Page 15 - Niên giám 2021

OVERVIEW ON SOCIO-ECONOMIC SITUATION

IN BINH DINH IN 2021

In 2021, the fourth wave of Covid-19 pandemic seriously affected the
socio-economic development of the province, the production and business
activities, and people’s life. Specifically:
- Agricultural production faced many difficulties due to disruption of
supply and consumption chains; prices of many agricultural, forestry and fishery
products decreased, consumption was slow, prices of input materials for
production increased; livestock diseases caused losses to farmers.

- The production, business and consumption of products of a part of the
enterprise faced difficulties. Some key industrial production activities of the
province significantly reduced their output. Investment attraction, especially
foreign investment, faced many difficulties. Some projects have registered for
investment but implementation was delayed or behind the committed schedule.

- Trade and service activities; passenger and freight transportation, tourism,
accommodation and food services faced many difficulties, the number of tourists
to the province decreased sharply.
- Educational, cultural, sport, labor, and employment… activities were
adversely affected by the Covid-19 pandemic, seriously influencing people’s
lives, activities and income.

Along with the drastic implementation of measures to prevent and control
the Covid-19 pandemic, the Provincial Party Committee, the Provincial People’s
Council and the Provincial People’s Committee oriented, directed and managed
all level authorities and branches to overcome difficulties, promote favorable
conditions, and deploy synchronously, flexibly and effectively guidelines and
policies in response to the Covid-19 pandemic in the “new normal state”. The
positive results in the implementation of key indicators on socio-economic
development of the province were as follows:

1. Economic growth
The gross regional domestic products (GRDP) in 2021 (at 2010 constant
prices) was estimated at 51,629.8 billion VND, an increase of 4.11% compared
to that in 2020. Of which, the agricultural, forestry and fishery sector was
estimated at 14,061.0 billion VND, a rise of 2.95%; the industry and

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