According to the latest data from the Ninh Binh Statistics Bureau, the province’s total export turnover in November 2024 is estimated at nearly $261.5 million, a 7.3% decrease compared to the same month in 2023.
For the period of January to November 2024, the province’s total export turnover is estimated to exceed $3 billion, a 6.5% increase compared to the same period last year. Some of the key export commodities include various types of footwear, estimated at $884 million; cameras and camera components, $657.7 million; cement and clinker, $486.9 million; garments, $299 million; electronic components, $143.4 million; and automobile parts and accessories, $132.5 million.
Certain commodities have witnessed significant growth in export compared to the previous year, including embroidered goods, with 245,500 pieces, a 38.6% increase; various types of footwear, with 60.6 million pairs, a 13.5% increase; electronic components, with a value of $143.4 million, a 31.5% increase; children’s toys, with 18.1 million pieces, a 60.4% increase; automobile parts and accessories, with a value of $132.5 million, a 51.5% increase; and plastic bags, with a volume of 2,000 tons, a 61.1% increase.
However, some commodities have experienced a decline in exports compared to the previous year, including canned pineapples and cucumbers, with a volume of 7,800 tons, a 11.3% decrease; concentrated pineapple juice, with a volume of 1,900 tons, a 10.3% decrease; and cement and clinker, with a volume of 12.1 million tons, a 22.3% decrease.
The province’s import turnover in November 2024 is estimated at over $296.5 million, a 21.8% increase compared to the same month in 2023.
For the period of January to November 2024, the total import turnover is estimated at over $2.96 billion, a 15.9% increase compared to the same period last year. The main import commodities include automobile parts and accessories, valued at $926.4 million; electronic components, $775.9 million; footwear production materials, $579.4 million; various types of fabric for garment production, $135.3 million; and automobiles, $71.8 million.
The industrial production sector in Ninh Binh province continued its positive recovery trend in November. For the period of January to November 2024, the province’s industrial production recorded a notable increase compared to the same period last year.
Specifically, the Industrial Production Index (IPI) for Ninh Binh province in November 2024 is estimated to increase by 10.45% compared to the same month last year. This growth can be attributed to increases in the mining sector (15.16%), manufacturing (10.93%), and water supply, waste management, and treatment activities (2.24%). However, there was a decrease in the electricity production and distribution sector, which fell by 3.97%.
For the period of January to November 2024, the IPI for the entire province increased by 11.68% compared to the same period in 2023. This growth was driven by increases in the mining sector (17.88%), manufacturing (11.41%), electricity production and distribution (20.14%), and water supply, waste management, and treatment activities (3.87%).
The estimated value of industrial production for the period of January to November 2024 in the province is VND 95,138.8 billion, a 9.6% increase compared to the same period last year. This includes mining, with an estimated value of VND 1,033.4 billion, a 17.7% increase; manufacturing, VND 92,829.1 billion, a 9.4% increase; electricity production and distribution, VND 1,070.5 billion, a 20.1% increase; and water supply, waste management, and treatment activities, VND 205.8 billion, a 5.8% increase.
In November 2024, the total realized investment capital in Ninh Binh province is estimated at VND 3,162.5 billion, an 8.2% increase compared to the same month last year. This includes state capital, which reached VND 754.6 billion, a 15.5% decrease; non-state capital, VND 2,256.6 billion, a 19.6% increase; and foreign direct investment, VND 151.3 billion, a 5.6% increase.
For the period of January to November 2024, the total realized investment capital in the province is estimated at VND 30,434.2 billion, a 4.3% increase compared to the same period in 2023. This includes state capital, which reached VND 6,244.5 billion, a 2.3% increase; non-state capital, VND 22,532.8 billion, a 4.1% increase; and foreign direct investment, VND 1,656.9 billion, a 15.6% increase.
In November 2024, the total retail sales of goods in Ninh Binh province is estimated at over VND 7,805.3 billion, a 25.9% increase compared to November 2023. For the period of January to November 2024, the total retail sales of goods in the province are estimated at over VND 74,123.6 billion, a 26.1% increase compared to the same period last year.
The province’s tourist attractions are estimated to have received over 427,000 visitors in November 2024, a 15.1% increase compared to the same month last year. This includes approximately 342,000 domestic visitors, a 9.2% increase, and nearly 86,000 international visitors, a 46.6% increase.
For the period of January to November 2024, the total number of visitors to the province’s tourist attractions is estimated to exceed 8.1 million, a 30.4% increase compared to the same period in 2023. This includes over 7 million domestic visitors, a 21.1% increase, and more than 1 million international visitors, a remarkable 170% increase. The tourism revenue for the province in November 2024 is estimated at nearly VND 8,420 billion, a 39.3% increase compared to the same period last year.
Vietnam Achieves $24.31 Billion Trade Surplus in the Last 11 Months
According to the General Statistics Office, the total import and export turnover of goods in November reached a preliminary figure of $66.4 billion, a 4.1% decrease from the previous month. For the eleven-month period ending November 2024, the total import and export turnover of goods reached a preliminary value of $715.55 billion, reflecting a 15.4% increase compared to the same period last year. This growth was driven by a 14.4% rise in exports and a 16.4% surge in imports. The trade balance recorded a surplus of $24.31 billion during this period.
The Textile Industry’s Steady Growth: Rising Above Challenges
In 2024, the textile industry achieved remarkable growth, with exports reaching 44 billion USD, an increase of 11.26% from the previous year. The industry has set its sights on an ambitious target of 47-48 billion USD for 2025. However, it is currently facing several challenges, including limited access to large orders, stagnant unit prices, and reliance on external sources for raw materials.
The Province Next Door to Ho Chi Minh City is Getting a 1,000-Hectare Industrial Park
On November 28, 2024, Deputy Prime Minister Tran Hong Ha signed Decision No. 1479/QD-TTg on the policy for the investment project to construct and operate the infrastructure of the Xuan Que – Song Nhan Industrial Park (phase 1) in the southern province of Dong Nai.
The Art of Trade: Unveiling November’s $681 Billion Dollar Secret
Despite a decline in the first half of November, the total trade value of goods from the beginning of the year to November 15, 2024, reached an impressive $681.48 billion. This remarkable figure marks a 15.7% increase compared to the same period in 2023. Exports witnessed a 14.8% surge, while imports climbed even higher, reaching a 16.6% increase.
The Dragon Capital Group Sells 5.5 Million Shares as DXG Surges
In a trading session that saw DXG shares of Dat Xanh Group surge by 6.2% to 17,100 VND per share, foreign shareholder Dragon Capital offloaded 5.5 million shares to reduce their ownership stake to below 10%.
