Illustration. (Source: Vietnam+)
According to the General Statistics Office's forecast, in the first 6 months of 2023, the whole country has 59 provinces and cities estimated to achieve positive growth and 4 negative growth, in which, with the GRDP growth rate in the first 6 months of 2023 estimated at 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 an estimated growth rate 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, there are Quang Ninh, Ca Mau, Nam Dinh, Hung Yen, Ninh Thuan, Khanh Hoa and Thai Binh.
Thus, Hai Phong is the only city directly under the Central Government in the top 10 localities with high growth forecast in the first 6 months of the year. The remaining four centrally-run cities are forecast to have modest growth rates and rank only at the national average.
Specifically, Hanoi is forecasted to increase by 5,97%, ranking only 30/63 provinces and cities; Da Nang 3,74%, ranked 46th; Can Tho 3,71%, ranked 47th and the lowest is Ho Chi Minh City 3,55%, ranked 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 decreased by 3,47%; Vinh Long only reached 0,44%; Hoa Binh reached 0,73%; Ha Giang reached 1,18%; Vinh Phuc reached 1,69%; Soc Trang reached 1,83% and Son La reached 2,1%.
According to the General Statistics Office, with Hau Giang's growth due to the end of 2022, Hau Giang achieved a spectacular growth rate of 13,94%, ranked first in the Mekong Delta region and rose to the fourth in the country (up 4 places compared to 35), with a view to focusing on developing four important pillars, namely industry-agriculture-tourism and urban areas.
In the first quarter of 1, although the index of industrial production (IIP) in the province did not achieve the same increase as the same period last year, it still achieved a remarkable figure with an increase of 2023%.
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 4% and 5% respectively over the same period; contributing to the industrial production index in the first 14,47 months of the year increased by 13,91% over the same period; in which, the processing and manufacturing industry accounted for the largest proportion in the whole industry, increasing by 5% over the same period; electricity production and distribution increased by 13,92%; water supply and waste and wastewater treatment increased by 8,34%.
Also in the first 5 months of the year, the total investment in social development implemented in Hau Giang province was estimated at 8.810 billion VND, up 9,03% over the same period last year.
Contributing to Hau Giang's strong growth in the first months of the year was also the steady growth of total retail sales of goods, revenue from consumer services and accommodation, catering, and travel services, thanks to the rapid development of the wholesale and retail market and consumer demand.
Generally, in the first 5 months of the year, total retail sales of goods, revenue from consumer services and accommodation, catering, and travel services in Hau Giang province were estimated at 23,32 trillion VND, up 13,3%.
However, according to the General Statistics Office, besides the localities with high growth rates, Bac Ninh is the locality with negative growth due to the deep decline of the industrial sector.
Manufacture of garments for export. (Source: Vietnam+)
Bac Ninh's economy is forecasted to have the fastest growth rate in the country in the first 6 months of 2023 due to a deep decline in the industrial sector, especially in some key industries in the processing and manufacturing industry.
The main reason is the weakening of international consumption demand because some countries fell into recession and inflation, which greatly affected the import and export activities of enterprises, especially the export of products.
Not only that, many businesses in Bac Ninh had their orders cut or sporadic orders were cut, so they were forced to downsize production, force workers to quit or reduce working hours, or even dissolve. Along with that, the FDI sector, which is the economic engine of Bac Ninh, is also facing many problems that need to be solved.
According to the statistics of the Bac Ninh Provincial Department of Statistics, in the first 5 months of 2023, the industrial production index decreased by 19,02% compared to the same period last year and this is also the largest decrease in the past 5 years.
Besides, although, in the first months of the year, Bac Ninh province has made many efforts in disbursing public investment capital, but still has not achieved the desired results. Realized investment capital accumulated from the state budget in the first 5 months of 2023 decreased by 10,2% compared to the same period last year.
