Vinh Long focuses on disbursing capital, maintaining stable economic growth

HOÀNG LỘC |

Vinh Long - Chairman of Lu Quang Ngoi People's Committee directs public investment, business development, and agricultural productivity improvement

Disbursement of public investment capital

According to a report from the People's Committee of Vinh Long province, the total state budget revenue in 10 months is estimated at VND18,281 billion, equal to 85.45% of the annual estimate.

The disbursement of public investment capital has been given strong attention and direction by all levels and sectors, regularly checking, assessing progress and promptly removing difficulties and obstacles.

Chairman of Lu Quang Ngoi Provincial People's Committee emphasized that the province will continue to mobilize all resources to ensure that public investment projects are implemented on schedule.

"The issue of site clearance must be completely handled; investors who are not determined need to be urged and reminded to ensure investment progress and efficiency," Mr. Ngoi directed.

Khu cong nghiep hien dai voi nhieu nha xuong dang hoat dong. Anh: Hoang Loc
Modern industrial park with many factories in operation. Photo: Hoang Loc

Mr. Ngoi requested sectors and localities to prioritize key projects on transportation infrastructure, irrigation and logistics, to promote production, the circulation of goods and attract investment inside and outside the province.

In the agricultural sector, the province has harvested more than 36,100 hectares of summer-autumn rice, accumulated to about 110,000 hectares, average yield of 5.4 tons/ha; autumn-winter rice area is 51,067 hectares. The area of crops reached more than 100,600 hectares, equal to 93.42% of the plan.

Livestock farming has developed stably, with a total of 1.52 million pigs and more than 23.4 million poultry. Mr. Ngoi affirmed that improving productivity and quality of agricultural products is a priority in the economic development orientation.

Effective business development

Also according to the report from the Provincial People's Committee, the industrial production index for the first 10 months is estimated to increase by 8.5% over the same period, of which the processing, manufacturing and mining industries all increased by 10%.

Trade and service activities continue to be vibrant; total retail sales of goods and consumer service revenue in October is estimated at VND199,900 billion, up 0.5% over the previous month and 19.57% over the same period.

Regarding enterprises, the province established 268 new enterprises in the month, 16 enterprises transferred from business households. In the first 10 months of 2025, the whole province established 2,381 new enterprises, an increase of 1.89 times over the same period, registered capital increased 1.28 times.

Grants 5 new domestic investment projects with a capital of VND 6,131 billion; accumulated 10 months of granting 32 new projects. The whole province currently has 882 investment projects in operation, with a total registered capital of VND 257,513 billion and USD 5,655 million, including 176 FDI projects.

Du an ha tang giao thong moi giup phat trien kinh te dia phuong. Anh: Hoang Loc
New transport infrastructure projects help develop the local economy. Photo: Hoang Loc

Chairman of Lu Quang Ngoi People's Committee requested sectors and localities to strive to achieve a growth rate of over 8% of the annual plan, continue to remove difficulties in implementing the 2-level government model, overcome the shortage of medical supplies and strengthen crime prevention, especially high-tech crimes.

Mr. Ngoi emphasized that Vinh Long will focus all resources, closely coordinate with businesses and sectors to ensure stable economic growth, improve people's lives and sustainable development.

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