On the afternoon of July 31, the People's Committee of Cao Bang province held a meeting to assess the growth of gross regional domestic product (GRDP) in the second quarter and the first 6 months of 2025; and discussed solutions to manage the growth scenario for the third quarter and the last months of the year. Chairman of the Provincial People's Committee Le Hai Hoa chaired the meeting.
Cao Bang province's GRDP in the second quarter of 2025 is estimated at VND 3,588 billion (comparison price), up 6.47% over the same period, 2.05 percentage points lower than the set scenario.
Of which, agriculture - forestry - fishery increased by 5.02%; industry - construction increased by 5.78% (industry alone increased by only 1.87%); services increased by 9.12%, nearly reaching the target. In the first 6 months of the year, the GRDP of the whole province reached VND 6,295 billion, up 6.56%, 1.24 percentage points lower than the scenario, ranking 53rd out of 63 nationwide.
Of the 19 level I economic sectors, 18 have grown positively, many have increased by over 10% such as mining, construction, accommodation - food, transportation, education. One industry with negative growth is the production - distribution of electricity, gas and air conditioning (-4.5%).
Total investment capital in the first 6 months of the year reached VND 4,736 billion, up 25.32%; disbursement of public investment capital reached 41.8% of the plan, of which the Dong Dang - Tra Linh expressway project disbursed more than 53%.
The target for the third quarter is that Cao Bang province sets a GRDP growth target of about 9.41%, with the industry - construction sector expected to increase sharply by 16.37%.
In his concluding remarks, Chairman of the Provincial People's Committee Le Hai Hoa requested departments and branches to resolutely implement key solutions; focus on disease control, effective herding, improve the quality of agricultural products, stabilize construction material prices and improve the quality of medical examination and treatment, to ensure the growth target for the last months of the year.
"Towards real growth, industry commanders need to do specific things and achieve specific results. We must unblock capital flows, focus all our efforts to reduce all barriers related to private investment, creating a truly open environment" - Chairman of the Provincial People's Committee Le Hai Hoa emphasized.
