Điện Biên Province’s GRDP ranks 18th nationally

ĐBP - Recently, the Statistical Office of Dien Bien Province has held a press conference to announce the socio-economic data in the province last year.

Delegates at the press conference to announce the socio-economic data in the province last year.

According to the press release from the Statistical Office of Dien Bien Province, in 2024, the socio-economic situation in the province achieved many positive results.

The Gross Regional Domestic Product (GRDP) of the province reached VNĐ 16,263.22 billion, an increase of 8.51% compared to the same period last year.

In this regard: The agriculture, forestry, and fisheries sector reached VNĐ 2,549.6 billion, showing a 4.06% increase; the industry and construction sector got VNĐ 3,489.77 billion, with a 0.66% rise; and the service sector earned VNĐ 9,529.97 billion, up 13.08% year-on-year.

The province’s economic growth rate was quite good, compared to other provinces in the region, ranking 6th out of 14 provinces in the region and 18th out of 63 provinces and cities nationwide.

At the same time, agricultural production witnessed positive growth. The entire province cultivated 106,360.13 hectares of annual crops, an increase of 3.63% in comparison to 2023. The total grain output in 2024 could reach 286,976.29 tons, up 0.51% compared to the previous year and exceeding the set plan by 1.43%.

Meanwhile, the livestock sector developed stably; prevention and control of livestock and poultry diseases were strengthened; forestry production focused on forestry protection, forest fire prevention, and reforestation projects; and the aquatic farming, exploitation and processing are maintained effectively.

The province’s industrial production index (IIP) continued its positive growth pace with an increase of 22.43% compared to the previous year, with electricity production and distribution increasing by 46.96% and processing and manufacturing industry up 6.43%.

The total retail sales of goods and consumer service revenue increased by 24.77% compared to the previous year. Passenger transportation activities increased by 51.65%, and passenger circulation increased by 51.27% compared to the previous year; the transportation of goods increased by 18.4%, and goods circulation increased by 18.27%.

In the construction sector, the added value in 2024 compared to price in 2010 reached VNĐ 2,250 billion, which is quite high, but it decreased by 8.32% compared to the same period last year. The reason is that the construction sector had significant growth in 2023 (with many key programs and projects, especially the expansion project of Điện Biên Airport).

Last year, the total investment capital for development in the province experienced a low growth, estimated at VNĐ 17,318.79 billion, a decrease of 4.36% compared to 2023. Specifically: Investment capital implemented from the State budget managed by the province in 2024 reached 84.87% of the plan and decreased by 11.27%.

The state budget revenue estimated for 2024 is set to increase by 3.57%; state budget expenditure is expected to increase by 2.98%.

The Consumer Price Index (CPI) on average increased by 0.75% compared to the same period in 2023. Among them, there are 8 groups of goods with increased price indexes, including: Food and foodstuff service (1.52%); beverages and tobacco (1.2%); clothing, hats, and footwear (0.85%); housing, electricity, water, fuel, and construction materials (1.65%); household equipment and goods (1.4%); medicines and healthcare services (6.91%); cultural, entertainment, and tourism services (0.23%); other consumer goods and services (2.96%).

However, three groups that showed a decrease were transportation (1.26%), post and telecommunications (0.62%), and education (9.37%).

In 2024, the multidimensional poverty rate (according to the multidimensional poverty standard for the period 2022-2025) of the entire province was 21.29%, a decrease of 4.39% compared to 2023 (equivalent to a decrease of 5,595 poor households).

During the year of 2024, local Party organizations and authorities at all levels in Điện Biên Province effectively implemented policies to ensure people’s life quality, create jobs, and increase income for labors, significantly contributing to improving the living standards of the people.

Nhật Phương
Comment

You have 500/500 characters left

Please enter 5 or more characters!!!

Recent news

  • 'Điện Biên races to implement two-tier local government system

    Điện Biên races to implement two-tier local government system

    NEWS - POLITICS -
    ĐBP - With just a few days remaining, the two-tier local government system is set to be officially operational, laying the foundation for a new phase of development. Ahead of this historic moment in the ongoing administrative restructuring revolution, the atmosphere of urgency is palpable across localities, with efforts intensifying to complete all tasks on time, working day and night.
  • 'Diverse forms of dissemination for Party congresses at all levels

    Diverse forms of dissemination for Party congresses at all levels

    NEWS - POLITICS -
    ĐBP - In recent times, the Party Committee of the Điện Biên provincial People’s Committee has focused on directing and enhancing the dissemination efforts for the party congresses at all levels through various forms and content. This aims to affirm the leadership role of the Party and strengthen public trust.
  • 'Maintaining peace along the border

