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Ho Chi Minh City
Thursday, October 21, 2021

Danang posts negative growth for first time

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HCMC – The Covid-19 pandemic and natural disasters have plunged Danang’s economic growth into the negative zone for the first time at 9.71%, with budget revenue reaching around 60% of the year’s plan, said Nguyen Nho Trung, chairman of the municipal People’s Council, at the opening session of the Danang People’s Council’s meeting this morning, December 7.

He added that some of the city’s plans had been implemented inefficiently and the removal of obstacles facing businesses had been moving slowly.

Moreover, the disbursement of public capital had remained slower than expected despite efforts being made to facilitate the progress, Trung continued.

More measures are needed to evaluate and address these issues to assist with efforts to help the economy recover. Trung added that other issues such as environmental pollution, water resource security and traffic congestion that have been sparking public concern need to be tackled as well.

Regarding public capital disbursement, Ngo Xuan Thang, chairman of the municipal Fatherland Front Committee, suggested the disbursement be expedited to implement projects that were on hold at resettlement and urban areas in localities such as Hoa Vang, Cam Le, Son Tra and Lien Chieu.

Further, the city should have a detailed road map, including studying using unproductive land for developing infrastructure projects and allocating capital for projects nearing completion, Thang said.

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