Hai Duong's economic growth in H1 likely to reach 10%

Hai Duong's economic growth in the 1st half of 2024 is estimated at 10%, according to the provincial Statistics Office. This is a high and positive growth rate, portending that the province will fulfill or overfulfill the growth target for the whole year (more than 9%).

The growth helps Hai Duong rank 7^th in the country and 3^rd in the Red River Delta, only after Hai Phong city and Ha Nam province.

In particular, the agro-aquatic-forestry sector is estimated to increase by 3.52%, coming 26^th in the country, including a rise of 6.1% in animal husbandry and 6.8% in aquaculture.

The industry and construction sector sees an estimated growth rate of 13.71%, remaining high from the end of 2023 and finishing 8^th in the country.

Construction activities flourished in the 1^st quarter with an increase of 9.2%, which, however, fell to 5.7% in the 2^nd quarter due to a decline in residential construction and commencement of new public investment projects.

The service sector ranks 25^th in the country in the first six months of the year with a rise of 6.9%.

The sector’s growth in the 2^nd quarter of 2024 is higher than the 1^st quarter of the year but lower than the 4^th quarter of 2023 because of inflation, difficult financial and credit activities, and a sluggish real estate market.

NM