According to statistics from the Ninh Binh Provincial Statistics Office, the region’s total social product (GRDP) for the first half of 2024 (in comparable 2010 prices) is estimated at VND 26,838.9 billion, an increase of 8.19% compared to the same period in 2023. This ranks Ninh Binh 12th out of 63 provinces and centrally-controlled cities and 6th out of 11 provinces and cities in the Red River Delta region.
REAPING NEARLY VND 6,000 BILLION FROM TOURISM
In the first half of 2024, tourism activities in Ninh Binh Province witnessed a positive upturn. Overall, the number of visitors to tourist sites in the province is estimated at 6,281,700, a surge of 38.5% compared to the first half of 2023, reaching 83.8% of the annual plan.
Of these, domestic visitors accounted for 5,580,900, an increase of 29.3%, while international visitors reached 700,800, a threefold rise. The number of visitors to accommodation facilities in the province is estimated at 1,184,100, a 79.4% jump, attaining 75.5% of the plan. The number of visitor-days is estimated at 1,294,200, up by 52.2%.
Tourism revenue for the first six months of the year is estimated at over VND 5,936.8 billion, a 54.2% increase compared to the same period last year, reaching 72.0% of the plan. This includes hotel revenue of VND 446.1 billion, a rise of 39.5%, and restaurant revenue of VND 2,945.3 billion, up by 49.2%.
Commercial and service activities in Ninh Binh Province during the first half of 2024 remained vibrant, maintaining high growth compared to the previous year, especially in the accommodation, catering, and tourism travel sectors.
Specifically, the total retail sales of goods in the province are estimated at nearly VND 39,456.1 billion, a 26.3% increase compared to the first half of 2023. Most commodity groups saw higher retail sales, with some groups experiencing high growth compared to the same period last year: food and foodstuffs are estimated at VND 14,913.5 billion, up 31.7%, and garments at VND 2,007.6 billion…
In the first half of this year, the province’s revenue from accommodation and catering services is estimated at VND 4,626.3 billion, a 29.8% increase compared to the same period in 2023. Revenue from travel services reached VND 57.9 billion, a 2.8-fold increase, while revenue from other services is estimated at VND 3,042.3 billion, up 12.8%.
FAVORABLE IMPORT AND EXPORT PERFORMANCE
The province’s industrial production index (IIP) in June 2024 is estimated to increase by 33.60% compared to the same month last year, with mining rising by 6.11%, manufacturing by 36.24%, electricity production and distribution falling by 4.65%, and water supply, waste management, and treatment activities climbing by 2.07%.
For the first half of 2024, the province’s IIP rose by 11.60%, with mining increasing by 18.05%, manufacturing by 10.48%, electricity production and distribution by 47.73%, and water supply, waste management, and treatment activities by 4.72%.
The industrial production value of the province (in comparable 2010 prices) for the first six months of the year is estimated at VND 48,651.5 billion, up 7.5% compared to the same period last year. This includes mining at VND 489.6 billion, a rise of 21.3%; manufacturing at VND 47,480.7 billion, an increase of 7.0%; electricity production and distribution at VND 590.4 billion, a surge of 47.7%; and water supply and waste management and treatment activities at VND 90.8 billion, a climb of 7.1%.
Several industrial products in the first half of the year witnessed considerable increases compared to the same period last year, including various types of stones at 2.0 million cubic meters, up 17.0%; shoes at 32.1 million pairs, an increase of 16.3%; urea fertilizer at 0.3 million tons, a surge of 43.0%; and NPK fertilizer at 65.8 thousand tons, a jump of 55.9%… However, some products experienced declines in production, such as animal feed at 14.0 thousand tons, a drop of 9.1%; embroidered goods at 0.4 million square meters, a fall of 48.6%; garments at 27.0 million units, a decrease of 8.8%; and prefabricated metal building components at 0.1 thousand tons, a plunge of 53.6%…
Total investment capital implemented in the first half of 2024 in Ninh Binh Province is estimated at over VND 15,289 billion, a 2.6% increase compared to the same period last year, reaching 46.3% of the annual plan. This includes state budget capital of VND 3,091.7 billion, a rise of 10.5%; non-state budget capital of VND 11,145.1 billion, a drop of 3.3%; and foreign direct investment capital of VND 1,052.5 billion, an increase of 80.5%.
Despite the unpredictable global economic landscape and declining demand in many major markets, Ninh Binh Province’s import and export performance in the first half of 2024 remained favorable, setting a positive tone for the rest of the year.
In the first six months of 2024, the total export value of goods is estimated at USD 1,694.3 million, an 11.8% increase compared to the same period last year, reaching 52.1% of the annual plan. Several key export items include cameras and components, estimated at USD 398.5 million; shoes at USD 456.4 million; cement and clinker at USD 306.3 million; garments at USD 151.5 million; electronic components at USD 69.3 million; and automobile parts and accessories at USD 65.1 million…
Some provincial export items witnessed significant growth compared to the same period last year, including canned pineapples and cucumbers at 4,400 tons, a rise of 10.4%; embroidered and lace products at 77,400 units, an increase of 29.3%; and shoes at 32.4 million pairs…
During the first half of 2024, the total import value of goods in Ninh Binh is estimated at nearly USD 1,567.4 million, a 14.9% increase compared to the same period last year, reaching 49.0% of the annual plan. The value of key import groups includes electronic components at USD 454.2 million; materials for shoe production at USD 349.2 million; automobile parts and accessories at USD 423.7 million; fabrics for garment production at USD 79.0 million; and automobiles at USD 27.6 million.
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