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Prime Minister Pham Minh Chinh has ordered prompt actions be taken to effectively settle the aftermath of Typhoon Yagi, stabilise people's life, and restore production and business activities to reach the unchanged economic growth target of 7%.
Ninh Binh is among a few provinces and centrally run-cities nationwide enjoyed positive industrial production growth in 2023. The outcome was attributed to the industry and trade sector's synchronic measures to remove difficulties for local bussinesses, thereby helping to spur industrial production growth and maintain its growth momentum. This year, the province is striving to reach industrial production growth target of 8.7%.
The northern province of Ninh Binh posted an economic growth rate of 7.56% growth in the first half of 2023, ranking 6th out of 11 provinces and cities in the Red River Delta and 12th out of the country's 63 provinces and centrally-run cities. However, amid the context of low market demand, lack of foreign orders, and complex political situation, achieving the economic growth target of 7.5% in 2023 is a great challenge for Ninh Binh, requiring numerous solutions to spur economic growth.
The northern province of Ninh Binh's GRDP in the first six months of 2022 reached 22.5 trillion VND (968 million USD), a year-on-year increase of 3.53%. In an attempt to fulfill the growth target set in Resolution No. 104/ NQ-HDND dated December 10, 2021 of the provincial People's Council, local administrations at all levels and sectors have been implementing synchronous measures to reach the GRDP growth rate of 7%, equivalent to 48.58 trillion VND (2.08 billion USD).
With 15.8 percent growth in the first five months of this year to 93.09 billion USD, achieving export growth target of more than 10 percent for the whole year is feasible.
Prime Minister Nguyen Xuan Phuc asked Cabinet members to give feedback on the 2018 growth scenario, towards reaching growth of at least 6.7 percent this year, higher than the 6.5 percent assigned by the National Assembly.
Prime Minister Nguyen Xuan Phuc has requested ministries and sectors to make greater efforts in order to achieve a growth rate of 6.7% in 2017, thus contributing to realising the growth target set for 2016-2020 by the Central Party Committee and the National Assembly.
The Government's monthly meeting opened on October 29th morning with focus on measures to create a leap in the last quarter's economic growth rate and curb this year's inflation within 5 percent.
Prime Minister Nguyen Tan Dung has called for efforts to exceed the growth target of 6.2% for the whole year, as economic expansion in the first quarter beat expectations.
Cabinet members called for maximum efforts in achieving this year's economic growth target of 5.8 percent in their August 27-28 meeting in Hanoi.
