According to the Department of Industry and Trade of Hai Duong province, the province's economy has achieved some outstanding results. The sectors managed by the Department of Industry and Trade such as industry, trade and import-export have maintained good growth rates, making important contributions to the overall growth of the province.
The gross regional domestic product (GRDP) is estimated to increase by 10.2% (exceeding the target of over 9%). The scale of GRDP (at current prices) reached VND 211,352 billion, 1.13 times higher than in 2023; the economic structure continued to shift in the right direction, the proportion of the Agriculture, Forestry, Fisheries - Industry, Construction - Services and Product Tax (excluding product subsidies) sectors were 8.2% - 56.6% - 26.6% - 8.6% respectively.
Industry is the key production sector and the most important driving force for Hai Duong's economic development. In 2024, industrial production recovered strongly with double-digit growth, playing the role of "locomotive" leading the economy forward.
According to the Department of Industry and Trade of Hai Duong province, the total industrial production value in 2024 (at 2010 comparative prices) is estimated at VND 387,832 billion, reaching 103.4% of the plan (exceeding 3.4% of the annual plan) and increasing by 14.8% compared to 2023. The industrial production index is estimated to increase by 13.9% over the same period.
The above results were achieved due to a large number of enterprises attracting investment, completing infrastructure and putting into production; enterprises expanding production scale, enterprises recovering from recession and export orders increasing again...
Hai Duong province has actively removed difficulties for enterprises in production and investment activities; proactively promoted trade and investment; simplified administrative procedures; promoted the completion of traffic infrastructure and social infrastructure to attract investment... focusing on some key products such as:
The electrical equipment manufacturing industry increased by 42.6%; the metal manufacturing industry increased by 18.7%; the motor vehicle manufacturing industry increased by 14.5%; the electronic products manufacturing industry increased by 13.8%; the garment industry increased by 14.8%; the food manufacturing and processing industry (main product is animal feed) increased by 14.4%; and electricity production increased by 10.1%.
