Five Vietnamese regions that will lead the GRDP in 2023
- 124
- Business
- 09:49 30/11/2023
DNHN - On the contrary to Bac Ninh, a prominent industrial hub in the northern region, a considerable number of provinces and cities experienced substantial economic expansion, outperforming the performance of the previous year.
Based on data from the General Statistics Office, the gross regional product (GRDP) growth rates of five provinces and cities are the highest in the nation this year. Bac Giang has the highest at 13.45%, followed by Hau Giang at 27%, Quang Ninh at 11.03%, Khanh Hoa at 10.35%, and Hai Phong City at 10.34% when compared to the corresponding period in 2022.
Furthermore, the GRDP growth rate in these regions has reached noteworthy levels in 2022. In comparison to the previous year, the following cities experienced growth: Hau Giang witnessed a 13.94% increase, Quang Ninh saw a 10.28% increase, Khanh Hoa observed a 20.7% increase, and Hai Phong city displayed a 12.32% increase. Additionally, several other municipalities have experienced substantial growth rates in their GRDP this year. These include Nam Dinh, which witnessed a growth rate of 10.19%, Hung Yen, which surged at 10.05%, Ha Nam, which increased by 9.41%, Ninh Thuan, which surged by 9.4%, and Phu Yen, which surged by 9.16%.
The country's two largest economic centers, Ho Chi Minh City and Hanoi, will continue to experience economic expansion in 2023. Hanoi is projected to experience a growth of approximately 6.27%, whereas Ho Chi Minh City is anticipated to witness an increase of 5.7% during the corresponding period of the previous year.
According to the General Statistics Office, certain regions experienced an economic downturn in 2018 when compared to 2022. These regions include Ba Ria Vung Tau province, which witnessed a decline of 1.02%, Lai Chau, which witnessed a decline of 2.77%, and Quang Nam, which witnessed a decline of 8.25%. When speaking with Tuoi Tre Online, a representative of the General Statistics Office stated that even though the domestic and international economic climate in 2023 remains fraught with challenges, certain provinces and cities have managed to attain this level of development. High growth as a result of retaining key export products and capitalizing on additional growth advantages.
Phuong Anh
Related news
- Businesses need to increase adaptability to join the global supply chain
- Agricultural exports are forecast to reach nearly 60 billion USD in 2024
- General Secretary Nguyen Phu Trong: An outstanding politician, a great theorist
- Why is bank security very important?
- Export businesses face difficulties as sea freight rates rise
- Banks and challenges in funding green projects
- Strategies for innovation to adapt and seize opportunities by enterprises
- The Ho Chi Minh City Friendship Dialogue and the Ho Chi Minh City Economic Forum will take place in September 2024
- Why is it necessary to implement the direct electricity purchase mechanism soon?
- How are bank bond interest rates attractive to investors?
- Bamboo Airways aims to break even and become profitable by 2025
- Overcoming rising input costs and supply challenges in business
- The strong growth of air travel demand in Vietnam
- New proposal on petroleum business: Enterprises can have the freedom to set retail prices
- Electric vehicle market share in Vietnam: Development trends and challenges
- Farm School - What legal framework is needed for this new model?
- Digital transformation in the banking sector: The future direction of financial services
- EuroCham: European enterprises confident in Vietnam's long-term economic growth
- The journey from Nghe An fields to the TH True Milk brand
- Why support taxi businesses transitioning to electric vehicles?
Đọc thêm Business
Agricultural exports are forecast to reach nearly 60 billion USD in 2024
Vietnam's agricultural sector is a bright spot with increasing export potential. It is forecast that in 2024, Vietnam could reach an export level of nearly 60 billion USD, opening up great opportunities for sustainable development in this sector.
General Secretary Nguyen Phu Trong: An outstanding politician, a great theorist
General Secretary Nguyen Phu Trong's passing is a great loss for our Party and the people of Vietnam, leaving infinite regret among the people of the entire country and internationally.
Export businesses face difficulties as sea freight rates rise
Logistics costs have now increased by about 130% compared to the end of 2023. This reality has been pushing domestic export businesses into a state of freezing many export orders.
The Ho Chi Minh City Friendship Dialogue and the Ho Chi Minh City Economic Forum will take place in September 2024
The 2nd Ho Chi Minh City Friendship Dialogue (Ho Chi Minh City Friendship Dialogue – FD) in 2024, themed "Industrial transformation: Experiences and priorities in development cooperation", will take place from September 23-24, 2024.
Why is it necessary to implement the direct electricity purchase mechanism soon?
Implementing the direct electricity purchase mechanism brings many economic and environmental benefits and creates condition for the sustainable development of the electricity sector. Thus, this mechanism has become increasingly necessary and urgent.
How are bank bond interest rates attractive to investors?
Bank bonds are attracting investor interest due to their attractive interest rates and high level of security. This is a popular choice among investors in stable and safe financial products today.
Overcoming rising input costs and supply challenges in business
Currently, businesses are facing significant challenges as input costs rise and supply becomes difficult. The shortage of supply can impact business operations, profits, and the competitiveness of businesses.
The strong growth of air travel demand in Vietnam
Vietnam is becoming a top tourist destination in Southeast Asia, with the strong growth in air travel demand creating both opportunities and challenges for the industry.
Tourism and resort real estate begins to show more positive signals
Tourism and resort real estate, although affected by the pandemic, are showing many signs of recovery and many new positive opportunities in the coming period.
Electric vehicle market share in Vietnam: Development trends and challenges
The global automotive industry is transitioning from internal combustion engines to electric vehicles, aiming to reduce pollution and protect the environment. In Vietnam, the electric vehicle is growing rapidly, but it also faces many challenges.