Hai Duong province's economic growth ranks 6th in the country and 3rd in the Red River Delta.

On the afternoon of January 2, the Hai Duong Provincial Statistics Office held a press conference to announce the results of the province's socio-economic targets in 2024.

Accordingly, in 2024, Hai Duong's economic growth will reach 10.2%, ranking 6th out of 63 provinces and cities nationwide and 3rd out of 11 provinces and cities in the Red River Delta (after Hai Phong City 11.01%, Ha Nam 10.93%).

The province's economic scale is estimated at 212,386 billion VND, continuing to rank 11th nationwide. The province's average GRDP per capita is estimated at 107.4 million VND/person (equivalent to 4,456 USD/person), ranking 8th/11 in the Red River Delta region.

The province's economic structure has shifted positively towards reducing the proportion of agriculture, forestry and fishery sectors and increasing the proportion of industry and construction sectors, in line with the goal of industrialization and modernization. In 2024, the proportion of industry - construction and services will account for 83% of GRDP (in 2023, it will account for 82.6%).

State budget revenue increased sharply, setting a record so far. Banking credit activities in the area were stable, fully meeting the service needs of organizations and individuals. Total mobilized capital for the year reached VND 211,278 billion, up 8%; total outstanding credit balance was VND 148,723 billion, up 11% compared to 2023; on-balance sheet bad debt accounted for 0.79% of total outstanding credit.

The average consumer price index (CPI) for the whole year of 2024 increased by 3.35% compared to the same period.

Total development investment capital in the area in 2024 is estimated at VND 64,615 billion, up 12.6% over the previous year. Of which, state capital is VND 10,300 billion, up 11%; non-state capital is VND 38,135 billion, up 5.3%; foreign direct investment is VND 16,180 billion, up 35.8%.

In 2024, Hai Duong attracted 217 domestic investment projects with a total registered capital of VND 11,489 billion. The province granted investment certificates to 70 new FDI projects with a total capital of USD 457.7 million, the second highest year (after 2023) in the past 10 years.

In 2024, despite facing many difficulties, industrial production in the province will recover quickly, which is the driving force for the overall growth of the whole province. The province's industrial production index in 2024 will increase by 14.2% compared to 2023. Important manufacturing industries such as animal feed production, garment, metal production, electricity, electronics, and motor vehicle accessories (accounting for 65% of industrial production value) will all maintain good growth rates.

Trade and service activities continued to have positive changes. Total retail sales of consumer goods and services reached VND101,934 billion, up 14.2% over the same period last year. Revenue from transportation, warehousing and transportation support was estimated at VND16,193 billion, up 14.9%. Value of exported goods was USD10,350 million, up 9.5%. Value of imported goods was estimated at USD8,414 million, up 12%...

Agriculture, forestry and fishery sector grew by 2.06%.