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and service activities recovered strongly thanks to increased consumer
demand, social security was paid attention to and achieved certain
results.

1. Economic growth

The Gross Regional Domestic Products (GRDP) in 2023 was
estimated to increase by 6.67% compared to the previous year (it was
7.15% in 2022). Of which, the agriculture, forestry and fishery sector
rose by 5.42%, contributing 1.07 percentage points to the overall
growth; the industry - construction sector expanded by 9.41%,

contributing 2.67 percentage points; the service sector spread by
5.89%, contributing 2.85 percentage points; the taxes less subsidies on
products grew by 4.08%, contributing 0.17 percentage points.

The agriculture, forestry and fishery sector increased by 5.41%
over the previous year. The agriculture sector, the production of annual
crops had a good harvest, the production of cereals increased by
22.80%; the production of livestock and poultry living-weight increased
by 6.54%... The fishery sector faced many difficulties in labor shortages

and the impact of shrimp diseases, however, people switched to raising
other aquatic products, so the fishery output increased by 2.39%. As for
the forestry sector, export orders for wood products decreased sharply,
the demand for raw wood decreased, therefore the production of
exploited wood reduced by 8.85%.

The industry and construction sector increased by 9.41%
compared to the previous year (it was 14.51% in 2022). The industry
sector increased by 13.87%, contributing 2.08 percentage points to the

overall growth rate. In the industry sector, the main driving force was
the electricity production and distribution, up 28.02%, contributing to
the overall growth rate thanks to coming into commercial operation in
2023 of 3 additional wind power projects and the previously operated
wind and solar power projects operating at better capacity, resulting the
electricity output to increase.

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