GRDP in second quarter of 2024 increases by 8.06%

Illustrative photo.

According to the report of the General Statistics Office, the economy of Bac Ninh province in the first quarter of 2024 has improved somewhat compared to 2023, when the GRDP growth rate only decreased by 3.52% compared to the same period last year (while in the whole year of 2023, the GRDP growth rate decreased by 9.28%).

Entering the second quarter, the world economy continued to face many difficulties and challenges. However, the Provincial Party Committee and the Provincial People's Committee have had drastic and in-depth leadership, direction, and management solutions with specific scenarios, closely following the situation and promptly resolving bottlenecks; key industries have had positive changes in the product consumption market. Therefore, it is estimated that GRDP in the second quarter of 2024 has increased again with a quite impressive increase (+8.06%) compared to the same period last year, pulling the growth in the first 6 months of 2024 up 2.32% over the same period.

All three economic sectors experienced growth, the service sector increased the most (+5.62%), followed by agriculture, forestry, and fishery with an increase of 2.65% and industry and construction increased by 1.35%. At the same time, product taxes minus product subsidies increased slightly.