Hanoi’s GRDP grows by 8.2% in 2016
The gross regional domestic product (GRDP) of Hanoi in 2016 is estimated to rise by 8.2% against last year, according to the municipal statistics department.
The industrial and construction sector recorded its value rise by 9%, accounting for 2.75 percentage points of the common GRDP hike, while the value of the service sector increased by 8.3%, adding 4.67 percentage points to the total 8.5%.
The value of the agriculture, fishery and forestry sector rose by 2.21%, contributing 0.07 percentage points to the GRDP rise.
The capital city’s industrial production index (IPI) in 2016 jumped 7.1% year-on-year, with the mining industry reporting a 53.6% decrease.
The manufacturing industry increased by 7.5% in addition to gas and electricity production and distribution climbing by 7.6%.
The city exported US$10.613 billion worth of goods in 2016, up 1.3% compared to the previous year, while importing US$24.833 billion worth of commodities, equivalent to 96.6% of last year’s figure, resulting in a trade deficit of US$14.22 billion for the whole year.
According to the municipal statistics department, Hanoi attracted 445 new foreign-invested projects for the whole year, with new and additional foreign direct investment (FDI) pledges of US$2.8 billion, up 46.4% regarding the number of projects and 164% in the capital. An estimated US$1.2 billion has been implemented so far.
The efforts of Hanoi authorities to shorten the time needed to business registration from five working days to three working days six months ahead of schedule pursuant to the Law on Enterprises has been highly appreciated by the business community.
More than 22,900 new enterprises were established in Hanoi in 2016, up 19% againt in 2015, with total registered capital of nearly VND204 trillion (US$8.97 billion), up 42%.
The value of the agriculture, fishery and forestry sector rose by 2.21%, contributing 0.07 percentage points to the GRDP rise.
The capital city’s industrial production index (IPI) in 2016 jumped 7.1% year-on-year, with the mining industry reporting a 53.6% decrease.
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The city exported US$10.613 billion worth of goods in 2016, up 1.3% compared to the previous year, while importing US$24.833 billion worth of commodities, equivalent to 96.6% of last year’s figure, resulting in a trade deficit of US$14.22 billion for the whole year.
According to the municipal statistics department, Hanoi attracted 445 new foreign-invested projects for the whole year, with new and additional foreign direct investment (FDI) pledges of US$2.8 billion, up 46.4% regarding the number of projects and 164% in the capital. An estimated US$1.2 billion has been implemented so far.
The efforts of Hanoi authorities to shorten the time needed to business registration from five working days to three working days six months ahead of schedule pursuant to the Law on Enterprises has been highly appreciated by the business community.
More than 22,900 new enterprises were established in Hanoi in 2016, up 19% againt in 2015, with total registered capital of nearly VND204 trillion (US$8.97 billion), up 42%.
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