Illustration photo. (Source: Vietnam+)
According to the forecast of the General Statistics Office, in the first 6 months of 2023, the whole country has 59 provinces and cities estimated to achieve positive growth and 4 provinces with negative growth, in which with the GRDP growth rate in the first 6 months of 2023 forecasted to reach 14.21%, Hau Giang province continues to affirm its leading position in the Mekong Delta region and rise to the top of the country.
The next two positions belong to Bac Giang and Hai Phong city with estimated growth rates of 10.94% and 9.94% respectively.
Among the top 10 provinces and cities with the highest growth forecast in the first 6 months of 2023 are Quang Ninh, Ca Mau , Nam Dinh, Hung Yen, Ninh Thuan, Khanh Hoa and Thai Binh.
Thus, Hai Phong is the only centrally-run city in the top 10 localities with high growth forecasts in the first 6 months of the year. The remaining four centrally-run cities are forecast to have quite modest growth rates and are only ranked at the national average.
Specifically, Hanoi is forecast to increase by 5.97%, ranking only 30/63 provinces and cities; Da Nang 3.74%, ranking 46th; Can Tho 3.71%, ranking 47th and the lowest is Ho Chi Minh City 3.55%, ranking 48th.
In contrast, the 10 localities with the lowest growth forecast are Bac Ninh, down 12.59%; Quang Nam, down 9.16%; Lai Chau, down 6.32%; Ba Ria-Vung Tau, down 3.47%; Vinh Long, down 0.44%; Hoa Binh, down 0.73%; Ha Giang, down 1.18%; Vinh Phuc, down 1.69%; Soc Trang, down 1.83% and Son La, down 2.1%.
According to the General Statistics Office, Hau Giang's growth rate is due to the end of 2022, Hau Giang achieved a spectacular growth rate of 13.94%, leading the Mekong Delta region and rising to 4th place in the country (up 35 places compared to 2021), with the perspective of focusing on developing 4 important pillars: industry-agriculture-tourism and urban areas, Hau Giang's economy in the first months of 2023 continued to flourish, most of Hau Giang province's economic indicators had a good growth rate compared to the same period.
In the first quarter of 2023, although the industrial production index (IIP) in the province did not achieve the same growth rate as the same period last year, it still reached a remarkable figure with an increase of 13.05%.
Along with the recovery of the domestic consumption market, the industrial production index (IIP) of Hau Giang province continued to increase in April and May by 14.47% and 13.91% respectively over the same period; contributing to the industrial production index in the first 5 months of the year increasing by 13.92% over the same period; in which, the processing and manufacturing industry is the industry with the largest proportion in the entire industry, increasing by 8.34% over the same period; the electricity production and distribution industry increased by 270.92%; the water supply and waste and wastewater treatment industry increased by 13.92%.
Also in the first 5 months of the year, the total social development investment capital implemented in Hau Giang province is estimated at 8,810 billion VND, an increase of 9.03% over the same period last year.
Contributing to the strong growth of Hau Giang in the first months of the year is the stable growth of total retail sales of goods, consumer services and accommodation, food and beverage, tourism and travel services, thanks to the rapid development of the wholesale and retail market and the consumer demand of the people.
In the first 5 months of the year, total retail sales of goods, consumer services and accommodation, food and beverage, and tourism services in Hau Giang province are estimated to reach VND23.32 trillion, up 13.3%.
However, according to the General Statistics Office, besides localities with high growth rates, Bac Ninh is the locality with negative growth due to the deep decline of the industrial sector.
Garment production for export. (Source: Vietnam+)
Bac Ninh's economy is forecast to have the sharpest growth decline in the country in the first 6 months of 2023 due to the deep decline in the industrial sector, especially in some key industries in the manufacturing and processing industry.
The main reason is the weakening of international consumer demand as some countries fall into recession and inflation, which greatly affects the import and export activities of businesses, especially product exports.
Not only that, many businesses in Bac Ninh have had their orders cut or orders sporadic, forcing them to reduce their production scale, forcing workers to quit or reduce working hours, or even dissolve. Along with that, the FDI sector, which is the economic driving force of Bac Ninh, is also facing many problems that need to be resolved.
According to data from the Bac Ninh Provincial Statistics Office, in the first 5 months of 2023, the industrial production index of the whole industry decreased by 19.02% compared to the same period last year, which is also the largest decrease in the past 5 years.
Besides, although Bac Ninh province has made many efforts in disbursing public investment capital in the first months of the year, it has not yet achieved the desired results. Investment capital implemented from the accumulated state budget in the first 5 months of 2023 decreased by 10.2% compared to the same period last year.
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