Hanoi records 7.35 percent economic growth in first three quarters

Friday, 2019-10-25 21:35:10
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NDO/VNA – Hanoi has maintained a high growth rate so far this year, with the Gross Regional Domestic Product (GRDP) expanding 7.35 percent in the first nine months of this year, it was reported at the 10th session of the city’s People’s Council on October 25.

All the industrial, agricultural, fishery and commercial-service sectors recorded higher growth than the same period last year. The city earned an estimated US$23 billion from exports, up 6.5 percent year on year.

Hanoi also collected around VND185 trillion (nearly US$8 billion at current exchange rate) for the State budget, up 14.3 percent from the same period last year and meeting 70.3 percent of estimate.

The capital city expects to achieve or overfulfill all socio-economic targets set for this year, heard the one-day session.

The municipal People’s Council convened the session, which was an extraordinary one, to consider and make decisions on some issues with a view to creating more resources for socio-economic development.

At the end of the session, the council adopted a resolution on amendments and supplements to the city’s investment plan in 2019 (third phase) using the municipal budget. Under the resolution, total investment capital for 2019 will increase to more than VND31.51 trillion from the previous VND31.49 trillion, and the number of projects to be allocated capital rises to 558 from the previous 546.

The People’s Council also passed a resolution on the investment policy for 22 projects in the city’s medium-term public investment plan for 2016-2020.

The session also dealt with personnel work of the municipal People’s Council and some departments and agencies of the city.