“Dual mission” of the last 3 months of the year

Faced with unpredictable fluctuations in the world, especially the US tariff shock, since the beginning of 2025, international organizations have predicted that Vietnam's economy in general, and Ho Chi Minh City's in particular, will decline in the last 6 months of the year. However, the reality has gradually improved, with each quarter being higher than the previous, contributing to Ho Chi Minh City's 9-month growth reaching 7.07%.

The service sector remained the main driving force, expanding by 8.59%, accounting for 51.6% of the economy but contributing 61.2% to growth. Industry and construction recovered strongly in the third quarter, increasing by 7.74%. The industrial production index (IIP) increased by 6.9% over the same period. Disbursement of public investment capital reached an estimated VND59,500 billion, over 50% of the capital plan assigned by the Prime Minister (an increase of VND3,000 billion compared to the results reported last week).

Many key infrastructure, environmental and social housing projects have been started, creating a spillover effect and promoting this important driving force. The total investment capital implemented in the whole society is estimated at more than 465,000 billion VND, up 10.3% over the same period. The investment and business environment continues to improve, attracting foreign investment of 7.73 billion USD, up 40% over the same period; budget revenue is estimated at over 570,000 billion VND, equal to 84.9% of the estimate. 670/838 projects and land plots with problems and backlogs have been resolved, accounting for 80%, with an area of ​​more than 2,130 hectares. Digital transformation has achieved many positive results, attracting many strategic investors to research and cooperate in investment such as: G42, Nvidia, Marvell, Intel, ...

However, the growth in the third quarter and the first nine months, although positive, still falls short of the plan - unless at least the remaining three months must reach 12% or more. The private economic sector still faces many difficulties. The number of dissolved enterprises increased by 24.7%, the number of temporarily suspended enterprises increased by 11% and the number of newly established enterprises decreased by 11%. Disbursement of public investment capital continues to... miss the deadline! That requires us to simultaneously strive for many key tasks.

First of all, operate the two-level local government apparatus effectively and efficiently; in which, supplement necessary equipment and conditions to ensure the implementation of handling records and procedures without administrative boundaries in November 2025 of 168 communes, wards and special zones. Effectively manage public assets after rearrangement, avoid waste, loss and negativity. Continue to arrange and deploy the team of commune-level officials and civil servants, ensure effective operation, no interruption of public service activities, no omission of tasks and areas.

Resolutely implement solutions to promote economic growth, remove difficulties for businesses, strictly manage expenditures, prioritize capital for key projects, urgent public projects and social security policies. Strive to collect budget revenue exceeding 25% of the assigned estimate. Speed ​​up disbursement of public investment capital, strive for the disbursement rate to reach 100% of the plan. Focus all resources to speed up the progress of projects, especially 34 key projects with large capital plans.

The motto of "deciding on the spot, resolving on the spot" of the 3 working groups on public investment disbursement is expected to disburse 100% of capital, especially the work of site clearance and relocation of technical infrastructure. At the same time, effectively implement the Plan to launch the peak emulation period "100 days of challenges after the merger - Solidarity in action for Ho Chi Minh City to break through, worthy of the responsibility to the people", in which, determine to start and inaugurate projects; works, welcome the 1st Congress of Ho Chi Minh City Party Committee, towards the 14th National Party Congress for the 2025-2030 term.

The "dual tasks" of the last 3 months of the year are not only to thoroughly resolve the problems that have been seen and clarified from the experience of managing and developing the socio-economy in the first 9 months of 2025, but also to have "sprints" to summarize the term, preparing for accelerated and sustainable development in the coming years.

NGUYEN QUAN CAT

Source: https://www.sggp.org.vn/nhiem-vu-kep-cua-3-thang-cuoi-nam-post816850.html