HN focuses on economic recovery

Illustration photo

High industrial production  

The industrial production index (IPI) in August picked up 7.8% against the same period last year.

In the January-August period, the IPI posted a year-on-year surge of 7.1%. Especially, production of garments and textiles increased by 20.2%; paper (up 164.8%); fridges (up 44.1%); automobile spare parts (up 18%).  

The Ha Noi Statistics Office assessed that the local industrial production rebounded with positive growth pace after a long period of recession facing the national economy. Industrial production was forecast to keep stable with higher performance in the next couple of months.

The Statistics Office also reported that investment capital grew 10.8% and total retail sales of goods and services picked up 9.5% in the first eight months.

The consumer price index (CPI) in August dropped slightly due to declining costs of transport and food.

Credit growth touched 10.3% and FDI attraction made a new leap forward.

Raising growth quality

In the rest of the year, the local authorities will spare no effort to attain the preset goal of Gross Regional Domestic Product (GRDP) at 8.5-9.5%.

Specifically, Ha Noi would push up regional connectivity program on product consumption; facilitate capital access for SMEs; reform administrative procedures for businesses (in business registration, tax, social insurance, customs); and strengthen single-window mechanism.  

In addition, the local authorities would accelerate urban management; attract more FDI inflows to urban infrastructure and real estate projects./.

By Khanh Phuong