Điện Biên urges economic growth acceleration in final months of 2024

ĐBP - Chairman of the Điện Biên Provincial People’s Committee, Lê Thành Đô, has called on local authorities and sectors to assess the damage caused by natural disasters, enhance agricultural restructuring, and implement strategies to boost economic growth in the final quarter of 2024.

This appeal was made during the second session of the provincial People’s Committee’s September meeting, which assessed the province’s socio-economic development over the first nine months of 2024 and reviewed the progress of the public investment plan.

Lê Thành Đô, who also serves as Deputy Secretary of the Provincial Party Committee, co-chaired the meeting alongside Vừ A Bằng, Vice Chairman of the Provincial People’s Committee. The session was also attended by Giàng Thị Hoa, Standing Member of the Provincial Party Committee and Vice Chairwoman of the Provincial People’s Council.

Lê Thành Đô, Deputy Secretary of the Provincial Party Committee and Chairman of the Provincial People’s Committee speaks at the meeting.

Reports highlighted that Điện Biên achieved significant socio-economic outcomes in the first nine months of the year, with a Gross Regional Domestic Product (GRDP) growth rate of 8.33 per cent. The province saw its tourist numbers nearly double, reaching 1.95 times those of the same period in 2023. Total retail sales and service revenue (at current prices) were estimated at over VNĐ19.5 trillion (US$793.6 million), marking a 22.96 per cent year-on-year increase.

Additionally, the province's Provincial Competitiveness Index (PCI) improved by 31 places compared to 2022, and the 70th anniversary of the Điện Biên Phủ Victory was successfully and safely organised.

However, delegates at the meeting raised several challenges faced during the period. Budget revenues were notably low, projected to reach only 53.65 per cent of the target by the end of September. Revenues related to land use have yet to be realised, and the implementation of key projects has seen slow progress.

The number of forest fires significantly increased, with 22 more incidents than the same period last year. Ongoing infrastructure challenges in electricity and telecommunications continue, and the rates of poor and near-poor households remain high. Furthermore, there has been very slow progress in land allocation, forest allocation, and the issuance of forest land use certificates.

A representative from the Provincial Department of Agriculture and Rural Development clarifies issues related to the restructuring of the agricultural sector.

In 2024, the province was allocated a total of over VNĐ4.07 trillion ($165.6 million) for public investment, along with VNĐ560 billion ($22.7 million) from the central government’s contingency fund.

Additionally, over VNĐ481.3 billion ($19.5 billion) of the 2023 investment plan was authorised for disbursement in 2024. By the end of this August, the disbursement rate for public investment capital reached 34 per cent, with extended capital disbursement at 44.8 per cent.

For the medium-term public investment plan for the 2021-2025 period, over VNĐ20.2 trillion ($822 million) has been allocated, with an estimated disbursement rate of 85.2 per cent, including funds permitted to be extended. The projected capital demand for the 2026-2030 medium-term public investment plan is over VNĐ26.79 trillion ($1.09 billion).

The delegates agreed on the principle of prioritising capital allocation. This includes ensuring sufficient capital to pay off any outstanding construction debts incurred before January 1, 2015, as required by the Public Investment Law; sufficient capital to repay any advances on the investment plan; and ensuring funds for completed projects that have been handed over for use but lack adequate funding.

Capital should also be allocated for planning tasks and reviewing or adjusting plans in accordance with the Planning Law.

Speaking at the meeting, Đô emphasised the need for local authorities and sectors to enhance measures to boost economic growth in the final months of the year.

He also stressed the importance of achieving the goals for new rural development, reviewing the progress of forestry, macadamia, and fruit tree projects to ensure focused implementation, and paying close attention to disease prevention in livestock, poultry, and crops, as well as forest fire prevention.

A representative from the People’s Committee of Điện Biên Phủ City clarifies issues regarding land clearance for projects in the city.

In the industrial and construction sectors, investors were urged to accelerate the implementation of hydro-power projects, transmission grids, and substations, while completing procedures for renewable energy projects. Efforts are being made to facilitate the development of urban areas and housing by creating favourable conditions for investors.

Solutions to promote tourism development plans are being implemented, with a focus on community-based tourism and the preservation of historical sites. Regarding budget management, measures are being taken to boost revenue collection, including expanding the use of e-invoices generated from cash registers.  

Additionally, efforts are underway to maintain and improve the quality of culture, education, and training sectors, as well as to reassess poverty criteria and address employment needs for workers.

In public investment, Đô called for enhancing the accountability of project leaders. He urged a thorough review of the progress of each programme and project to establish detailed timelines.

There is a need to complete legal and administrative procedures, resolve land clearance issues, and advise the province on overcoming policy and regulatory hurdles.

Contractors are being encouraged to deploy more machinery and personnel, increase work shifts, and focus on accelerating the acceptance, payment processes, especially for projects with extended funding, he said.

By Văn Tâm
Comment

You have 500/500 characters left

Please enter 5 or more characters!!!