    Maintaining peace along the border

    NEWS - POLITICS -
    ĐBP - Nearly two years into the pilot implementation of the “Drug-free border commune” model, Vàng Đán commune (Nậm Pồ district, Điện Biên province) has seen notable improvements in public security and order. Drug-related crime and social evils have significantly declined, contributing to local stability and creating favorable conditions for socio-economic development.
  • 'Điện Biên exchanges potential for cooperation with Caen city (France)

    Điện Biên exchanges potential for cooperation with Caen city (France)

    NEWS - POLITICS -
    ĐBP - On June 25, the Điện Biên provincial People’s Committee held an online meeting to discuss potential for cooperation across various fields with the government of Caen city, Calvados prefecture, France. Vice Chairman of the provincial People’s Committee Vừ A Bằng chaired the meeting from Điện Biên, while Cécile Cottenceau, Deputy Mayor of Caen, chaired the meeting from the French city.
  • '50 children in special circumstances trained in swimming and drowning prevention skills

    50 children in special circumstances trained in swimming and drowning prevention skills

    SOCIAL AFFAIRS -
    ĐBP - 50 children with special circumstances, currently residing at the SOS Children’s Village Điện Biên Phủ, the provincial Social Welfare Center, and from underprivileged families in several districts and communes in Điện Biên province participated in a swimming and drowning prevention skills training course organized by the provincial Department of Culture, Sports, and Tourism.
  • 'Realizing dream of stable housing

    Realizing dream of stable housing

    SOCIAL AFFAIRS -
    ĐBP - With the spirit of “Mutual Support - No One Left Behind,” in recent years, Điện Biên province has maximized its resources and effectively implemented housing policies for people from policy backgrounds. Every new house completed not only helps people settle down but also gives them the motivation to focus on production and work toward sustainably reducing poverty.
  • 'Trial operation of local government after administrative restructuring in Điện Biên

    Trial operation of local government after administrative restructuring in Điện Biên

    NEWS - POLITICS -
    ĐBP - On June 25, Điện Biên Phủ ward, Thanh Nua commune, and Na Sang commune conducted a trial run of their local government operations after the completion of the district-level government restructuring and the implementation of the two-tier local government model. These localities tested two activities: holding their first meeting of the People’s Council and operating the Public Administrative Service Center.
  • 'Maintaining ideological stability in administrative restructuring

    Maintaining ideological stability in administrative restructuring

    NEWS - POLITICS -
    ĐBP - The restructuring of administrative units at the commune level is a major policy of the Party and State to streamline the apparatus and improve the operational efficiency of local governments, ultimately serving the people better. To ensure the successful implementation of this process, Điện Biên province has particularly focused on ensuring safety and security, with strong, specific, and timely guidance.
  • 'Ready to establish Điện Biên College

    Ready to establish Điện Biên College

    SOCIAL AFFAIRS -
    ĐBP - After much consideration and planning to align with the province’s development needs, the proposal to establish Điện Biên College is being developed with the goal of merging two vocational education institutions: Điện Biên Vocational College and Điện Biên College of Economics and Techniques, into a single entity named Điện Biên College. This new institution will serve as the province’s key vocational education and training facility.
  • 'Ready for the operation of new commune administrative system

    Ready for the operation of new commune administrative system

    NEWS - POLITICS -
    ĐBP - On June 24, comrade Lê Thành Đô, Deputy Secretary of the Điện Biên provincial Party Committee and Chairman of the provincial People’s Committee, inspected the infrastructure and necessary conditions to facilitate the operation of the newly merged communes: Sam Mứn and Núa Ngam.
  • 'CDC Điện Biên with emulation movements for community

    CDC Điện Biên with emulation movements for community

    NEWS - POLITICS -
    ĐBP - In anticipation of the Party Congress at all levels, the staff and workers at the Điện Biên provincial Center for Disease Control (CDC Điện Biên) have been making great efforts to enhance the movement of emulation, achieving the set targets and objectives in the fight against disease and building a strong organization.
  • 'Trust and high hopes for the future

    Trust and high hopes for the future

    NEWS - POLITICS -
    ĐBP - The 15th Điện Biên provincial Party Congress for the 2025-2030 term is a landmark political event, marking a new phase in the province’s development as the country pushes forward with comprehensive reform and global integration. As the congress approaches, officials, Party members, and people of all ethnic groups across the province share a common trust and strong expectation for strategic, visionary decisions that will drive Điện Biên towards rapid and sustainable growth.