Recognizing that each locality has a different development potential, the Government has discouraged a one-size-fits-all approach and encouraged each province to maximize its advantages and address the constraints that hinder growth. Many localities have unveiled targeted commitments and practical measures for the months ahead.
Multiple strategies toward one shared goal
Thanh Hoa province sees industry, innovation, and the digital economy as the key drivers of future growth. The province is accelerating 15 major projects worth more than 1.3 billion USD, strengthening its startup ecosystem, establishing a high-tech zone, and accelerating strategic energy projects.
Nguyen Hoai Anh, Chairman of the Thanh Hoa provincial People's Committee, said: "Thanh Hoa continues to strengthen its innovation ecosystem and has completed two major initiatives to establish an innovation company and a venture capital fund to create a more favorable environment for startups. We are accelerating the development of a high-tech park and planning digital economy models. At the same time, we’re moving forward with a national crude oil and petroleum reserve project."
Son La province has made infrastructure development and investment attraction the cornerstone of its growth strategy. The province aims to lure more than 1.9 billion USD in new investment during the second half of the year while advancing energy projects and regional transportation links to support long-term development.
Ha Tinh province is prioritizing unlocking development resources. In addition to accelerating public investment and non-budget-funded projects, local authorities are promoting industrial projects that strengthen national energy security.
Phan Thien Dinh, Chairman of the Ha Tinh provincial People's Committee, said: "We are providing maximum support to accelerate industrial production projects, creating new growth drivers for the coming years. We are also removing long-standing obstacles facing delayed projects to unlock development resources."
"Energy projects under National Power Development Plan VIII are being expedited to support both economic growth and energy security while meeting electricity demand from major industrial projects. At the same time, the Vung Ang Economic Zone will continue to expand its steel, manufacturing, and downstream processing industries," said Mr. Dinh.
Gia Lai province views large-scale agriculture and private investment as the foundation for sustained growth, targeting an economic expansion of 10.2% this year.
Pham Anh Tuan, Chairman of the Gia Lai provincial People's Committee, said: "In agriculture, we’re restructuring land use to develop large-scale raw material zones in western Gia Lai. Efforts are being made to accelerate the implementation of 405 approved investment projects with total registered capital exceeding 13.6 billion USD. If these projects are completed on schedule, we’re confident of achieving more than 10% growth this year and maintaining that momentum in the years ahead. We’re also determined to achieve a 100% public investment disbursement rate."
Harnessing local strengths for national growth
Despite their different approaches, local governments share the priorities of unlocking investment, improving infrastructure, enhancing the business environment, and creating new engines of growth. These are the factors the Government considers essential to achieving the country's overall economic targets.
Vietnam's largest economic hub Ho Chi Minh City has reaffirmed its commitment to leading the national economy.
Nguyen Van Duoc, Chairman of the municipal People's Committee, said: "To achieve growth above 10% this year, HCM city must expand 11.0-11.8% in the third quarter. That means mobilizing every possible source of private investment in GRDP and ensuring 100% disbursement of the public investment plan. With the implementation of public-private partnership projects, we’re confident of reaching the central government’s 10% growth target. The city will finalize its master plan in October to facilitate a new wave of investment and sustain future growth."
Double-digit growth is an ambitious target, but it is driving local governments to innovate, mobilize resources, and capitalize on their strengths. Their coordinated efforts will help Vietnam achieve its growth goals and reinforce the country’s image as a dynamic, reform-oriented economy and an increasingly attractive destination for global investment.
