Hanoi’s economy is beginning to showsigns of stability, as its GDP for the first nine months of the year isestimated to have increased by 5.7 percent compared with the sameperiod last year.
According to figures from thecity’s Statistics Department, the value of Hanoi’s industrialproduction increased by 7.7 percent in the first nine months of theyear. State-owned industries grew by 5.8 percent, non-state by 10.9 andforeign invested economic sector by 6.4 percent.
However, the city’s exports and the amount of foreign direct investmentit has attracted continued to fall due to the impacts of the globaleconomic recession.
Export turnover in the capital dropped by 11.2 percent compared to thesame period last year, of which rice exports saw the biggest decreaseof 51 percent, followed by coal 27 percent and handicraft products 16percent.
During this period, the city attracted 225 foreign investment projectswith a total registered capital of 400 million USD, a year-on-yeardecrease of 10 percent in the total number of projects and 91 percentin the total investment capital.
To achieve its socio-economic development goals, the city will continueto introduce various solutions such as increasing the export ofcommodities with large turnovers, expanding and diversifying the exportmarket and promoting industrial production.
It will also continue to stimulate consumer demand and enhance thedistribution systems for commodities to make it easier for domesticproducts to reach consumers./.
According to figures from thecity’s Statistics Department, the value of Hanoi’s industrialproduction increased by 7.7 percent in the first nine months of theyear. State-owned industries grew by 5.8 percent, non-state by 10.9 andforeign invested economic sector by 6.4 percent.
However, the city’s exports and the amount of foreign direct investmentit has attracted continued to fall due to the impacts of the globaleconomic recession.
Export turnover in the capital dropped by 11.2 percent compared to thesame period last year, of which rice exports saw the biggest decreaseof 51 percent, followed by coal 27 percent and handicraft products 16percent.
During this period, the city attracted 225 foreign investment projectswith a total registered capital of 400 million USD, a year-on-yeardecrease of 10 percent in the total number of projects and 91 percentin the total investment capital.
To achieve its socio-economic development goals, the city will continueto introduce various solutions such as increasing the export ofcommodities with large turnovers, expanding and diversifying the exportmarket and promoting industrial production.
It will also continue to stimulate consumer demand and enhance thedistribution systems for commodities to make it easier for domesticproducts to reach consumers./.
