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The manufacturing grew slowly due to the limited investment
attraction in this field. At the beginning of the year, enterprises for
export production such as textiles, wood manufacturing, etc. had a sharp

decrease in orders, so they increased by only 6.52%, contributing 0.53
percentage points. The small-scale water supply, waste management
and treatment activities, increased by 6.20%, contributing 0.02

percentage points. The construction sector expanded by only 4.41% due
to difficulties in attracting investment, reduced investment capital, the
tightened credit for real estate credit by banks, high lending interest
rates, increase in construction material prices and sluggish real estate

market.

The service sector increased by 5.98%, lower than the increase of
6.62% in 2022. The market service sectors recovered strongly, while the
non-market service sectors grew slowly due to streamlining payroll,

saved recurrent expenditures, and increase in new basic salary from July
1, 2023.

Regarding the economic structure in 2023, the agriculture, forestry
and fishery sector accounted for 18.24%; the industry and construction

sector made up 35.16%; the service sector represented for 42.60%; the
taxes less subsidies on products comprised 4.00%.

The size of the economy in 2023 was estimated at 48,657.7 billion
VND, the GRDP per capita was estimated at 74.4 million VND
(equivalent to 3,125 USD), a year-on-year increase of 8.28%.

2. Finance and banking

In 2023, credit institutions ensured credit supply to support
enterprises and people to restore production and business. Lending
interest rates were adjusted downward to a reasonable basic level,

contributing to supporting production and business of enterprises and
people. As of November 30, 2023, the capital mobilization in the area

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