Binh Phuoc urged to accelerate public investment

Deputy Prime Minister Le Minh Khai has suggested that Binh Phuoc should speed up the disbursement of public investment capital and the handling of investment procedures for key projects in order to improve the efficiency of the use of public investment capital.
Deputy Prime Minister Le Minh Khai speaking at the working session (Photo: VNA)
Deputy Prime Minister Le Minh Khai speaking at the working session (Photo: VNA)

The government official made the remarks at a working session with leaders of Binh Phuoc province on July 29.

He said that with many potentials, advantages and opportunities, Binh Phuoc has all the necessary factors for a high and sustainable economic growth, especially in terms of high-tech agriculture, organic agriculture, services, and tourism.

The province recorded an economic growth rate of 7.27% in the first half of 2023, ranked first in the Southeast region and 14th among other provinces nationwide. The province’s industry recorded quick recovery at 8.85% in the second quarter of 2023 amid difficulties across the whole country. Binh Phuoc also attracted 17 foreign direct investment projects with total registered capital of 659 million USD, double the set plan.

The Deputy PM also asked the province to stimulate strategic infrastructure projects to create momentum for economic growth while promoting domestic consumption and exports.

Chairman of Binh Phuoc Provincial People’s Committee Tran Tue Hien said that despite the positive economic results, some economic indicators remain low, including the slow disbursement of public investment, a reduction in export revenue in the past seven months, and a large unsold inventory in the products of garments, footwear and MDF boards.

NDO