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Hanoi’s economic growth expands 7.79% in six months

by NDO01 July 2022 Last updated at 15:55 PM

Hanoi is focusing on attracting investment capital, speeding up disbursement of public investment, and promoting tourism. (Illustrative image/Photo: VNA)
Hanoi is focusing on attracting investment capital, speeding up disbursement of public investment, and promoting tourism. (Illustrative image/Photo: VNA)

VTV.vn - The gross regional domestic production (GRDP) of Hanoi in the first six months of this year, is estimated to increase by 7.79% over the same period last year.

According to the Hanoi People’s Committee, sectors that made great contributions to GRDP growth include transportation, warehousing, information, communications, wholesale and retail.

The service sector expanded by 9.05% compared to the same period last year, contributing 5.91 percentage points to the increase in GRDP. The industry and construction sector rose by 6.31% compared to the same period in 2021, contributing 1.27 percentage points to GRDP growth.

Meanwhile, the agricultural, forestry and fishery sector in the first six months of this year soared by 2.39% over the same period last year, contributing 0.06 percentage points to the GRDP growth.

Industrial production continued to recover positively in the first six months of this year thanks to the proactive implementation of solutions to facilitate enterprises. However, the increasing prices of fuel and raw materials have affected input costs and the production efficiency of enterprises.

Hanoi’s industrial production index in six months rose by 6.6% over the same period last year with increases in the cost of processing and manufacturing sectors.

Hanoi also attracted 767.1 million USD in foreign investment in the first half of this year, an increase of 30.6% over the same period last year.

Hanoi is focusing on attracting investment capital, accelerating the progress of key construction projects, speeding up the disbursement of public investment, and promoting tourism.

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