Hanoi’s GRDP rises by 6.98% in first quarter
For the first three months of 2018, Hanoi’s gross regional domestic products (GRGP) rises 6.98% against the same period last year.
Specifically, the value of the agriculture, fishery and forestry sector increases by 2.04%, contributing 0.04 percentage points to the GRDP rise.
Generally, “during the 2018’s first quarter, the livestock sector gets stable with increasing pork’s price while dangerous infection diseases are hardly found in flocks and common diseases are limited”, according to Hanoi’s Statistic Bureau.
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.
Construction enterprises hold the development momentum. Despite modest number of newly-built buildings, investors and contractors focuses to finalize on-going projects since the early year.
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.
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.
Illustrative photo
|
Generally, “during the 2018’s first quarter, the livestock sector gets stable with increasing pork’s price while dangerous infection diseases are hardly found in flocks and common diseases are limited”, according to Hanoi’s Statistic Bureau.
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.
Construction enterprises hold the development momentum. Despite modest number of newly-built buildings, investors and contractors focuses to finalize on-going projects since the early year.
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.
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.
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.
- Annual Tet flower market opens in Hoan Kiem District
- Thousands of people rejoice Hanoi International Light Festival 2025
- HUFO looks back at 2024 with impressive results
- More than 2,000 drones paint Hanoi's landmarks in New Year's skies
- Hanoi accelerates completion of Ring Road No. 4 service roads in 2025
- Hanoi’s greater autonomy under Capital Law unlocks new growth opportunities