Tìm kiếm: growth

The northern province of Ninh Binh posted an economic growth rate of 7.56% growth in the first half of 2023, ranking 6th out of 11 provinces and cities in the Red River Delta and 12th out of the country's 63 provinces and centrally-run cities. However, amid the context of low market demand, lack of foreign orders, and complex political situation, achieving the economic growth target of 7.5% in 2023 is a great challenge for Ninh Binh, requiring numerous solutions to spur economic growth.

In the National Development Plan for the 2021-2030 period, with a vision to 2045, the Party and State place high expectations on the fundamental role of science, technology and innovation, considering this a "Breakthrough Strategy" and the "main motivation" to create breakthroughs in productivity, quality, efficiency and economy's competitiveness.

Ninh Binh posted an economic growth rate of 7.56% growth in the first half of 2023, ranking 6th in the Red River Delta and 12th out of the country's 63 provinces and centrally-run cities.

Ninh Binh's trade and service sectors, especially tourism, accommodation and catering services, saw strong performance and recorded high growth in April as compared to the same period last year, according to a report released by the provincial People's Committee.

In the first quarter of 2023, Ninh Binh posted an economic growth rate of 8.45%, ranking 6th in the country and 2nd in the Red River Delta region.

Ninh Binh province boasts a lot of potential and advantages to develop its fishery sector as it has a 15-kilometer coastline and over 6,200 hectares of brackish water surface and over 20,000 hectares of inland fresh water surface for aquaculture. In addition, the province's fishery sector has an abundant and experienced workforce. These potential and advantages have helped the local fishery sector develop strongly in recent years, thus contributing greatly to the province's economic structure, increasing incomes and creating jobs for local people and stabilising the socio-economic situation.

Only nine out of 46 export items yielded positive growth during the first two months of the year, according to the General Department of Vietnam Customs.

The tourism sector plans to welcome 110 million tourist arrivals this year, including 8 million foreigners, for 650 trillion VND (27.39 billion USD).

The Red River Delta's gross domestic product (GDP) is expected to expand by about 9% on average each year in the 2021-2030 period, according to a government resolution.

The Ministry of Agriculture and Rural Development (MARD) is striving to increase the proportion of science, technology and innovation's contributions to the sector's growth by over 50% by 2030 through research, transfer and application activities.

While consumption has shown signs of slowing down, attracting foreign investment with strong growth in realised capital but not yet recovering in newly registered capital, public investment will still be the main driver of economic growth in 2023.

The northern province of Ninh Binh continues to strongly renew its growth model, restructure its economy based on the application of science, technology and innovation in association with the synchronous implementation of the province's three breakthroughs, namely digital transformation, human resources and infrastructure development.

Though facing a range of difficulties due to fluctuations in food prices, complicated weather developments, and disruption in consumption markets, Ninh Binh province's fishery sector has continued to maintain its high growth in 2022 thanks to the application of drastic and suitable measures.

Thanks to practical and effective solutions, Ninh Binh's tourism sector has revived strongly after the COVID-19 pandemic with increasing number of tourist arrivals. The province's tourism sector and trave companies have made efforts to renovate promotion programmes and diversify tourism products in a bid to draw more visitors in the year-end months.

The National Assembly passed a resolution on socio-economic development tasks for 2023 at its year-end session on November 10, with GDP projected to expand by 6.5%.

The Department of Agriculture and Rural Development of Ninh Binh province organised a meenting on October 7 to review the sector's performance in the first nine months and launch tasks and solutions in the remaining quarter of 2022.

Though price fluctuations and political conflicts have affected international trade, Ninh Binh province's export still achieved impressive growth in the first eight months of 2022.

The Asian Development Bank (ADB) has maintained its favourable economic outlook for Vietnam as it forecasts the country's gross domestic product to expand 6.5% in 2022 and 6.7% in 2023, based on the update of its flagship economic report released on September 21.

Prime Minister Pham Minh Chinh has signed a decision, establishing a national steering committee on green growth led by Deputy Prime Minister Le Van Thanh.

Ninh Binh province has defined that green growth is based on developing tourism sustainably and clean industry to create high production value. These will serve as a foundation for Ninh Binh to turn itself into a key tourism centre of the country and the region and become a relatively developed province in the Red River Delta.

The northern province of Ninh Binh's GRDP in the first six months of 2022 reached 22.5 trillion VND (968 million USD), a year-on-year increase of 3.53%. In an attempt to fulfill the growth target set in Resolution No. 104/ NQ-HDND dated December 10, 2021 of the provincial People's Council, local administrations at all levels and sectors have been implementing synchronous measures to reach the GRDP growth rate of 7%, equivalent to 48.58 trillion VND (2.08 billion USD).

Despite moderation in July exports this year, Moody's Analytics - a unit of Moody's Corporation, has forecast Vietnam's GDP growth in 2022 to reach 8.5% - the highest among its peers in the Asia-Pacific region.

Thanks to the drastic implementation of measures to control poultry and animal diseases, Ninh Binh province's animal husbandry sector has recovered and developed both in quality and quantity, recording high growth as compared to the same period last year.

The Ninh Binh Provincial People's Committee held a meeting on July 6 to discuss measures to boost the province's economic growth in the second half of 2022 and the coming time.

The series of 31 SEA Games events have helped Vietnam's tourism gain many positive results in May and the first five months of 2022, both in terms of international arrivals and revenue from travel and other tourism services.