Economic growth in many provinces may decrease by more than 0.5%

PHẠM ĐÔNG |

The economic growth rate of many localities such as Hai Phong, Quang Ninh, Thai Nguyen, Lao Cai... may decrease by more than 0.5% compared to the forecast before storm No. 3.

On September 18, according to the Office of the Government, the Government has just issued Resolution No. 143/NQ-CP to urgently overcome the consequences of storm No. 3.

According to the Resolution, storm No. 3 caused serious and heavy damage to people, property, crops, livestock, and socio-economic infrastructure; greatly affecting the material and spiritual life of the people, production and business activities, especially agricultural production, services, and tourism.

Preliminary statistics as of September 17, 2024 show that 329 people have died or gone missing, about 1,929 people have been injured; about 234,700 houses, 1,500 schools and many infrastructure works have collapsed or been damaged; 726 dike incidents.

Over 307,400 hectares of rice, crops, and fruit trees were flooded and damaged; 3,722 aquaculture cages were damaged and swept away; nearly 3 million livestock and poultry died and nearly 310,000 urban trees were broken and felled...

Total property damage caused by storm No. 3 is preliminarily estimated at over VND50,000 billion, and is forecast to reduce the GDP growth rate for the whole year by about 0.15% compared to the growth scenario of 6.8-7%.

The economic growth rate of many localities such as Hai Phong, Quang Ninh, Thai Nguyen, Lao Cai... may decrease by more than 0.5% compared to the forecast before storm No. 3. Infrastructure systems, many essential works, and people's lives were damaged.

Social issues, especially health care, education, environment, rural clean water, urban clean water, employment, people's lives... need special attention, resource priority and quick implementation after storms and floods to stabilize people's lives.

The Government emphasized the urgent need to overcome the consequences of storm No. 3 (Yagi), quickly stabilize the people's situation, promote the recovery of production and business, actively promote economic growth, control inflation well, and continue to strive for economic growth of about 6.8-7% in 2024.

The goal is to ensure social security, prevent people from lacking food, clothing, housing, or clean water; and to quickly restore social activities to stabilize people's lives, especially in areas most severely affected by storms, floods, and landslides.

In particular, quickly restore production, supply, and labor chains, recover and develop production and business, maintain growth momentum, and recover localities and the economy in 2024.

Prepare well and be ready to respond to natural disasters, storms, floods, landslides, etc., especially in the last months of 2024 and early 2025.

Continue to promote savings, thoroughly save regular spending to reserve resources for social security, overcome the consequences of natural disasters, support people and invest in development. Resolutely speed up the construction progress of important, key national projects, inter-provincial, inter-regional, connecting the country, region and the world.

Ministries, agencies and localities direct contractors and construction units to inspect and review the current status of works under construction and construction machinery after the storm; dismantle, relocate or repair damaged structures, machinery and equipment; assess safety risks and have solutions to ensure safe resumption of construction.

PHẠM ĐÔNG
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