Hanoi has recorded a GDP growth rate of 6.99 percent in the first quarter of this year, equivalent to the same period in 2018, it was reported at a meeting of the municipal People’s Committee on March 26.
Hanoi (VNA)🌠 – Hanoi has recorded a GDP growth rateof 6.99 percent in the first quarter of this year, equivalent to the sameperiod in 2018, it was reported at a meeting of the municipal People’sCommittee on March 26.
The service sector expanded by 7.08 percent in the quarter,while the industry-construction sector grew by 7.13 percent, and theagro-forestry-fisheries by 2.57 percent. According to Director of the city’s Department of Planningand Investment Nguyen Manh Quyen, there was a surge in the inflow of foreigninvestment into Hanoi, with 4.04 billion USD worth of direct and indirect investment,a 10-time increase year on year. The city collected 68.1 trillion VND (2.92 billion USD) forthe State budget in the period, equivalent to 28.6 percent of the estimate, andup 30.3 percent year on year. However, several sectors experienced a growth rate lowerthan the same period last year, including industrial production, goods retailsale, import-export and tourist number, while the consumer price index showed arising trend. The municipal authorities are concerned about the spreadingAfrican swine fever, which can affect agriculture and tourism in the timeahead. To address the arising problems, the People’s Committeerequired agencies and sectors to continue to implement effectively 76 tasks andmeasures set by the Plan of Actions No 12/Ctr-UBND on socio-economicdevelopment and budget estimates in 2019. The city will press on with strong measures to improve theinvestment and business environment and enhance the city’s competitiveness. In the second quarter, the city will build and implement aplan on a smart control centre as a step in building a smart city, andexpanding the digitalisation of public services.-VNA
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Nhat Tan bridge in Hanoi (Source: VNA) 
