According to Hai Phong Statistics Department, economic growth rate of Hai Phong in the early 09 months of 2021 was estimated to be 12.28% which is higher than the rate of 11.39% in the same period of 2020.
Rao Bridge Project has been in construction within attempts to reach the finish line.
Figures of 03 main areas of the city’s economy have positively increased.
Indeed, the area of agriculture, forestry, and aquaculture has risen 1.23% that made a contribution of 0.05 point percent to common growth; the area of industry and construction has increased 19.9% contributing 10.2 point percent; the area of services has grown 3.96% contributing1.52 point percent.
In the 09 months, total State revenue in Hai Phong city was estimated to be over VND 67 thousands billion, that is equivalent to 120% compared with same period of 2020. Total budget expenditure in the 09 months was estimated at more than VND 16 thousands billion, in which more than VND 6.3 thousands billion was spent for development investment balanced in the city’s budget.
Also, in that period, total capital gathered by banks in the city was estimated to be approximately VND 255 thousands billion.
In particular, investment activities have been actively occurring at the city’s area. In the 09 months, total investment capital of the whole society in Hai Phong City mostly reached VND 119 thousands billion, that increased 1.38% compared to the same period. Accordingly, foreign investment reached over USD 2.8 billion, being 3.25 times higher than the same period, and achieving 113.97% of the set out plan.
Other figures such as Index of industrial production (IIP) of the city grew 19.68% in comparison with same period of last year. Steel structure manufacturing, car tires and fertilizers have remarkably increased.
In terms of trade and services, good retails and services have been estimated over VND 112 thousands billionout of VND 169.61 thousands billion of the yearly plan.
In the 09 months of 2021,export turnover of Hai Phong was estimated USD 18.54 billion, increasing 25.52% compared to same period, through-port goods quantity at the city reached over 106 million ton, increasing 8.03% compared to same period of 2020.
To get an objective evaluation on Hai Phong’s economic picture, Hai Phong Statistics Department has currently made a survey, investigating, collecting comments of 171 enterprises operating in the city’s area, regarding manufacturing and business works ongoing time.
Accordingly, more than 64% enterprises commented that the manufacturing and business works at Hai Phong has been stable, tending to get better while over 35% of enterprises supposed a worsen situation.
Mr. Nguyen Van Tung, Chairman of Hai Phong People’s Committee guided at a regular meeting session of September 2021.
At the regular meeting session of Hai Phong People’s Committee on September 29 2021, according delegates’ assessment, during the early 9 months of 2021, despite a high level of the city’s economic growth compared to national average level and other provinces and cities of the country, due to COVID-19 pandemic’s impacts, several targets have continuously grown in comparison with same period, and they have not yet been stick to the set-out plan: domestic revenue (64.67%), cargo through port (66.87%), total capital investment of the whole society (58.25%); deeply declined tourist attraction compared to same period (-44,89%).
Towards completion of the year's goals according to the set plan, Mr. Nguyen Van Tung, Chairman of Hai Phong People’s Committee required departments, sectors, and districts to continuously implement double targets, which consists of the city’s economic development, effective COVID-19 prevention, and stable security and defense.
The Chairman underlined: “It needs to focus on leadership, direction for pushing public investment disbursement, in which it concentrates on speeding up administrative procedures implementation, going with enterprises, particularly paying attention to ground clearance work for investment attraction, highlighting new rural construction, urgently reviewing and listing slow disbursement projects so that the city navigates capital to other projects as well as enhancing measures for domestic revenue increase”.