According to the Hai Duong Provincial Statistics Office, Hai Duong province's economic growth in 2024 is estimated at 10.2%; the 6th highest out of 63 provinces nationwide and the 3rd highest out of 11 in the Red River Delta region (after Hai Phong 11.01%; Ha Nam 10.93%).
The economic scale of Hai Duong province is estimated at 212,386 billion VND, continuing to rank 11th nationwide. The average GRDP per capita of the province is estimated at 107.4 million VND/person (equivalent to 4,456 USD/person); ranking 8th/11 in the Red River Delta region.
Contributing to the overall growth of 10.20%, the agriculture, forestry and fishery sector contributed 0.20 percentage points; industry and construction contributed 7.21 percentage points (of which industry contributed 6.67 percentage points, construction contributed 0.53 percentage points); services contributed 1.98 percentage points; taxes and product subsidies contributed 0.81 percentage points;
Hai Duong province's growth broke out strongly in the fourth quarter (up 11.66%) thanks to the province's production, business activities, and public investment disbursement having many improvements; growth.
In industry, the manufacturing industry continues to be a bright spot with an estimated growth rate of 14.17% (higher than the 2023 rate of 5.47%), contributing 5.88 percentage points to the overall GRDP increase, of which the automobile and auto parts manufacturing industry is the industry with the largest proportion in the manufacturing industry, maintaining high and stable growth throughout 2024, contributing about 1.07 percentage points to the GRDP increase.
Industries such as food processing; garment manufacturing; paper and paper products manufacturing; electronic, computer and optical products manufacturing; and equipment manufacturing will also maintain stable growth throughout 2024 and contribute about 2.6 percentage points to GRDP growth.
In addition to the need to repair works after storms, construction activities attracting investment and determination to disburse public investment capital will help the construction industry maintain a good growth rate in 2024 and contribute about 0.53% to GRDP growth.
