31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Hanoinews
Hanoi industrial production maintains growth of 6.3% in 8-month period
Nguyen Tung 21:30, 2021/08/30
At a time when Hanoi is adopting social distancing measures, a total of 70 industrial parks, home to 4,169 enterprises and 62,000 workers, are still operational.

While Hanoi’s index of industrial production (IIP) in August suffered a decline of 8% against the previous month due to serious Covid-19 situation and restriction measures, industrial production in the city has remained positive for the eight-month period with an annualized growth rate of 6.3%.

 Garment production at Phung Xa, My Duc District, Hanoi. Photo: Thanh Hai

“Most enterprises and manufacturing facilities have been trying to maintain operation by adopting the 3-on site principles, or taking a break between working shifts to avoid risks of infection,” noted the municipal Statistics Office in a monthly report.

During the eight-month period, manufacturing and processing, accounting for 96.5% of total production value in Hanoi’s industry sector, expanded by 6.3%; followed by production and distribution of electricity (7.1%); sewage treatment and water collection (6.3%); and mining industry (5.5%).

Subsectors that increased sharply due to growing demand during the eight-month period include motorized vehicle production (up 21.6% year-on-year); garment (18.2%); beverage (16.1%); wood and wooden products (10.9%); paper production (10.5%); and computers and optical products (8%).

Given the positive growth of industrial production, the number of laborforce in industrial companies in eight months also went up 0.4% year-on-year.

At a time when Hanoi is adopting social distancing measures, a total of 70 industrial parks, home to 4,169 enterprises and 62,000 workers, are still operational.

The report noted as of August 20, 1,077 large-scale enterprises have had their anti-Covid-19 plans approved by local authorities.

Meanwhile, business households and small-scale enterprises have signed commitments with the city on their compliance to restriction measures to keep business running.

In August, Hanoi’s authorities approved investment licenses for 12 foreign-financed projects with a combined registered capital of US$17.6 million. In the eight-month period, Hanoi has attracted a total of $841.8 million in foreign direct investment.

The city is currently second nationwide in terms of attracting new FDI projects, accounting for 21.5% of the total, only behind Ho Chi Minh City which makes up  34%.

RELATED NEWS
TAG: Vietnam industrial production Covid-19 pandemic Hanoi FDI
Other news
21:00, 2022/00/03
Hanoi seeks cooperation with ASEAN cities for shared prosperity
The Hanoi delegation attended the ASEAN Mayors Forum and the meeting of Governors/Mayors of ASEAN Capitals on December 2-3 in Phnom Penh.
21:29, 2022/29/02
Hanoi to pilot public bicycle-sharing service in six metropolitan districts
The project is expected to help people exercise and protect the environment.
20:50, 2022/50/02
Hanoi mayor urges drastic actions to lift public investment performance
Hanoi aims to end the year with a high disbursement rate of public funds, seen as a critical task for overall socio-economic development efforts.
16:24, 2022/24/02
Discovering trophy replica for winning World Cup dreamers
These days in Qatar, 32 of the world's top football teams are competing to win the prestigious gold cup. In Hanoi, for just $5, you can raise a golden trophy copy, display it or use it as a paperweight by visiting Bat Trang pottery village in Gia Lam District.
20:59, 2022/59/01
Hanoi eyes more economic zones and satellite cities
The authorities of Hanoi define the construction of satellite cities and economic zones as key to the city's sustainable urban development.
20:51, 2022/51/01
Leipzig to set up representative office in Hanoi
Healthcare, culture and education are potential fields for cooperation between Hanoi and Leipzig.