Recent news

  • 'The South in the heart of Điện Biên

    The South in the heart of Điện Biên

    NEWS - POLITICS -
    ĐBP - Exactly one year ago, Điện Biên was adorned with flags and flowers, bustling with pride as it celebrated the 70th anniversary of the glorious victory of Điện Biên Phủ, renowned across the world and shaking the earth.
  • 'Điện Biên to further promote education quality

    Điện Biên to further promote education quality

    SOCIAL AFFAIRS -
    ĐBP - In response to the fundamental and comprehensive reform requirements, the Department of Education and Training of Điện Biên province has rigorously implemented Circular No.29/2024/TT-BGDĐT issued by the Ministry of Education and Training regarding extra classes.
  • 'Điện Biên to further preserving culture amid administrative restructuring

    Điện Biên to further preserving culture amid administrative restructuring

    CULTURE - TOURISM -
    ĐBP - Localities across the country are urgently and decisively implementing the policy of merging administrative units at the provincial level, reviewing and expanding the commune level to streamline the administrative apparatus and reduce intermediaries. While the province grows larger, and districts are eliminated, with communes being expanded, this process helps simplify the political system but also brings many challenges, including preserving traditional culture.
  • 'Ensuring food safety for public health

    Ensuring food safety for public health

    SOCIAL AFFAIRS -
    ĐBP - Food safety has always been a top priority, especially in the context of unsafe and untraceable food still infiltrating the market. In order to enhance the management and oversight of food safety, particularly in collective kitchens and school canteens, the Điện Biên province’s Bureau of Food Safety and Hygiene (BFSH) has been closely collaborating with relevant units to implement a variety of inspection, awareness-raising, and comprehensive monitoring measures.
  • 'Nà Tấu leads by example in embracing Hồ Chí Minh’s example

    Nà Tấu leads by example in embracing Hồ Chí Minh’s example

    NEWS - POLITICS -
    ĐBP -  In recent years, the Party Committee of Nà Tấu commune (Điện Biên Phủ city, Điện Biên province) has made studying and following Hồ Chí Minh’s ideology, morality, and style a regular and voluntary practice among all officials, Party members, and residents. This has significantly contributed to Party building and socio-economic development in the area.
  • 'Điện Biên holds April press briefing

    Điện Biên holds April press briefing

    NEWS - POLITICS -
    ĐBP - On the morning of April 23, the Điện Biên provincial Party Committee’s Commission for Information, Education, and Mass Mobilization held the press conference in April press briefing to review media performance and provide communication guidelines for May 2025.
  • 'Điện Biên does utmost to care for children

    Điện Biên does utmost to care for children

    SOCIAL AFFAIRS -
    ĐBP - Children are the future owners of the country, which is why the care and protection of children has always been a priority for all levels and sectors in Điện Biên province. The goal is to create the best conditions for children to study, play, and develop comprehensively.
  • 'Museum modernization in digital age

    Museum modernization in digital age

    CULTURE - TOURISM -
    ĐBP - A new wave of digital technology is sweeping across the museums in Điện Biên province, directly impacting exhibition spaces, storage facilities, and creating new ways for the public to “touch” history in a more vivid and accessible manner. The digital transformation efforts of local museums are gradually modernizing the preservation and promotion of cultural heritage in this historically significant region of the far West of Vietnam.
  • 'Gratitude and comradeship: 50 Years After the South Liberation and National Reunification

    Gratitude and comradeship: 50 Years After the South Liberation and National Reunification

    NEWS - POLITICS -
    ĐBP - Fifty years after the reunification of the North and South, the entire nation is now living in peace and independence. The country continues to develop, but the pain and losses caused by the war cannot be replaced or expressed in words. With all sincerity and gratitude, the political system has been implementing policies to support the military’s rear, helping to ensure a more stable life for revolutionary soldiers.
  • 'Nậm Pồ makes efforts in handling corruption and misconduct

    Nậm Pồ makes efforts in handling corruption and misconduct

    NEWS - POLITICS -
    ĐBP -  Enhancing the leadership capacity, combativeness, and exemplary pioneering role of Party organizations and members is among the practical and effective measures being implemented by the Nậm Pồ district’s Party Committee to strengthen the Party’s leadership in the fight against corruption and misconduct.
  • 'Supporting people with disabilities to overcome life’s challenges

    Supporting people with disabilities to overcome life’s challenges

    SOCIAL AFFAIRS -
    ĐBP - The support for people with disabilities to thrive in life is a consistent policy of the Party and State. In Điện Biên province, alongside the attention from the Party and State, the provincial Association for the Protection of People with Disabilities and the Protection of Children’s Rights has mobilized many resources to support and care for people with disabilities. These practical activities help people with disabilities overcome difficulties to rise and integrate into society.
  • 'Always being ready for the Fatherland

    Always being ready for the Fatherland

    NEWS - POLITICS -
    ĐBP - During the years of the resistance war against the U.S., thousands of young people from Điện Biên province volunteered to join the military, dedicating their youth to the cause of national liberation. Leaving behind their families and hometowns, they left footprints across battlefields riddled with bombs and hardship, contributing to the historic victory in the Spring of 1975, which reunified the country.
  • '“Common roof” for journalists

    “Common roof” for journalists

    NEWS - POLITICS -
    ĐBP - Alongside the press community nationwide, in recent years, the Điện Biên provincial Journalists’ Association has continuously innovated its activities and approaches, enhanced its professional work, and met the needs and developments of journalism during the period of renewal. In particular, the association has united its members and contributed to successfully implementing the province’s political tasks, making the organization a “common roof” for journalists.
  • 'Memories of those historic April days remain intact

    Memories of those historic April days remain intact

    NEWS - POLITICS -
    ĐBP - Half a century has passed, yet the memories of those heroic days remain vividly intact in the minds of veterans of Điện Biên province. For these former soldiers, it is a profound source of pride, an indelible mark in their journey of defending and liberating the nation, unifying the country.