Hai Phong: The socio-economic situation in Q1/2024 continues to be stable and develop

DNHN - In Q1/2024, GRDP is estimated to increase by 9.32% compared to the same period in 2023. The industry-construction group is expected to grow by 11.24%, the service group by 8.00%, and the agriculture, forestry, and fishery group by 1.08%.

The socio-economic situation of Hai Phong City in Q1/2024 continues to be stable and develop. Some economic indicators continue to grow quite well compared to the same period, such as the industrial production index, total social investment capital, export turnover, total retail sales of goods and services revenue, and tourists. Completing and promulgating the City’s Planning for the period 2021-2030, with a vision to 2050, is a premise for the construction and development of the city in the future. Security and social order in the area are maintained.

Specifically, the gross domestic product (GRDP) in the area is estimated to increase by 9.32% compared to the same period in 2023, of which: the industry-construction group is estimated to increase by 11.24%; the service group is estimated to increase by 8.00%; the agriculture, forestry and fishery group is estimated to increase by 1.08% over the same period.

The total retail sales of goods and services revenue in March 2024 is estimated to reach VND 18,078 billion, an increase of 13.95% compared to the same period; in Q1/2024, it is estimated to reach VND 53,693.2 billion, an increase of 13.39% compared to the same period, reaching 24.13% of the plan.

The total state budget revenue in Hai Phong in Q1/2024 reached over VND 26,472 billion, equal to 24.8% of the Hai Phong City People’s Council’s estimate and 110.1% compared to the same period last year. Of which, domestic revenue reached over VND 12,904 billion, revenue from import-export activities reached over VND 12,627 billion, equal to 21.05% of the Hai Phong City People’s Council’s estimate and 86.35% compared to the same period last year.

The total foreign direct investment attraction in the city in Q1/2024 reached USD 253.35 million, equal to 54.48% compared to the same period (Q1/2023: USD 465.06 million), reaching 12.66% of the annual plan.

The industrial production index (IIP) in March 2024 is estimated to increase by 10.38% compared to March 2023, Q1 it is estimated to increase by 12.59% compared to the same period, of which: the manufacturing and processing industry increased by 12.22%; the water supply, waste and wastewater management and treatment industry increased by 6.97%; the mining industry increased by 16.84%; the electricity production and distribution industry increased by 23.61%.

Regarding business registration, in March, 333 new businesses were registered with a registered capital of VND 2,054.31 billion, a decrease of 9.51% in the number of businesses and a decrease of 1.94% in the registered capital compared to the same period; In Q1, it is estimated that 840 new businesses were registered with a registered capital of VND 5,301.33 billion, a decrease of 2.55% in the number of businesses and an increase of 13.53% in the registered capital compared to the same period.

In the coming time, the Hai Phong City People’s Committee requests that departments, sectors, localities, and units promote their sense of responsibility, proactiveness, and creativity, and focus on implementing the tasks and solutions set out in the Resolutions of the Government, the City Party Committee, and the City People’s Council on socio-economic development in 2024, focusing on implementing the following key tasks and solutions:

Deploying the Resolutions of the City Party Committee, the City People’s Council, and the Decisions of the City People’s Committee on the tasks and solutions for socio-economic development in 2024 promptly. Closely following the instructions in the 2024 Work Program of the City Party Committee, the Standing Committee of the City Party Committee, and the City People’s Committee, ensuring the requirements on progress and content as prescribed.

Implementing the midterm review of Resolution No. 35/2021/QH15 dated November 13, 2021, of the National Assembly on piloting some special mechanisms and policies for the development of Hai Phong City, submitting a report to the Government for the National Assembly at the end of 2024. Implementing the midterm review of 05 years of implementing Resolution No. 45-NQ/TW dated January 24, 2019, of the Politburo on building and developing Hai Phong City to 2030, with a vision to 2045; continuing to set out tasks and solutions to concretize the tasks of the term in conjunction with the preparation for the 17th Hai Phong City Party Congress.

Focusing on implementing the state budget estimate for 2024, striving to complete the state budget revenue task assigned by the City People’s Council. Promoting the disbursement of public investment capital. Focusing on implementing the 2024 City’s Theme “Promoting urban modernization and beautification - Building a new-style rural area - Strengthening the implementation of social policies and digital transformation”. Deploying the approved plans synchronously.

Focusing on speeding up the completion of site clearance, and speeding up the progress of investment projects in the city, especially key projects. Removing obstacles in the implementation of non-state budget investment projects, especially projects that have a great impact on the socio-economic development of the city and each district and county.

Organizing the implementation of the Resolutions adopted by the City People’s Council; preparing project documents and reports to be submitted at the specialized and regular sessions of the City People’s Council in 2024.

Coordinating closely, effectively, and timely between levels, sectors, and localities to achieve the highest level of goals, targets, tasks, and solutions set out. Further promoting the sense of responsibility, proactiveness, creativity, daring to think, daring to do, and daring to take responsibility for the common interests. Rectifying and thoroughly overcoming the avoidance and shirking of responsibility in the performance of official duties.

Nam Tri Duc