By the end of 2024, all 22/22 socio-economic targets of Khanh Hoa province have met and exceeded the set plan. In particular, there are a number of important targets such as the total product in the province (GRDP) in 2024 is estimated to increase by 10.16% compared to 2023 (plan 8.1%), ranking 7th in the country; state budget revenue reached 20,438 billion VND, exceeding the estimate by 22.5%.
In addition, this is also the third consecutive year that the province has achieved a double-digit GRDP growth rate (over 10%) and maintained its position in the group of high-growth localities in the country.
Mr. Nghiem Xuan Thanh - Secretary of Khanh Hoa Provincial Party Committee assessed that the bright spot in the local socio-economic development in the past year was the economic restructuring in the right direction.
Accordingly, the locality focuses on shifting the economic structure into three areas: agriculture-forestry; industry-construction and trade-services.
In particular, Khanh Hoa has determined that in the future, it will focus on increasing the development proportion of areas 2 and 3, including industry-construction and trade-services. With the right shift, the growth rate and sustainability of the locality will be maintained.
Looking back over the past year, Khanh Hoa Secretary Nghiem Xuan Thanh assessed that never before has Khanh Hoa had such potential, opportunities, and luck for development as it does today.
To clarify this point of view, Mr. Nghiem Xuan Thanh cited that the planning of Khanh Hoa province approved by the Government has opened up new development space and positioned future goals.
In addition, the Central Government's mechanisms and policies for Khanh Hoa include Resolution No. 09 of the Politburo, Resolution 42 of the Government, and Resolution 55 of the National Assembly.
When Resolution 55 of the National Assembly was issued with special and superior policy mechanisms, it helped the "eagles" invest capital in Khanh Hoa. According to Mr. Nghiem Xuan Thanh, the locality also proactively built a set of criteria for selecting strategic investors.
In addition to the specific mechanisms and policies issued by the Central Government, Khanh Hoa has gradually synchronized its planning and transport infrastructure, such as the North-South and East-West expressways being covered; the construction of Van Phong airport is being promoted; the future high-speed railway is being completed before official construction.
Regarding the orientation in 2025 and the coming time, the Executive Committee of Khanh Hoa Provincial Party Committee has approved the orientation and policies for the new development period.
“Khanh Hoa will enter a decade of upgrading and development. We determine that from now until 2030, Khanh Hoa will be in the top 15 provinces and cities with the highest economic scale and per capita income,” said Mr. Nghiem Xuan Thanh, emphasizing that growth will be at double digits or higher.
These are economic growth rate (from 11-12%); budget revenue growth rate by 2030 of approximately 50,000 billion VND; investment attraction rate of nearly 700,000 billion VND for the period 2025-2030; average income per capita of over 180 million VND/person by 2030.
To achieve such growth, the locality will continue to restructure its economic sectors. In addition, Khanh Hoa always listens to recommendations from businesses to speed up administrative reform procedures, remove bottlenecks, difficulties and obstacles to unlock development resources.
According to Mr. Nghiem Xuan Thanh, the Provincial Party Committee has identified three strategic breakthroughs in development orientation. That is to focus on perfecting policy mechanisms, especially those related to attracting investors.
The second is digital transformation and administrative reform to increase the provincial competitiveness ranking index... Finally, it is to complete synchronous investment in strategic infrastructure development in terms of transport infrastructure and digital transformation infrastructure.
(Posted in the special publication of Lao Dong Mien Trung & Tay Nguyen Xuan At Ty)
