Can Tho determined to achieve public investment disbursement rate of over 95% in 2024

That was the information given by the Standing Vice Chairman of the Can Tho City People's Committee, Duong Tan Hien, at the press conference for the second quarter of 2024, organized by the City People's Committee on the afternoon of July 29.

At the press conference, providing information on the socio -economic situation in the first 6 months of 2024, Permanent Vice Chairman of Can Tho City People's Committee Duong Tan Hien said that the city's economic growth rate is on an upward trend, in the first quarter of 2024, GRDP increased by 3.13%, in the second quarter it was 6.74% and the estimated GRDP in the first 6 months of the year increased by 5.73% over the same period.

Permanent Vice Chairman of Can Tho City People's Committee Duong Tan Hien chaired the press agency meeting in the second quarter of 2024

Some economic sectors and fields increased significantly compared to the same period: Total retail sales of goods and service revenue increased by an estimated 11.26%; industrial production index increased by 6.08%; export turnover of goods and service revenue was estimated at over 1.15 billion USD, up 7.12%; visitors and tourists increased by 11%; State budget revenue according to the agreed target reached over 5,900 billion VND, up 15.61%; banking activities continued to grow with total outstanding loans reaching 162 trillion VND, up 3.55% compared to the beginning of the year.

However, besides the positive aspects, the economic growth rate of Can Tho City has not met the planned requirements; the progress of completing the plan of some sectors and fields is still low (attracting non-budgetary investment, disbursement rate of investment capital, etc.); production and business activities of enterprises still face many difficulties, orders decrease, prices of materials and input materials tend to increase...

The Vice Chairman of the People's Committee of Can Tho City emphasized: "In 2024, the city sets an economic growth target of 7.5 - 8%. Identifying many difficulties and challenges, in the third quarter of 2024, the city will focus on implementing drastic solutions to boost economic growth, focusing on the three growth drivers of "investment, consumption and export". Directing to accelerate the progress of public investment projects and works, determined to achieve a public investment disbursement rate of over 95% in 2024; continuing to promote administrative reform, focusing on improving the investment environment, enhancing competitiveness, promoting investment attraction from economic sectors, along with increasing support, removing difficulties, and making recommendations for businesses...".

In addition, according to Mr. Duong Tan Hien, the city is interested in supporting and coordinating the implementation of non-budget capital projects such as: O Mon Thermal Power Plant II, III and IV; expressway projects through the city; VSIP Can Tho Industrial Park project, Aeon Mall project, Microprocessor Research Center and Electronic Microchip Factory...; focusing on effectively implementing the tasks in Decision No. 589/QD-TTg of the Prime Minister promulgating the Plan to implement the Can Tho City Planning for the period 2021 - 2030, with a vision to 2050...

Source: https://baodautu.vn/can-tho-quyet-tam-dat-ty-le-giai-ngan-von-dau-tu-cong-nam-2024-tren-95-d221079.html