HN: GRDP expands 5.91% in H1

25/06/2021

VGP – Ha Noi’s gross regional domestic product growth rate was estimated at 5.91% in the first six months of 2021, higher than the 3.39% rate recorded in the same period of last year, according to the Ha Noi municipal People’s Committee.

Illustration photo

Director of the municipal Department of Planning and Investment Do Anh Tuan reported on June 24 other key results in the January-June period, including a 7.1% year-on-year increase to VND124.85 trillion (US$5.42 billion) in the state budget revenue, and an industrial production growth rate of 8.7%. Revenue from retail sales and services also rose by 7.2% year-on-year to VND289.65 trillion (US$12.58 billion). Foreign arrivals to Ha Noi in the five-month period plunged by 85.5% year-on-year to 101,000 and the number of domestic tourists contracted 19% to 1.37 million.

The city remains in the top 10 business-friendly localities, standing at 9th in the 2020 Provincial Competitiveness Index (PCI). 

FDI attraction hit over US$ 691 million including US$ 96 million of 171 newly-registered capital projects, US$ 447.7 million of 78 expanded projects, and US$ 120.5 million of 250 projects of foreign investors’ capital contribution to buy shares or capital contribution in enterprises.  

According to Mr. Tuan, as the city targets to realize its growth target of 7.5% in 2021, the city must aim for economic growth of over 8.5% in the third quarter and over 9.1% in the fourth quarter, which is “a challenging task given the current pandemic situation.”

In the coming time, Ha Noi is expected to continue pushing for economic recovery by reforming existing administrative procedures, improving the business/investment environment, and attracting investment capital for development./.

Director of the municipal Department of Planning and Investment Do Anh Tuan reported on June 24 other key results in the January-June period, including a 7.1% year-on-year increase to VND124.85 trillion (US$5.42 billion) in the state budget revenue, and an industrial production growth rate of 8.7%. Revenue from retail sales and services also rose by 7.2% year-on-year to VND289.65 trillion (US$12.58 billion). Foreign arrivals to Ha Noi in the five-month period plunged by 85.5% year-on-year to 101,000 and the number of domestic tourists contracted 19% to 1.37 million.

The city remains in the top 10 business-friendly localities, standing at 9th in the 2020 Provincial Competitiveness Index (PCI). 

FDI attraction hit over US$ 691 million including US$ 96 million of 171 newly-registered capital projects, US$ 447.7 million of 78 expanded projects, and US$ 120.5 million of 250 projects of foreign investors’ capital contribution to buy shares or capital contribution in enterprises.  

According to Mr. Tuan, as the city targets to realize its growth target of 7.5% in 2021, the city must aim for economic growth of over 8.5% in the third quarter and over 9.1% in the fourth quarter, which is “a challenging task given the current pandemic situation.”

In the coming time, Ha Noi is expected to continue pushing for economic recovery by reforming existing administrative procedures, improving the business/investment environment, and attracting investment capital for development./.

By Kim Anh