CATEGORIES

© Copyright 2004; Hanoitimes - Economic and Urban Newspaper;

The tribune of Hanoi People’s Committee

Publication Permit: 29/GP-CBC

Editor - in - Chief: Nguyen Thanh Loi

Managing Editor: Ta Thu Giang

Email : thugiang@hanoitimes.vn

Head Office: 21 Huynh Thuc Khang Street, Dong Da District, Hanoi

Branch Office: 221 Tran Phu Street, Ha Dong District, Hanoi

WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Hanoinews
Hanoi set sight on high economic performance
Ngoc Thuy 22:15, 2018/04/11
Improving business and investment environment, along with start-ups and investments facilitation are priorities of Hanoi for the remaining 9 months, requested Hanoi Party Secretary Hoang Trung Hai.
In the first quarter, Hanoi's gross regional domestic product (GRDP) is posted at VND164.8 trillion (US$7.2 billion), up 6.98% (in new calculation), higher than the 6.48% of the same period in last year, Hai gave his speech on a meeting discussing the capital's economic performance in the first quarter on April 10.
 
Hanoi set sight on high economic performance.
Hanoi set sight on high economic performance.
Other sectors also witnessed higher added value comparing to same period of last year, along with an improved investment environment. Additionally, Hanoi's provincial competitive index (PCI) ranked at an all-time high of 13th out of 63 localities, up 1 place year on year. 

The industrial and construction industry posted strong growth, rising by 7.24% against the same period last year. Among those the industrial sector rises 7.12%, adding 1.05 percentage point to the mutual increase.

Meanwhile, rising value of the service sector hits 7.05% against the first quarter of 2017 (contributing 5.1% to the GRDP rise). Some major sector with large proportion in the GRPD remain the stable growth, such as: retail, wholesale, repair of car, motorbike and engine-vehicles (up by 8.23%, contributing 1.51 percentage point to the mutual rise); accommodation and food service (up by 7.54%); information and communication (up by 8.17%); finance, banking and insurance (up by 7.88%), science, state management, education, healthcare hold stable growth.

Tourists coming to Hanoi in the first three months reached 6.7 million, up 9% year on year; while state budget revenue is posted at VND58 trillion (US$2.54 billion), up 12.3% year on year, and equivalent to 24.4% of estimates. 

Hanoi also facilitated the implementation of public online services (POS), for which the capital has put into operation 502 POS. The objective is to carry out 55% POS out of the administrative procedures, which requires a higher effort from the entire city's political system, stressed Hai.

Hanoi aims to reach GRDP target at 7.3-7.8% in 2018. The city expects to have over 50,000 newly established enterprises in 2018 (including business households which are transformed into enterprises). Along with this target, Hanoi expect the service's growth of 6.9-7.5%; while that of industry and construction at 8.2%-8.7%; export turnover at 7.5-8%.

In 2017, Hanoi reached GRDP at 8,5%, according to Hanoi's Statistics Bureau. The city's 2018 target is actually the same to its 2017 figures, but is revised under the new methodology, which is stated in its 2018 economic plan report.
Comments
Other news
16:58, 2025/01/23
Experiencing Vietnamese Tet symphony at Home Hanoi Xuan 2025
The festival promises to bring a new, distinctive and creative touch while preserving and honoring the country's cultural heritage passed down through generations.
20:51, 2025/01/22
Vietnam-Singapore Friendship Association launched in Hanoi to strengthen bilateral ties
The congress adopted the association's charter and outlined its strategic objectives.
22:56, 2025/01/21
Hanoi, HCMC to submit metro plans to National Assembly in February: Deputy PM
The resolution aims to speed up the development of the urban railways in Hanoi and Ho Chi Minh City.
15:18, 2025/01/21
Hanoi integrates administrative procedures into national public service portal
The entire process is digitized and shared among agencies at all levels, saving time and ensuring transparency.
21:53, 2025/01/19
2025 spring book fair opens to boost reading in Hanoi
The 2025 Spring Book Fair promises to establish itself as an annual event that celebrates the importance of books and knowledge.
20:49, 2025/01/19
Traditional essence in Hanoi's Old Quarter Tet celebration program
The activities include worshiping rituals, calligraphy, and folk music.