In the first 4 months of 2025, the province's socio-economic situation achieved many results, the economic picture had many positive highlights
Many highlights in the economic picture
According to the Provincial People's Committee, with the drastic direction of the Provincial Party Committee, the Provincial People's Council and the proactive and flexible management of the Provincial People's Committee, in the first 4 months of 2025, the province's socio-economic situation achieved many results, the economic picture had many positive highlights.
Accordingly, in the first quarter, the province's economic growth rate (GRDP) reached 7.2%. This is a positive growth rate, the highest compared to the same period in the past 3 years, ranking 5th in the Mekong Delta and 4th in the Southeast region.
All 3 sectors have grown quite well, creating an important foundation for achieving the target of double-digit growth in 2025 and the following years. In particular, industrial production continued to recover strongly, enterprises had more orders, the industrial production index increased by more than 10%.
Entering April 2025, the production activities of enterprises increased sharply, the industrial production index in April increased by 21.37%. The accumulated increase in the first 4 months of 2025 was 15.34% over the same period. In which, the processing and manufacturing industry increased by 16.19%; the electricity production and distribution industry increased by 6.16%; the water supply, waste and wastewater management and treatment industry decreased by 8.4% over the same period last year.
Out of 73 main industrial product groups, 39/73 groups increased. Public investment continued to be focused on and directed strongly, achieving many positive results. As of April 30, 2025, public investment capital disbursement was 1,652.5 billion VND, reaching 17.1% of the plan assigned by the Prime Minister and 18.47% of the plan allocated by the Provincial People's Committee.
According to Director of the Department of Finance - Truong Van Liep, with the synchronous and drastic implementation of solutions to improve the Provincial Competitiveness Index and investment promotion, the province continues to be a bright spot in attracting investment with increasing figures such as the number of established enterprises, newly registered capital; number of FDI investment projects, registered capital.
In April 2025, 434 new enterprises were established in the province, an increase of 102.8% over the same period with a total registered capital of 4,971 billion VND, an increase of 136.9%. Accumulated from the beginning of the year, 945 new enterprises were established, an increase of 26.16%, with a total registered capital of 10,394 billion VND, an increase of 9.46%. To date, the province has 20,575 enterprises registered to operate with a total registered capital of 405,938 billion VND
During the month, 5 new domestic projects were granted, with a newly registered capital of nearly 1,200 billion VND, and there are currently 2,282 projects with a registered capital of 511,770 billion VND. Foreign investment is also a highlight in the province's economic picture.
Since the beginning of 2025, the province has granted 44 new projects, bringing the total number of foreign investment projects in the province to 1,425 projects with a registered capital of nearly 12.9 billion USD, of which 635 projects have come into operation, with a total investment capital of more than 4.2 billion USD.
In particular, by the end of April, the total state budget revenue in the province was 12,613.6 billion VND, reaching 52.4% of the estimate assigned by the Central Government and 51.44% of the estimate assigned by the Provincial People's Council, an increase of 17.6% over the same period.
Striving to achieve the double-digit growth
According to Chairman of the Provincial People's Committee - Nguyen Van Ut, immediately after the Prime Minister issued Directive No. 05, the Provincial People's Committee developed and issued an implementation plan and key tasks and solutions to promote economic growth, accelerate disbursement of public investment capital, and ensure the national growth target of 8% or more in 2025.
The province is determined to successfully complete the economic growth target of 8.79% in 2025, striving to reach 10-11% with the common spirit of the whole country: "The Party has directed, the Government has agreed, the National Assembly has agreed, the People have supported, the Fatherland has expected, then we only discuss and do, do not back down."
In recent years, the province has been a bright spot in attracting investment, especially FDI investment
In particular, the Provincial People's Committee requested departments, branches and localities to focus on drastically and synchronously implementing resolutions and conclusions of the Central Committee, the Politburo, the National Assembly and the Government, effectively promoting new and breakthrough mechanisms, policies and regulations that have been issued, unleashing resources of the economy; develop solutions to promote disbursement of public investment capital, take public investment as the lead and attract all social resources, especially mobilize and effectively use all resources from economic sectors along with the state budget to implement key projects, projects under the breakthrough program, etc.
The Provincial People's Committee assigned the Department of Finance to take the lead in implementing solutions to improve the Provincial Competitiveness Index with the requirement of maintaining the top 5 in 2025 as well as continuing to innovate investment promotion work in the direction of proactively approaching, learning, and supporting partners, large corporations, high technology, leading value chain operations to attract investment in the province.
In particular, focusing on supporting and removing difficulties and obstacles to put investment projects that have a strong impact on socio-economic development into operation such as Long An LNG Power Plant I and II, AEON Trade Center, Pepsico Project, Coca-Cola Beverage Project, Thai Tuan Textile Finishing Project, etc.
Mr. Nguyen Van Ut affirmed that with synchronous solutions, the province has the highest determination to strive for double-digit growth in 2025. However, economic growth must be fast and sustainable, ensuring macroeconomic stability, major balances of the economy, controlling inflation; balancing and harmonizing between implementing short-term growth targets with medium-term and long-term development; not sacrificing progress, social justice and the environment in exchange for pure economic growth.
In particular, economic growth must be based on science, technology, innovation and digital transformation, high-quality human resources, increased labor productivity, aiming for sustainable, inclusive and comprehensive growth, bringing benefits to all people.
In implementation, the province focuses on maximizing resources, proactiveness, creativity, flexibility, innovation, breakthrough spirit, responsibility; taking people and enterprises as the center, considering the difficulties of people and enterprises as the difficulties of the province to proactively support and accompany them.
In addition, promoting the highest spirit of autonomy, confidence, self-reliance, national pride; maximizing all opportunities, motivations, internal and external resources for development; being flexible, creative, daring to think, daring to do, daring to take responsibility for the common good; promote high determination, great effort, drastic action, focus, key points; clear assignment, clear work, clear time, clear responsibility, and clear results along with maximum exploitation of different potentials, outstanding opportunities, competitive advantages to promote economic growth and development of the province in 2025, creating premise for the following years./.
Reported by Kien Dinh
Translated by NT