Market information

Gross product in the first 6 months of 2024 Tien Giang will reach 5.56%

Fresh fruit
10/07/2024 - Tỉnh Tiền Giang

The world economic situation in the first 6 months of 2024 continues to face many difficulties and challenges. Strategic competition between major countries is increasingly fierce; The Russia-Ukraine conflict is complicated and prolonged, the conflict in the Gaza Strip escalates, and the attacks on transport activities in the Red Sea have affected the global supply chain of goods, crude oil, and food, increasing risks to maritime safety, affecting the growth prospects of countries around the world. Natural disasters, droughts, floods, climate change causing serious consequences; the risk of food security and cyber security is increasing. Although inflation has cooled down and gradually decreased, however, this progress is slow and uneven in regions around the world. Slow global trade, consumption and investment... In Tien Giang, with the leadership of the Provincial Party Committee, the Provincial People's Committee, the close supervision of the People's Council, branches and levels to organize the effective implementation and implementation of tasks and solutions for socio-economic development, most of the targets increased over the same period.

Gross domestic product (GRDP) in the first 6 months of 2024 is estimated at 32,976 billion VND, (comparative price in 2010) increased by 5.56% compared to the first 6 months of 2023, the first quarter increased by 4.47%, the second quarter increased by 6.63%; the agriculture, forestry and fishery sector increased by 3.32%, the industrial and construction sector increased by 7.07% and the service sector increased by 6.59% (including product tax minus product subsidies); If product tax is separated, the service sector increased by 6.73% and product tax minus product subsidies increased by 5.86% over the same period. Of the 5.56% growth, the agriculture, forestry and fishery sector contributed 1.19%, the industrial and construction sector contributed 2.04%, the service sector contributed 1.99% and product tax minus product subsidies contributed 0.34%. GRDP at current prices reached VND 63,784 billion.

Agriculture, forestry and fisheries sector: the first 6 months of 2024 increased by 3.32% compared to the first 6 months of 2023 (the same period increased by 1.7%); of which agriculture increased by 3.73%. Salinity drought now comes earlier and penetrates deeper than the same period in previous years; However, the prevention and control of salinity drought is proactive, implemented from a very early stage, farmers comply with the recommended seasonal schedule, so most of the planting area has been harvested, avoiding the impact of salinity drought. This year's Winter-Spring rice tea developed well, officially seeded 44,883 hectares, reaching 100.4% of the plan and down 6.9% over the same period; the average yield reached 70.2 quintals/ha, up 0.6% over the same period (up 0.4 quintals/ha); harvest output was 315,030 tons, reaching 100.8% of the plan and down 6.3% over the same period; However, due to the decrease in sown area by 3,319.3 hectares, conversion to non-agricultural land is 57.92 hectares, other annual crops are 659.33 hectares, perennial crops are 2,577.23 hectares, aquaculture is 01 hectare and non-production is 23.8 hectares. The planting area decreased mostly in districts including: TX. Go Cong decreased by 142.44 hectares, Cai Lay Township decreased by 72.89 hectares, Tan Phuoc decreased by 23.2 hectares, Cai Be decreased by 1,835 hectares, Cai Lay decreased by 446.57 hectares, Chau Thanh decreased by 365.1 hectares, Cho Gao decreased by 24.27 hectares, Go Cong Tay decreased by 285.11 hectares and Go Cong Dong decreased by 124.7 hectares; Therefore, the harvested rice output decreased by 6.3% over the same period.

In the field of livestock, epidemics also occurred in some localities, causing anxiety for farmers, the selling price of output products did not increase, while the price of feed was at a high level, so farmers did not make much profit, did not stimulate farmers to focus on investment, so the total herd decreased over the same period. It is estimated that by June 1, 2024, the total cattle and poultry herd of the province is as follows: cow herd of 120 thousand heads, down 3.03%, pig herd of 290 thousand heads, down 5% and poultry herd of 16.57 million heads, up 2.53% over the same period.

The fishery industry increased by 1.23% over the same period, aquaculture and fishing output both increased, aquaculture production increased by 1.2% and fishing output increased by 5%.

Industry - construction sector: up 7.07% compared to the first 6 months of 2023; of which industry increased by 6.19%. Industrial production in the province still has many difficulties in production and consumption of products due to the impact of the post-Covid-19 epidemic, the decline of the world economy, the war between Russia and Ukraine, causing fuel prices to increase and inflation to rise. However, industrial production in the province showed signs of positive recovery, the growth in the next quarter was higher than the previous quarter, the first quarter increased by 4.99%, the second quarter increased by 7.32% over the same period. The increase in industrial production is due to the fact that in the period there are a number of new enterprises coming into operation; some industries in the same period decreased, but this year began to increase again; industries with a good increase in production index such as: Food processing production increased by 19.5%; production of drugs, pharmaceutical chemicals and medicinal materials increased by 71.56%; production of rubber and plastic products increased by 25.36%; production and distribution of electricity, gas, hot water, steam and air conditioning increased by 24.06% over the same period, because Tan Phu Dong 1 wind power plant has been in operation since the end of May 2023 ... However, there were also a number of industries that decreased or increased low, slowing down the growth momentum of the industry such as: Apparel production decreased by 19.82%; textile decreased by 3.11%; Beverage production decreased by 3.94% ...

The construction industry increased by 11.71%, being one of the industries with the best growth rate in the first 6 months of 2024. The production situation of enterprises has gradually recovered and stabilized again, so it should be reinvested to expand production. In the province, there are many key local and central projects under construction, plus the drastic focus on leadership and direction in accelerating the progress of public investment has contributed to the construction activities in the province increasing quite a bit over the same period.

Service sector: up 6.73% over the same period; All industries in this area have increased, people's consumption and shopping demand in the period has increased, so trade and service activities have been quite vibrant and have a strong increase compared to the same period last year, some industries have increased quite a bit such as: wholesale and retail, repair of automobiles, motorcycles and motorcycles increased by 8.74%; Accommodation and catering services increased by 16.24%; administrative activities and support services increased by 7.51%; Warehousing transportation activities increased by 14.93%, over the same period, due to 02 new taxi companies operating in the area, namely Saigon taxi and Xanh SM; The tightening of alcohol concentration checks for vehicle drivers when participating in traffic has increased the demand for using public transport, which has promoted road transport services in the province to increase. In the service sector, the arts, entertainment and entertainment industry had the lowest growth rate, only increasing by 0.32% over the same period, of which lottery activities were only 99.36% over the same period (accounting for 70.6% in the arts, entertainment and entertainment industry). Product tax minus product subsidies increased by 5.86% compared to the first 6 months of 2023.

Economic structure: the agriculture, forestry and fishery sector accounted for 37.6% (38.4% in the same period); the industrial and construction sector accounted for 27% (27.1% in the same period); the service sector accounted for 29.7% (28.8% over the same period); product tax minus product subsidies accounted for 5.7%, equivalent to the same period last year.

                                                                                               N.V. Round

https_cucthongketiengiang.gso.gov.vn

Thai jackfruit
Output: 203
Crop: 6 tháng đầu năm 2024
Tỉnh Tiền Giang
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