Bac Ninh achieves high economic growth in 9 months

Thursday, 29/09/2022 11:41
Along with policies to remove difficulties for socio-economic resumption and development in the first 9 months of 2022, the northern province of Bac Ninh has focused on implementing many synchronous solutions and effectively implementing key tasks to bring the province's economy and society to achieve many outstanding results.
Bac Ninh achieves high economic growth in 9 months. (Photo:  baobacninh.com.vn) 

According to a report of the Ministry of Planning and Investment, Bac Ninh recorded growth of 10.04% in gross regional domestic product (GRDP) in the first three quarters of 2022, hitting an estimated 105.13 trillion VND (443 billion USD), thanks to the rapid recovery of service and trade sectors after the COVID-19 pandemic.

Industry - construction increased by 10.9%, service 9.6%, product tax collection 3.2%, and agriculture - forestry - fisheries 0.2%, accounting for 77.4%; 16.4%; 3.8% and 2.4% of the GRDP growth, respectively.

The province’s industrial production index surged 13%, while its retail and consumer service revenue and foreign direct investment (FDI) attraction into industrial parks rose by 40% and 34.1%. 

Bac Ninh’s import-export turnover in the reviewed period reached about 65.3 billion USD, up 1.1%. Its exports were valued at 35.2 billion USD, up 4.1% over the same period last year.

According to Chairwoman of the Bac Ninh People's Committee Nguyen Huong Giang, in order to fulfill the socio-economic development targets in the coming time, the province will focus on overcoming the shortcomings and limitations; proactively forecasting and grasping the situation, removing difficulties for businesses and stabilizing people’s lives, and fulfilling the set economic and social development targets.

She suggested that departments, branches and localities in the province be determined, race against time, and speed up the disbursement rate of public investment capital./.

BTA

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