Uneven growth
According to the announcement of the General Statistics Office, the estimated economic growth in the first 6 months of 2025 of Can Tho City reached 7.87%, higher than the growth rate of the whole country (7.52%). Of which: the agriculture, forestry and fishery sector (sector I) increased by 2.8%; the industry and construction sector (sector II) increased by 9.58%; the service sector (sector III) increased by 9.58%; product taxes minus product subsidies increased by 5.31%.
The city effectively exploits the potential of the tourism sector. In the photo: Tourists visit and have fun at Can Tho Eco Resort.
Mr. Duong Van Ngoanh, Deputy Director in charge of the Department of Finance of Can Tho City, said: Compared to the scenario assigned in Resolution No. 25/NQ-CP of the Government, the city's GRDP (total regional product) growth rate has not yet reached the scenario for the first 6 months of 2025 of 8.61%, a shortfall of about 0.74 percentage points. Of which, sector I is short by 3.31 percentage points; sector II is short by 2.48 percentage points (industrial sector alone is short by 3.46 percentage points); sector III grows according to the scenario; product tax minus product subsidy is short by 0.74 percentage points.
Regarding the reasons for the economic growth not reaching the scenario, according to the city's Department of Finance, growth is not uniform within the industry. Specifically, the processing and manufacturing industry accounts for a high proportion in the industrial sector; however, the production and business activities of enterprises still face many difficulties and challenges from the market, the inventory is quite high, the capacity, new investment capacity, and expansion investment increase slowly.
The construction sector still has some objective factors affecting construction activities such as the shortage of sand for leveling the ground. Disbursement of public investment capital is still slow compared to the set targets and requirements; key projects using public investment capital still face many difficulties, slow progress, and problems with site clearance and resettlement, slowing down the implementation process. Attracting non-budgetary investment, both domestic and foreign direct investment, has not met expectations.
The service sector alone grew according to the scenario, but there were still differences between localities. The retail network has only developed strongly in urban centers, medical services are not up to par, the real estate market has recovered slowly, and growth is low. Tourists are mainly attracted by holiday activities, Tet, and festivals at the beginning of the year; specific tourism products have not been developed. Export activities are easily affected by tax policies and technical barriers; e-commerce development is not really sustainable...
Promoting efficiency after merger
Recently, the People's Committee of Can Tho City held a meeting to approve the city's economic growth scenario in 2025. Based on the assessment of the city's economic growth results in the first 6 months of the year and the new context, the city's Department of Finance proposed two growth scenarios. In which, the high growth scenario has a growth target of 10.11% in 2025, and the city must achieve a minimum growth rate of 12.13% in the last 6 months of the year. The feasible growth scenario has a growth target of 9.16% in 2025, and the city strives to achieve a growth rate of 10.31% in the last 6 months of the year. At the meeting, departments and branches proposed solutions and implemented key tasks to successfully implement the 2025 socio-economic development plan with the highest economic growth results and ensure suitability with local conditions.
According to Mr. Ha Vu Son, Director of the Department of Industry and Trade of Can Tho City, the Department of Industry and Trade will actively advise the City People's Committee to soon implement driving projects, contributing to the city's growth such as the O Mon 4 Thermal Power Plant project; the Lot B - O Mon gas pipeline project. Along with that, biomass power plants, wind power plants, Song Hau thermal power plants... if running at full capacity will contribute great value to growth. Can Tho City (old) welcomes about 6 million visitors per year; Can Tho City (new) can welcome 9 million visitors per year. Therefore, the Department of Culture, Sports and Tourism of the city coordinates to effectively exploit tourism activities, which will contribute to the city's growth...
Mr. Duong Van Ngoanh proposed: The city continues to focus on effectively implementing the assigned socio-economic development plan and state budget estimate for 2025. Immediately promote the effectiveness of the arrangement, streamlining of the apparatus and organization of the two-level local government in the city's socio-economic development. Continue to review, reduce and simplify administrative procedures, creating all favorable conditions for investment and business. In addition, focus on removing difficulties, speeding up the implementation progress of key national projects, key projects of the city, striving to achieve the disbursement plan in each following month and quarter, by December 31, 2025, disbursing 100% of public investment capital. Monitor, urge and support investors to implement non-budgetary investment projects according to the committed schedule, especially key projects on infrastructure investment in industrial parks, clusters, housing, energy... resolutely handle projects that are behind schedule and waste land resources. Proactively implement solutions to stimulate consumption, connect markets, especially export markets for key products of the city. Promote the advantages of human resources and science and technology potential of the city.
Mr. Tran Van Lau, Chairman of Can Tho City People's Committee, emphasized: Each sector and field plays an important role in contributing to the city's economic growth. Therefore, departments and branches should work together to do well in their respective sectors and fields, contributing to the overall development of the city.
The Chairman of the City People's Committee also noted that departments and branches should review and adjust their field goals to suit reality, ensuring feasibility. In addition, pay attention to the "smokeless industry" - tourism, which still has a lot of room for development; review tourism infrastructure, link tourist destinations into chains, creating attractiveness. At the same time, focus on solutions to develop high-tech agriculture. Urgently disburse funds, speed up the construction progress of key projects, focus on removing difficulties and obstacles of each project.
Article and photos: T. TRINH
Source: https://baocantho.com.vn/thuc-day-tang-truong-kinh-te-a188452.html
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