The city’s economy has reached the highest growth in the past 4 years, with increased capital mobilization and loans, under-control inflation, high State budget collection and mobilization for social investment and  guaranteed social security.
The latest report on the municipal socio-economic development of  Hanoi Statistical Office showed the local gross domestic product (GDP) in 2015 increased by 9.24%, higher than the previous year (8.8%), and the highest in the past four years.
In particular, the total value of agriculture, forestry and fisheries increased by 2.47%, construction industry rose by 9.11%, service sector grew by 9.91%. Development investment capital in the city increased by 12.6%. The total sales of merchandise and revenues from social consumption services increased by 11.7%, while retail sales rose by 11.5%.
The city’s export turnover is estimated to rise by 2.5%, while local exports increased by 3.1% this year. Some of Hanoi’s largest export markets are the US (accounting for 16.4% of total turnover), Japan (13.3%), and China (12.5%).
The capital’s industrial production in 2015 was moving towards a positive direction and achieved the high growth rate, contributing to the general rate of 5.34%.
A further highlight of the city's economy included the increase of  foreign direct investment (FDI) attraction. In 2015, Hanoi attracted  1.4 billion of FDI, the realized capital estimated at 1,100 million USD (an yearly increase of 8%).
Hanoi is expected to collect 146, 585 billion VND for the State budget since the beginning of the year, completing 103 percent of the yearly target. 
In the last months of 2015, tourism activities continued to be promoted. The city is expected to welcome nearly 2.24 million international tourists this year, a year-on-year rise of 9.6%. 
Hanoi Statistics Office said the capital’s consumer price index (CPI) in 2015 rose 0.7% compared with the same period last years. CPI in December also fell 0.03% from the previous month and increased by 0.89% over the same period last year.
 

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Notably, the capital’s service sector continued to gain positive results, increasing the proportion of high-quality services, greater added value and more competitive advantages.
In 2016, Hanoi targets to grow its ecomy faster, stronger and more sustainable, with GDP growth from 8.5 to 9.0% and annual income per capita at 85 to 87 million VND.
To proactively prepare for deep global integration in economy, the city will continue to focus on strong support measures to enhance competitiveness for enterprises.
In addition, the city will accelerate key projects, infrastructure and transportation projects, and create a foundation for sustainable urban development to promote advantages of tourism industry, attracting more tourists at home and abroad.
Speaking at a recent meeting on the city's implementation of socio-economic development and State Budget tasks during the 2011-2015 period, and socio-economic development plans for 2016, Chairman of the City People's Committee Nguyen Duc Chung stressed that Hanoi  will perform efficiently 7 key solutions to implement the socio-economic development plans for the 2016-2020 period. 
Chairman Chung asked the municipal authorities to promptly take measures to speed up the economic restructuring process, ensure macroeconomic stability, improve the local investment climate and ensure social welfare, while striving to fulfil or surpass the yearly economic growth target.