This information was revealed in a report by the Binh Dinh People's Committee (PPC) at the 25th session of the 13th Binh Dinh People's Council, held on the morning of 24/6.

The total budget revenue for the first six months reached over 9,284 billion VND, a 43.1% increase compared to the same period in 2024, and achieved 53.3% of the annual target.

Revenue from land use contributed significantly, reaching 4,892 billion VND, doubling compared to the previous year and accounting for almost 50% of the total revenue. Domestic revenue (excluding land use and lottery) reached 4,312 billion VND, a 22.3% increase.

Total local budget expenditure in the first six months exceeded 12,000 billion VND, a 44.7% increase compared to the same period last year. Budget management was assessed as flexible and practical, ensuring no funding shortages for newly formed administrative units after mergers. The province also advanced 35 billion VND for compensation and site clearance for key projects.

The province’s Gross Regional Domestic Product (GRDP) increased by an estimated 8.1% in the first six months, higher than the national average. The industrial sector grew by 11.3%, construction by 11.6%, and services by 9%. The province's Industrial Production Index (IIP) increased by 9.03%, with manufacturing, the key industry, growing by 8.83%. Electricity and gas production increased by 12.09%, and mining by 6.22%.

Quy Nhon Port, one of the infrastructural advantages contributing to Binh Dinh province's growth. Photo: Nguyen Dung

Quy Nhon Port, one of the infrastructural advantages contributing to Binh Dinh province's growth. Photo: Nguyen Dung

The PPC report also indicated increased investment attraction, with 49 new industrial production projects commencing operations in just six months, with a total capital of over 3,341 billion VND – an increase of nearly 1,000 billion VND compared to the same period last year. Four key projects with capital ranging from 500 to over 1,000 billion VND focused on areas like wood processing, agricultural products, construction materials, and high-tech animal feed. The occupancy rate of industrial clusters across the province reached 84.2%.

Regarding public investment, Binh Dinh achieved a disbursement rate of 57.7% of the capital plan assigned by the Prime Minister – higher than the national average. Several strategic infrastructure projects are being expedited, such as the road connecting National Highway 19, Becamex VSIP Industrial Park, and Quy Nhon Port; the An Nhon – Thi Nai Lagoon route; and the Diem Van – Cat Tien coastal route.

Two key projects, the second runway at Phu Cat Airport and the Quy Nhon – Pleiku Expressway, are also under preparation. The second runway is expected to commence construction on 19/8/2025.

At the session, the Binh Dinh People's Council also reviewed important matters such as adjustments and supplements to the medium-term public investment plan for 2021–2025, the public investment plan for 2025, approval of the 2024 local budget settlement, and support policies for students from Nhon Chau island commune studying vocational skills in the province.

Alongside the achievements, provincial leaders also acknowledged existing challenges: agricultural production remains fragmented and lacks key products; infrastructure in some industrial clusters is incomplete and does not meet investment attraction requirements; and tourism remains monotonous.

From July 1st, Binh Dinh and Gia Lai will merge to form the new Gia Lai province with 135 communes and wards. 58 communes and wards of the current Binh Dinh province have completed budget estimations under the new model. This is considered an essential step in preparing the administrative apparatus for a more streamlined and efficient phase.

According to Nguyen Tuan Thanh, Permanent Vice Chairman of the Binh Dinh PPC, the province aims for a GRDP growth rate of over 8.5% for 2025, while reviewing and adjusting planning to suit the new administrative unit. Key tasks for the last six months will be specified with clear targets and resources to ensure the administrative transition does not affect socio-economic development.

Ho Quoc Dung, member of the Party Central Committee, Provincial Party Secretary, and Chairman of the Provincial People’s Council, emphasized that this session was particularly important in evaluating the socio-economic development in the first six months and marking a transition before Binh Dinh officially merges with Gia Lai on July 1st.

Pham Linh