Yen Bai province’s GRDP higher than growth scenario

Economy

Yen Bai province’s GRDP higher than growth scenario

Thursday, July 8, 2021

YBO - Despite a wide range of difficulties caused by the COVID-19 pandemic, Yen Bai province successfully realised the dual goal in the first half of 2021. Many socio-economic criteria have exceeded 50 percent of the set targets and seen increases compared to the same period last year.

Leaders of the provincial People’s Committee chair the conference reviewing the six-month performance of socio-economic development tasks

The information was announced by the provincial People’s Committee at a conference held on July 7 to review the implementation of socio-economic development tasks in the first six months of the year and embark on tasks in July and the second half of 2021.

The province’s gross regional domestic product (GRDP) growth reached 5.68 percent in the first half, 0.13 percentage point higher than the growth scenario of 5.55 percent. This is a relatively high growth rate as the country and Yen Bai province in particular have been affected by the COVID-19 pandemic.

In the first six months of the year, Yen Bai’s grain production was estimated at 181,816 tonnes, equaling 58.1 percent of the plan, up 2.17 percent compared to the growth scenario.

The Index of Industrial Production (IIP) maintained a good growth rate, reaching 7.64 percent. The province’s industrial production value was estimated at 6.5 trillion VND, equaling 46 percent of the plan, or 0.06 percent higher than the growth scenario, up 26.3 percent over the same period.

Total retail sales of goods and services in the reviewed period increased by 16.45 percent over the same period, estimated at 10.64 trillion VND, equaling 49.5 percent of the plan and reaching 99.69 percent of the growth scenario.

Its export turnover was estimated at 98 million USD, up 47.81 percent over the same period last year, up 4.14 percent compared to the growth scenario.

Total development investment in the first six months was estimated at 6.51 trillion VND, up 4.03 percent compared to the growth scenario and 7.36 percent over the same period last year.

The amount of disbursed public investment reached 1.86 trillion VND, equivalent to 42.3 percent of the plan.

Duc Toan - Manh Cuong

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Economy