Many targets exceed the plan
According to the Draft Political Report submitted to the 1st Khanh Hoa Provincial Party Congress, term 2025 - 2030, the average GRDP growth rate for the period 2021 - 2025 will reach 8.2%/year, higher than the target of 7.5%/year.
Export turnover of goods is estimated at 2.2 billion USD, exceeding the target by 2 billion USD. Total social development investment capital reached over 370.2 trillion VND, an average increase of 12.7%/year.
Domestic budget revenue in 2025 will increase by 2.2 times compared to 2020.
Poverty reduction has made a clear progress, the number of poor households by 2025 will decrease by about 77% compared to 2021, the poverty rate will be 0.85%. The two mountainous districts of Khanh Son and Khanh Vinh have been recognized as escaping the poor district.
However, the target of GRDP per capita in 2025 is only 114.2 million VND, not yet reaching the plan of 131.9 million VND.
As for the old Ninh Thuan province, it has also completed the socio-economic development targets for the period 2021 - 2025, with 15/18 targets achieved and exceeded the resolution.
GRDP per capita in 2025 is estimated to reach 113.7 million VND (compared to the target of 113 - 115 million VND).
Total social investment capital reached 105.9 trillion VND, exceeding the plan by 100 - 105 trillion VND. The average multidimensional poverty rate will decrease by 1.51%/year, to about 1.01% by 2025.
However, the locality still has 3 targets that have not been achieved: Average GRDP growth rate 2021 - 2025 reached 8.77% (target 10 - 11%/year); state budget revenue in 2025 is estimated at VND 5,500 billion (lower than target 6,400 - VND 6,500 billion); economic structure has not reached the orientation...
Towards a centrally-governed city by 2030
Khanh Hoa Provincial Party Secretary Nghiem Xuan Thanh emphasized that Khanh Hoa province is entering a new phase with the determination to grow the economy, collect the budget and average income per capita to continuously reach double digits in the next 10 years.
According to Mr. Nghiem Xuan Thanh, Khanh Hoa's goal is to become a centrally-governed city by 2030, or even sooner if conditions are favorable.
According to the orientation, Khanh Hoa identifies four development pillars: Industry, energy, tourism - services - logistics and high-tech agriculture.
In which, the marine economy is considered the foundation for growth. Power Plan VIII also determines that Khanh Hoa will have a capacity of 20,000 - 25,000 MW of electricity by 2030, mainly from clean energy.
In addition, two nuclear power projects in the area formerly under Ninh Thuan, now located in Khanh Hoa, have been approved by the Politburo and the National Assembly.
The advantage of deep-water waters that are less affected by major storms is a favorable condition for the province to develop high-tech aquaculture, opening up new directions in the local economic structure.
According to the provincial leaders, Khanh Hoa's new industrial plan is expected to expand the area to 60,000 hectares.
Currently, the total area of the province's industrial parks is only about 1,000 hectares, so there is still a lot of room for development and attracting investors.
The presence of many leading investors at this conference shows the special attraction of Khanh Hoa in the industrial sector.
Not only that, Khanh Hoa is the only province to simultaneously enjoy two resolutions of the National Assembly on specific policy mechanisms, helping to create a legal framework and an open mechanism, favorable for businesses and investors.
