Hung Yen records economic growth of 8.11%

According to statistics from Hung Yen Province, the province’s gross regional domestic product (GRDP) in the first six months of the year, after consolidation, has increased by 8.11% compared to the same period in 2024.

Nguyen Huu Nghia, Secretary of Hung Yen Provincial Party Committee, visits production activities at Ngoc Te Footwear Co., Ltd. in Hung Yen Province.
Nguyen Huu Nghia, Secretary of Hung Yen Provincial Party Committee, visits production activities at Ngoc Te Footwear Co., Ltd. in Hung Yen Province.

Specifically, the agriculture, forestry and fisheries sector grew by 2.17%; the industry and construction sector rose by 9.61%; and the trade and services sector expanded by 8.47%; while taxes on products minus subsidies on products increased by 8.65%.

All three economic sectors in Hung Yen maintained positive growth, with the industrial sector making the largest contribution to overall growth, accounting for 4.02 percentage points — equivalent to nearly 50% of the province’s total economic growth.

Regarding economic structure, the agriculture, forestry and fisheries sector accounts for 14%; industry and construction represent 51.8%; trade and services make up 28.0%; and taxes on products minus subsidies on products account for 6.2%.

In the first six months, the province’s state budget revenue was estimated at over 54 trillion VND, up 102.74% compared to the same period in 2024. Of which, domestic revenue reached 50.972 trillion VND, marking an increase of 112.21%, while revenue from import-export activities exceeded 3 trillion VND, rising by 16.57%.

NDO
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