Điện Biên creates an impression with rapid economic growth rate

ĐBP - The regular Government meeting for September 2026 took place on October 3 under the chairmanship of Prime Minister Lê Minh Hưng, assessing the socio-economic situation for September and the third quarter of 2026, the allocation and disbursement of public investment capital, the implementation of national target programs, the direction and administration of the Government and the Prime Minister, and focal tasks requiring prioritized direction in the coming period.

The meeting was organized in person at the Central bridge point and connected online to provinces and cities nationwide.

Attending the conference at the Điện Biên provincial bridge point were Secretary of the provincial Party Committee Trần Tiến Dũng, leaders of the provincial People’s Council and provincial People’s Committee, alongside provincial departments, boards, and sectors.

Assessments at the meeting indicated that national GDP growth in the third quarter reached 9.95%, and for the first nine months achieved 9.01%, the highest since 2011. The index of industrial production (IIP) for the first nine months rose by 12.1–12.2%, marking the highest pace in many years. Services expanded positively, while agriculture, forestry, and fishery production remained fundamentally stable. Total import-export turnover in the first nine months reached USD 888 billion, up 30.4%; in September alone, the trade balance reversed to a trade surplus of USD 1.27 billion following several months of deficits. International visitor arrivals over the first nine months reached approximately 17.7 million, up 14.5%. Registered FDI capital was estimated at nearly USD 50.4 billion, surging 76.4%. Public investment capital disbursement in the first nine months reached nearly VND 643,000 billion, equivalent to 63% of the plan, which was over VND 202,000 billion and 12.9% higher than the same period in 2025. Private investment in the third quarter reached VND 671,000 billion, rising nearly 15%; total social development investment capital in the third quarter reached VND 1.3 quadrillion, up 16.7% year-on-year.

Điện Biên delegates attend the meeting virtually.

Điện Biên created an impression with a third-quarter GRDP growth rate reaching 11.67%. Agriculture, forestry, and fishery production remained fundamentally stable; flagship crop areas, particularly coffee and macadamia, continued to expand. Industrial production increased by 15.7%; total retail sales of consumer goods and services reached approximately VND 25,837 billion, up 16.87%. Import-export turnover reached USD 120.97 million, rising 21.84%. Tourism welcomed approximately 1.272 million visitor arrivals, up 18.31%, with tourism revenue estimated at VND 2,307 billion, up 18.19%.

Total social development investment capital reached more than VND 15,520 billion, an increase of 27.41%. The province approved investment policies and approved project information for 16 projects with a total registered capital exceeding VND 28,045 billion, including 3 FDI projects capitalized at VND 14,005 billion. Province-wide, there were 266 newly registered enterprises with total registered capital of over VND 1,916 billion. Public investment disbursement up to September 30 was estimated at over VND 3,400 billion, reaching 68.87% of the plan assigned by the Prime Minister.

The domains of culture, society, education, healthcare, labor, employment, and social welfare continued to register positive shifts. Science, technology, innovation, digital transformation, and administrative reform were vigorously accelerated; national defense and security were firmly maintained; social order and safety remained stable; and external relations were stepped up.

During the final months of the year, Điện Biên continues to hold firm to its double-digit growth target, managing the fourth-quarter growth scenario with flexibility and determination, while regularly reviewing progress every month across each sector, domain, and locality. The province concentrates on tapping growth room from industry, construction, trade, services, tourism, and investment, while clearly analyzing root causes for unfulfilled indicators to implement solutions tied to the concrete responsibility of each agency and unit. Alongside this, the province strives to disburse 100% of the allocated central budget capital plan, focusing on resolving bottlenecks for backlog projects, handling surplus public assets, and putting resources into active economic use early. The healthcare and education sectors continue to receive focused care to elevate service quality for the people.

At the meeting, leaders of ministries, sectors, and localities focused on discussions and proposed solutions for executing mandates in 2026. The core emphasis was placed on steadfastly maintaining the determination to achieve double-digit growth while maintaining macroeconomic stability and curbing inflation; promoting production and business; accelerating exports, imports, and domestic consumption; spurring investment and construction; refining institutions; improving the business and investment environment; accelerating science, technology, innovation, and digital transformation; and advancing culture, society, health, education, and environmental protection.

An overview of delegates attending the meeting at the Điện Biên provincial bridge point.

Concluding the meeting, Prime Minister Lê Minh Hưng emphasized that the final three months of the year represent a decisive sprint phase for fulfilling established goals and mandates. The Prime Minister requested ministries, sectors, and localities to assess conditions accurately, delineate growth room and developmental drivers clearly, and focus on decisively clearing bottlenecks with concrete, viable measures to create noticeable shifts in the fourth quarter and accomplish 2026 socio-economic development goals.

Key requirements include accelerating institutional finalization and guiding documentation; striving to disburse 100% of public investment capital plans; and ensuring the execution pace of key projects. Agencies must boost domestic market development, stimulate consumer demand, harness year-end tourism effectively, promote exports, and attract private and foreign direct investment to create fresh growth impetus. The Prime Minister instructed authorities to closely monitor price movements, guarantee the supply of essential commodities, and resolutely penalize speculation, hoarding, and smuggling, while driving science, technology, innovation, and digital transformation forward and resolving hindrances in these areas. Concurrently, administrative tiers must prioritize cultural and social welfare, reinforce national defense and security, and expand foreign affairs and international cooperation.

The Prime Minister requested ministries, sectors, and localities to stay close to evolving developments, regularly update growth scenarios, and pinpoint domains and localities lagging behind targets to deploy timely remedies in the fourth quarter, striving to attain the highest possible growth outcomes for 2026. The Prime Minister commended Điện Biên province for achieving an impressive growth rate in the third quarter despite inherent difficulties, noting that other localities must unlock developmental space to accelerate. Localities with high growth rates should continue leveraging outcomes and tapping fresh developmental momentum; localities falling short of goals must review and evaluate underlying causes, putting forward concrete, feasible measures. Ministries and central sectors must proactively update situational assessments and advise the Government and the Prime Minister on pivotal, fitting solutions, contributing to the effective fulfillment of socio-economic development goals for 2026.

Phạm Trung
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