The provincial GDP estimated to rise by 13.4% while the national GDP was only 5.5% in the first quarter of 2011. Output of agriculture, forestry and aquaculture grew by 1.5%; output of industry and construction rose by 10.8%; services grew by 19.3%. Output of industrial production estimated to reach 25,105 billion VND and 18.6% higher than the same period; domestic economic sector grew by 21.3%, foreign investment economic sector rose by 17.3%. Export turnover estimated to reach US$ 1.957 billion, increased 20.3% in compared to the same period; import turnover is estimated at US$1.632 billion, is 25.1% higher than the same period.

The total budget revenue reached 4,800 billion VND, increased 5% compared to the same period; budget expense was at 1,600 billion VND, 7.5% higher than the same period. Money market was relatively stable; interest rate of credit institutions was applied from 13.5% to 14% per year with term and from 2.4% to 4.2% without term.

 

Goods retail and service total revenue estimated 12,665 billion VND, increased 30% compared to the same period. Transportation revised a high growth; meet the demands in manufacturing & business, construction, consumer and travel. Goods transportation grew by 26.4%, the revenue rose 73.9% in comparison with the same period; passengers transportation grew by 85.2%, the revenue rose 64% in comparison with the same period.

 

Consumer Price Index (CPI) of the first quarter of 2011 is 5.6% higher than the same period of 2010. This index is high because of raising price of food and beverage services, especially housing and construction materials (raising price of gasoline, oil, electricity). Price fluctuation of electricity, gasoline, oil and US$ currency continued to press the goods price in the coming time.

 

With the stabilized prices of many products at the market, provincial leaders have actively implement the price stabilization program. In the first quarter of 2011, besides the network of trading centers, supper markets and stores, provincial People’s Committee directed to open mobile stores at the Northern communes, industrial parks to serve the consumption of the locals and workers. In general, the implementation of the price stabilization program has brought about positive results, helped restraining the price increasing growth lower than that of the whole country.

 

In construction, the total checked volume was 512.136 billion VND, 15% of proposed plan; the total allocation reached 700 billion VND, 21% of proposed plan. Domestic investment capitalized 2,387 billion VND: 226 newly-registered enterprises of 1,680 billion VND and capital-increased projects of 707 billion VND; foreign investment was US$256 million of which US$ 138 million for 15 newly-registered projects.

Socio- cultural fields had positive development; the provincial authorities took great care of people under preferential treatment policy and the poor people. The province continued to maintain stable politics, concentrated to construct and consolidate national defense in order to ensure politic and social security.

 

 

 

 

All departments and levels rapidly and positively deployed the Resolution No.11/NQ-CP of the Government on solutions mainly focusing on containing inflation, stabilizing the macro economy, guaranteeing the social security.