Tay Ninh (VNA)🌳 - The 39th meeting of the Tay Ninh provincial Party Committee in the 2020-2025 term took place on October 1, outlining strategies to boost socio-economic development in the fourth quarter of 2024 and beyond.

Chairman of the provincial People Committee Nguyen Thanh Ngoc highlighted that by the third quarter of 2024, the province's economy showed positive and comprehensive progress, with a notable growth rate of 7.2%, above the national average. The industrial and service sectors saw double-digit growth, while tourism revenue rose over 41%. The province's exports also increased by 12.8% compared to the same period in 2023. Although public investment disbursement remained below expectations, it was still higher than the national average. The province ranked 15th out of 63 provinces and centrally-run cities in attracting investment and was among the top 10 with the lowest poverty rates in the country. Ngoc emphasised that to achieve the economic growth target of 6.5-7% for the last quarter so as to fulfill the whole year's goal, Tay Ninh needs to maintain momentum. The province is in the process of building key infrastructure and developing its industrial and service sectors, which will serve as drivers for future growth. However, challenges remain, such as the predominance of small and micro-enterprises and a shortage of skilled workers. The province is also facing several limitations, including delays in implementing critical projects and low public engagement with the national public service portal. Additionally, complicated and sophisticated fraud crimes have become more prevalent in the region. Nguyen Thanh Tam, Secretary of the provincial Party Committee and Chairman of the provincial People’s Council, called for a realistic assessment of these challenges to improve. He urged the entire provincial Party Organisation to implement solutions and meet or exceed the set targets, focusing on laying a strong foundation for economic and social development in 2025 and the years to come. Tam also stressed the urgency to speed up public investment disbursement to meet the province’s commitments to the government. He instructed administrations at all levels and sectors to ensure that key projects are carried out on schedule, with regular inspections and proactive settlement of problems to facilitate faster disbursement in the final three months of 2024. Furthermore, Tam requested increased accountability from contractors and investors who fail to adhere to the approved timelines. He encouraged greater transparency in investment management and called for active efforts to attract investment into industrial zones and support the development of local enterprises. Districts and cities of the province must also focus on improving the quality of rural development, avoiding unsustainable practices, and ensuring long-term results. Tam also asked for great attention to the organisation of Party Congresses at all levels, emphasising the importance of objectively summarising achievements and challenges from the current term. This will serve as the basis for drafting resolutions and development plans for the next term, focusing on both Party-building efforts and socio-economic development.

By the end of Q3 2024, the province had made significant progress in addressing obstacles, providing support for businesses, and fostering economic growth. The province's gross regional domestic product (GRDP) was estimated at 45.72 trillion VND (1.85 billion USD), up 7.2% year-on-year. Public investment disbursement reached nearly 2.3 trillion VND by September 30, achieving 54.3% of the target set by the Prime Minister and 53.4% of the provincial People’s Council's plan. The province’s total state budget revenue reached 9.3 trillion VND, equivalent to 84.1% of the estimate and up 14.6% compared to the same period last year. All nine districts, townships, and cities in the province achieved budget revenues of at least 75% of their targets. Local budget expenditures totaled nearly 7.7 trillion VND, equivalent to 68.9% of the plan, an increase of 8% year-on-year. Domestic investment reached nearly y 6.1 trillion VND, or 49.6% of the figure in the same period last year, while attracted foreign investment was estimated at 280 million USD, equivalent to 42.9% of the figure in the same period last year. The province issued 597 new business registration certificates with total capital of more than 6.3 trillion VND./.