9-Month GRDP Increases Over 10%

In the first 9 months of 2026, the gross regional domestic product (GRDP) of the province is estimated to increase by approximately 10–10.6% compared to the same period last year, basically reaching the targeted growth scenario. In the growth structure, the industry-construction sector continues to play a primary role, while manufacturing and processing industries maintain high growth rates.

Export garment production at GGS Vietnam Co., Ltd. (Left Bank Da River Industrial Park, Hoa Binh Ward) contributes to the development of the province’s processing and manufacturing industry.

The industrial production index in the first 8 months increased by 21.8% year-on-year. Manufacturing and processing continue to serve as the leading driver; high value-added production sectors maintain growth. The service sector grew across trade, transportation, tourism, and production support services; agriculture, forestry, and fisheries remained stable.

Along with production activities, investment attraction continued to rise. In the 9-month period, attracted FDI into the province is estimated at over 2.4 billion USD, reaching 151.3% of the planned target and 2.1 times higher than the same period last year; domestic investment capital reached approximately 65.6 trillion VND.

To achieve growth targets, the province issued the Scheme for Double-Digit Economic Growth for the 2026–2030 Period, Vision to 2045; piloted the “Green Lane” mechanism in handling administrative procedures for production and business investment projects; maintained the “Entrepreneur Coffee” model to receive feedback and resolve difficulties for businesses... The Provincial People’s Committee focused on removing bottlenecks for production and business, accelerating key projects, and promoting public investment disbursement.

In the final 3 months of the year, the province will continue to step up industrial production, focusing on manufacturing, processing, and key products; removing difficulties for enterprises, and supporting projects to go into operation and maximize design capacity.

Concurrently, attention will be placed on investing in industrial park and cluster infrastructure; ensuring electricity, water, and telecommunications infrastructure for production; promoting trade, services, logistics, and expanding consumer and export markets; while focusing on resolving compensation and site clearance obstacles, accelerating construction progress and capital disbursement for major and key projects.

Nguyen Yen