Điện Biên targets 10.5% GRDP growth in 2026

ĐBP - On the morning of Jan 5, under the chair of Lê Văn Lương, Deputy Secretary of the Điện Biên provincial Party Committee, Chairman of the provincial People’s Committee, the provincial People’s Committee met to agree on the draft growth scenario and the program and solutions for direction and administration in 2026. Accordingly, in 2026, Điện Biên province determined to strive for an ambitious gross regional domestic product (GRDP) growth target of 10.5%.

In 2025, the socio-economic development and national defense - security situation of the province achieved positive results with 21/26 main targets met and exceeded the plan assigned at the beginning of the year. The economic growth rate is estimated at 7.34%; the economic structure continues to shift in the right direction. Industry grew fairly well, the index of industrial production (IIP) increased by 10.35% compared to the previous year; total retail sales of goods and consumer service revenue increased by 11.61% compared to 2024; budget revenue in the area increased by 31.74% compared to the previous year...

Chairman of the provincial People’s Committee Lê Văn Lương addressing the meeting.

2026 is the foundation year for the new development period, realizing the double-digit growth goal. With the theme: “Discipline responsibility, proactive timeliness, innovation creativity, breakthrough acceleration,” the Growth Scenario Building Team proposed 14 specific targets and 11 main tasks and solutions to be implemented in 2026. Of which: GRDP strives to reach 10.5%; GRDP per capita reaches over VND 60 million; economic structure shifts towards increasing the proportion of industry - construction and services; index of industrial production (IIP) increases by 18.52%; striving to welcome over 1.6 million tourist arrivals, total revenue from tourists reaches over VND 2,880 billion; poverty rate reduces by 3%...

Standing Vice Chairman of the provincial People’s Committee Lò Văn Cương participating with opinions at the meeting.

To achieve the set goals and targets, many solutions are proposed such as: Promoting rapid and sustainable economic growth through innovating growth models, restructuring the economy; renewing traditional growth drivers, strongly exploiting new growth drivers based on science and technology, innovation, and digital transformation; promoting reduction and simplification of administrative procedures, improving the business investment environment. Focusing on investment in construction, ensuring the progress of synchronous, modern, smart infrastructure works, especially key transport works, promoting digital transformation infrastructure development. Comprehensively developing cultural and social fields, ensuring harmonious connection with economic development; ensuring social security, improving the material and spiritual life of the people...

Vice Chairman of the provincial People’s Committee Nguyễn Minh Phú speaking at the meeting.

Discussing at the meeting, members of the Building Team suggested that sectors and units need to build and list detailed and specific tables and data for each assigned field; economic structure by sector needs to be separated more clearly and in more detail; supplementing tables stating difficulties and obstacles in deploying key projects; public investment tables, budget revenue...

Based on the participating opinions of delegates, Chairman of the provincial People’s Committee Lê Văn Lương requested the Department of Finance (Growth Scenario Building Team) to build a detailed growth scenario for 2026 by quarter, by sector, and by area. For sectors, fields, and areas, there needs to be detailed, specific growth levels and accompanying brief explanations; for the growth scenario by time, it is necessary to provide detailed tasks by sector and field, thereby proposing groups of solutions and implementation organization, with a specific roadmap and implementation time. The Department of Finance proactively researches and advises on building a system of forms, such as: Tables on public investment by capital source, tables on non-budget investment, and budget revenue tables, in the spirit of clear people, clear tasks, clear time.

Vice Chairman of the provincial People’s Committee Nguyễn Văn Đoạt speaking at the meeting.

To implement these contents, the Chairman of the provincial People’s Committee requested the Department of Finance to coordinate with the Office of the provincial People’s Committee to urgently issue documents sending to participating units to soon complete the growth scenario to send to leaders of the provincial People’s Committee and the Party Committee of the provincial People’s Committee for consideration.

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