Hanoi sees budget revenue up 18% in 8 months
Revenue from goods sales and services in the January - August period reached VND1,601 trillion (US$68.91 billion), up 9.4% year-on-year.
In the first eight months of 2018, Hanoi collected VND140.69 trillion (US$6.02 billion), equivalent to 64.5% of the year's estimate and up 18.1% year-on-year, stated the municipal Statistics Office.
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Revenue from goods sales and services in the January - August period reached VND1,601 trillion (US$68.91 billion), up 9.4% year-on-year, of which, retail sales amounted to VND323.06 trillion (US$13.9 billion), up 8.9%.
Of the total, the state sector contributed VND230.63 trillion (US$9.92 billion), up 6.7% year-on-year, private sector VND1,250 trillion (US$53.8 billion), up 10.4%, and foreign invested firms VND120.37 trillion (US$5.18 billion), up 4.7%.
Moreover, Hanoi's export turnover in the first eight months reached US$9.16 billion, up 19% year-on-year, in which, agricultural products exports contributed the highest with growth rate of 42.8%, followed by petroleum products with 41% and garment of 16%.
Among Hanoi's export markets, Malaysia witnessed the highest growth rate of 80% year-on-year, followed by Thailand with 27.1%, the US of 18%.
Meanwhile, Hanoi imported goods worth US$20 billion in January - August period, up 6.2% year-on-year. Some of the main imports with high growth rate included petroleum products with 37.4%, and chemical substances of 26.6% year-on-year.
Hanoi's major import markets were the US with growth rate of 8% and China with 10% year-on-year.
In 2018, Hanoi aims to achieve a GRDP target of 7.3-7.8%. Along with this target, Hanoi strives to grow its service sector by 6.9-7.5% and those of industry and construction sectors by 8.2%-8.7%. Additionally, export turnover growth is expected to reach 7.5-8%.
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