Alternate Member of the Party Central Committee, Deputy Secretary of the Provincial Party Committee and PPC Chairman, comrade Do Huu Huy chaired a working session with the Department of Finance on state management in the sector as well as the provincial double-digit economic growth scenario.

PPC Chairman Do Huu Huy chairing the session.

According to the Department of Finance, total state budget revenue in the province in Q1 reached 5,057 billion VND, exceeding the growth scenario target of 4,700 billion VND, equivalent to 29.6% of the central estimate and 27.9% of the provincial estimate, up 7.97% compared to the same period in 2025. Total state budget expenditure amounted to 10,442 billion VND, reaching 26.1% of the central government’s estimate.

The total public investment plan assigned by the province for 2026 is 10,469.3 billion VND, of which 9,551.5 billion VND, or 91.23%, has been allocated in detail to implement tasks and projects. Disbursement has reached 518.2 billion VND, equivalent to 5.43% of the plan.

Regarding national target programmes, in the 2021 - 2025 period, development investment capital disbursement reached nearly 4,421.4 billion VND, equivalent to 80.5% of the plan.

The Department of Finance has developed growth scenarios for sectors under its management and monitoring. Accordingly, GRDP (at 2020 constant prices) in the remaining nine months of 2026 is projected to exceed 152,247 billion VND, with growth of 10.64% or higher, requiring expansion averaging 10 - 11%. Total realised investment capital in the locality is estimated at 80,390 billion VND, up 30% compared to 2025. State budget revenue is projected at 19,881 billion VND, increasing by at least 10%. The number of newly established enterprises is expected to reach 3,200.

PPC Chairman Do Huu Huy delivering concluding remarks at the session.

At the session, PPC Chairman Do Huu Huy acknowledged the important results achieved by the Department of Finance, while requesting proposals for effective solutions to manage the 2026 socio-eco development plan together with regularly reviewing and updating growth scenarios. The department is also required to urgently review along with advise the PPC on adjusting growth scenarios for the remaining quarters and months of the year, including updating together with allocating GRDP in detail by sector and field, alongside adjusting socio-eco indicators in line with the growth scenario to ensure the annual growth target.

Simultaneously, priority should be given to completing a comprehensive review, compiling a list, identifying causes, and proposing solutions to address delayed, prolonged, low-efficiency projects as well as those at risk of waste; directing focused efforts to resolve projects and works facing difficulties where specific solutions have already been identified; alongside expediting adjustment of the Provincial Planning for the 2021 - 2030 period, with a vision toward 2050, ensuring overall consistency. The province will proactively establish a “green lane” mechanism for priority projects in accordance with regulations, while developing and applying appropriate incentive mechanisms alongside policies to facilitate the attraction of strategic and potential investors.

For departments and sectors, the PPC Chairman requested continued effective implementation of restructuring, reorganisation, development as well as improvement of operational efficiency of state-owned enterprises; acceleration of state budget revenue collection, public investment disbursement, management of public assets, and oversight of non-budget investment.

Translated by KHUONG THAO