In the first six months of 2023, in the context of the world situation being affected by the prolonged impact of the Covid-19 pandemic and the conflict between Russia and Ukraine, monetary policy will be tighter to control inflation and spending. The cost of input materials has increased,...The above factors have affected the production and business situation in the country and in the province. The Provincial Party Committee, People's Council, and People's Committee have led and directed drastic...

In the first six months of 2023, in the context of the world situation being affected by the prolonged impact of the Covid-19 pandemic and the conflict between Russia and Ukraine, monetary policy will be tighter to control inflation and spending. The cost of input materials has increased,...The above factors have affected the production and business situation in the country and in the province. The Provincial Party Committee, People's Council, and People's Committee have led and directed drastic...

1. Economic growth

Gross product in the province (GRDP) in the first 6 months of 2023 is estimated to increase by 8.21% over the same period in 2022. Compared to other provinces in the Red River Delta, Hung Yen ranks 4th/11 provinces, cities and provinces. Ranked 7th/63 provinces and cities nationwide. Economic growth of some provinces in the Red River Delta such as: Hai Phong increased by 9.94%; Quang Ninh increased by 9.46%; Nam Dinh increased by 8.5%; Bac Ninh decreased by 12.59%; Hai Duong increased by 7.23%; Thai Binh increased by 7.77%; Ha Nam increased by 6.22%;...

Regarding agricultural and aquatic production: agricultural production in the province in the first 6 months of the year was relatively stable, with no epidemics occurring in crops and livestock. The productivity of most crops increased compared to the same period last year, however, because the area planted with annual crops continued to decrease, the annual crop output decreased. Aquatic production in the province remains basically stable and has gradually diversified farming varieties. It is estimated that in the first six months of 2023, the agriculture, forestry and fishery sector will grow by 2.28%, contributing 0.23 percentage points to the overall growth rate.

Regarding industrial production and construction: Industrial production in the first 6 months of the year faced many difficulties due to the economic recession of major countries in the world. Businesses are at the same time affected by the shrinking market for some export products; lack of funds; Loan interest rates and foreign exchange rates fluctuate; Production and business costs increase;...Some industries of the province are greatly affected such as: animal feed production; metal production; production of electronic components; garment production;... Besides, construction activities are also affected by rising construction material prices. The estimated growth rate of the industry - construction sector reached 7.43% (of which industry reached 6.91%), contributing 4.47 percentage points to the overall growth rate.

Regarding commercial and service activities: in the first six months of 2023, service business activities continue to recover and develop after the Covid-19 epidemic. Total retail sales of goods and services increased compared to the same period last year and is a major contributor to the province's economic growth. It is estimated that in the first six months of the year, the growth rate of the trade and service sector reached 12.67%, contributing 2.97 percentage points to the overall growth rate. The real estate business has a major contribution to the growth of the service sector (9.94 percentage points) and the overall growth of the province (2.32 percentage points).

Estimated product tax minus product subsidies in the first six months of 2023 is estimated to increase by 8.56%, contributing 0.54 percentage points to the overall growth rate.

Nguồn trích dẫn: thongkehungyen.gov.vn