of Region I has collected 2,600 billion VND in taxes, equal to 52% of the target assigned by the Provincial People's Council, equal to 42.4% of the striving scenario. With this situation, in the last 6 months of the year, the Branch will have to carry out the task of collecting about 2,400 billion VND compared to the target assigned by the Provincial People's Council and about 3,400 billion VND compared to the striving target, equivalent to collecting about 466 billion VND per month. With this momentum, it is expected that by 2025, the unit will complete the task of collecting customs tax according to the target assigned by the Provincial People's Council at about 108% and the striving target is about 93%.
For localities, although there is not much time left from now until the dissolution of district-level administrative units, from clearly identifying budget revenue as a key task, making an important contribution to increasing the province's state budget revenue, districts and cities have synchronously deployed solutions, including prioritizing a group of solutions to increase revenue from taxes, fees and land use fees from important projects. At the same time, ensure resources to promptly implement expenditure tasks, strive to complete assigned tasks before the deadline for implementing the 2-level government model. For example, in Lap Thach district, as of June 6, the total budget revenue in the area reached 1,562/1,731 billion VND, equal to 90% of the estimate; of which, state budget revenue reached 569 billion VND, an increase of 88% compared to the estimate; budget transfer revenue was 937 billion VND; source transfer revenue was 56.67 billion VND.
According to Mr. Le Van Phuc, the task of budget collection will face many difficulties and challenges because the operating time of districts and cities is not much left. Therefore, to achieve and exceed the total budget revenue in 2025 of VND 27,026 billion, of which domestic revenue reaches VND 22,026 billion, the Provincial People's Committee needs to closely monitor the operation situation and promptly take measures to remove difficulties and obstacles for enterprises, especially 50 enterprises that have made large contributions to the province's domestic revenue. At the same time, the province needs to promptly issue a land price list as a basis for localities to organize auctions of land use rights, generating revenue from land. Promote digital transformation in all activities; improve credit quality, focus credit on production, business, and priority areas according to the Government's policy; effectively exploit revenue sources, and prevent loss of state budget revenue.
Determined to achieve economic growth of 10-11% as per the proposed scenario, the Provincial People's Committee requested departments, branches, sectors and localities to continue to effectively implement Action Program No. 87 of the Provincial Party Committee Standing Committee and Decision No. 209 of the Provincial People's Committee to exploit driving forces and clear bottlenecks. Focus on reforming administrative procedures, improving the investment and business environment; removing difficulties and obstacles in compensation and site clearance; speeding up the construction progress of works and projects, especially key projects, infrastructure projects of industrial parks, and social housing projects.
Along with that, regularly grasp the production and business activities of enterprises to provide maximum support, create necessary conditions for enterprises to expand consumption markets, promote production, create the main driving force for the industry to achieve the set scenario goals, contributing to increasing budget revenue. Along with that, innovate investment promotion activities, ensure the supply of electricity, water, traffic infrastructure, logistics... to meet the development needs of enterprises.
Strengthen trade promotion activities, diversify import and export markets in conjunction with improving product quality, and deeply participate in regional and global supply chains. Timely implement tax and fee policies to support people and businesses to quickly restore production and business; accelerate the implementation of credit programs, especially the bank-business connection program; strengthen training and develop high-quality human resources; promote the application of science and technology and innovation in businesses.
Binh Xuyen disbursed public investment capital reaching over 330 billion VND
In 2025, the total planned capital for public investment in Binh Xuyen district assigned from the beginning of the year and additional allocation is more than 800 billion VND, including capital extended from 2024 to 2025. Of which, the provincial budget capital is nearly 76 billion VND; the district budget capital is more than 590 billion VND, the rest is the commune budget capital. Implementing solutions to accelerate the disbursement of public investment capital, up to now, the whole district has disbursed more than 330 billion VND, reaching more than 41% of the total planned capital assigned, including the district budget capital of more than 310 billion VND, the commune budget capital of more than 20 billion VND. According to the analysis of the People's Committee of Binh Xuyen district, the disbursement results of public investment capital in the area are not high, mainly because the 2024 Land Law has many regulations on compensation, support, and resettlement compared to the 2013 Land Law, so many projects have to re-implement the land recovery notification process, the process to determine specific land prices; some projects have encountered difficulties in site clearance, so there is no land for construction.
In addition, in 2025, the People's Committee of Binh Xuyen district was assigned by the province to collect more than 200 billion VND from the auction of land use rights, but so far the land auction has encountered difficulties, the total amount collected by the district has only reached more than 23 billion VND. Therefore, a number of district- and commune-level projects as investors, although having completed the volume, have not been able to disburse because the revenue from the auction of land use rights is low, not ensuring the disbursement of capital...
Source: https://cand.com.vn/doi-song/vinh-phuc-khoi-thong-cac-diem-nghen-de-tang-truong-kinh-te-dat-2-con-so-i771760/
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