Hanoi’s economy has expanded since the beginning of this year with steady growth recorded in all the key sectors of industry, trade, tourism and services and agriculture, reported the municipal People’s Committee.
Hanoi (VNA) – Hanoi’s economy has expanded since thebeginning of this year with steady growth recorded in all the key sectors ofindustry, trade, tourism and services and agriculture, reported the municipalPeople’s Committee. The city’s industrial production index grew 6.5 percent in the firsteight months of 2017, of which the mining industry rose 7.1 percent. Themanufacturing and processing sector expanded 6.6 percent while the electricityproduction and distribution registered a 6.1 percent increase. The water supplyand waste treatment sector saw growth of 3.1 percent. Total revenue from retail sales and services in August hit 202.56trillion VND (8.92 billion USD), representing monthly and yearly increases of2.1 percent and 12 percent. Of which, total retail sales were 48.78 trillionVND (2.14 billion USD), up 2.8 percent against the previous month and 14.7percent compared to the same period last year. During the January-August period, Hanoi’s export turnover enjoyed ayear-on-year increase of 8.5 percent to 7.6 billion USD. Since the beginning of the year, Hanoi has welcomed more than 2.3million foreign visitors, up 22.7 percent year-on-year. In the remaining months, Hanoi will focus on stimulating consumption, exchanginggoods with other localities, and promoting export while well managing the domesticmarket and developing tourism products. The city will approve a planning scheme for developing industrialclusters by 2020 with a vision to 2030 while calling more investors to buildlocal industrial parks. It will take measures to remove difficulties in termsof procedures for investors and pay attention to big domestic and foreign-investedprojects so that they could be licensed in 2017. -VNA
Hanoi’s Retail and service revenue in the first two months of 2017 amounted to 365 trillion VND (16.4 billion USD), an increase of 7.1 percent from the same period last year, according to the Hanoi Statistics Office.
Hanoi’s economy grew in the first months of this year, with good performance in the industry-construction and service sectors, according to the municipal People’s Committee.
Hanoi welcomed nearly 12 million tourists in the last two quarters, earning 35 trillion VND (about 1.54 billion USD), representing year-on-year increases of 8 percent and 13 percent, respectively.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
A corner of Hanoi (Photo: VNA) 
