Hai Duong's economy flourishes

The production of electronic components is a bright spot in the provincial economic picture in the first three months of the year

Hai Duong’s economic growth rate in the first three months of the year reached 8.35%, higher than the national growth rate of 3.32%, ranking 9th out of 63 provinces and cities nationwide and 3rd in the Red River Delta, reported the provincial Statistics Office.

This is a positive and quite impressive result given difficult and complicated domestic and international contexts.

A number of industries were bright spots in the provincial growth during the period.

Industrial production was affected negatively but insignificantly thanks to its diversified structure and slight dependence on export.

The manufacturing of electronic components, office machines, automobiles and spare parts, etc. contributed to raising the provincial industrial production index by 12.3% year on year.

Motor vehicle production had the greatest part in industrial growth with an increase of 25.1%, followed by electricity production and distribution (12.5%) and electronic products (12.3%).

Trade, transport services, accommodation, and food and beverage also gradually became stable with a rise of 10-20%.

Hai Duong maintained its position in agricultural production as a strong locality in winter crops and created distinct features from this advantage.

Production value did not change much compared to the previous year despite a decrease of 349 ha in cultivation area thanks to a slight increase in the output.

Hai Duong maintains its position in agricultural production as a strong locality in winter crops

Winter-spring rice farming was basically favorable, ensuring planting dates.

Animal husbandry was maintained with the total cattle and poultry slightly increasing, meeting the market demand.

Aquaculture was at an average level, with no epidemics.

Despite the impressive results, Hai Duong still has a long way to achieve a growth rate of more than 9% for the whole year, especially at the face of many challenges.

There remains internal division in industry, which leads economy.

Garments and footwear fell by more than 4% against the corresponding period last year for lack of export orders. These sectors require a lot of laborers, so if this situation persists, it will affect income and social consumption.

The production of electrical equipment and coke dropped by 23.6% and 38.2%, respectively, because of narrower markets...

The province needs to take drastic measures, facilitate production and business of people and enterprises, solve long-standing backlogs, and create motivation to attract investment as the basis for the economy to prosper in the next months.

DUNG CUONG