In the first nine months of 2024, Hanoi’s service sector increased by 6.76% over the same period last year.
Some industries saw relative good growth such as administrative activities and support services (up 17.22%), wholesale and retail (up 8.56%); accommodation and catering services (up 7.55%); finance, banking and insurance (up 7.38%), education and training (up 6.61%); and science and technology (up 6.49%).
The industrial and construction sector rose by 5.74% over the same period last year, contributing 1.15 percentage points to the city’s GRDP growth.
In the reviewed period, the Index of Industrial Production (IIP) rose 5.4% from the same period last year, in which the processing and manufacturing industry surged 4.8%; electricity production and distribution, 9.9%; water supply and waste and waste solide treatment, 10.1%; and mining, 0.9%.
The consumption index of the processing and manufacturing industry in September was up 1.1% compared to the same period in 2023.
In the first nine months, the index increased 9.9% over the same period last year.The city’s statistics office said that the industry witnesses positive recovery with increased orders.
Meanwhile, stable fuel prices and transportation costs have partly reduced the burden on industrial production.
