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Remarkable economic recovery

According to Dong Nai Statistics Department, in the first six months of the year, the Gross Regional Domestic Product (GRDP) in Dong Nai Province reached over VND112.8 trillion, up 7.06% over the same period. This growth reached the set target (6.5-7%) and is the highest among the provinces and cities in the Southeast. Economic growth was achieved thanks to the fact that the epidemic situation was basically under control, production and business gradually recovered; favorable export market, export contracts increased significantly; demand for goods from the domestic market stimulates the production and supply of goods to develop.


 

Export turnover of the province in the first 6 months of the year reached more than US$13.2 billion and increased 13% over the same period. In the opposite direction, import turnover in 6 months reached over US$10 billion. Thus, in the first 6 months of the year, Dong Nai had a trade surplus of more than US$3.15 billion, an average trade surplus of US$500 million per month.

Production and business recovered, but the socio-economic situation still faced many difficulties. Due to the influence of the epidemic situation in the world, political instability, and conflicts between Russia and Ukraine, petroleum products have continuously "peaked" in price. Input materials for manufacturing industries are scarce, prices have increased, the supply chain of goods is still disrupted, etc. making the production and business situation of enterprises and people's lives affected. Enterprises have higher revenue and output but high input costs, leading to the profits reduced.

 

In the first 6 months of the year, the average Consumer Price Index (CPI) increased by 3.11% over the same period last year. In which, the traffic group increased the most (+19.59%) because the price of gasoline and oil in the country continued to increase; culture, entertainment and tourism increased (+3.33%); housing, electricity, water, fuel and construction materials increased by 2.83%. The remaining industries had low price index or decreased over the same period.

Phan Anh

 
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