HN posts GRDP growth of 1.28% in Jan-Sep
VGP – Ha Noi will speed up the vaccination program is seen as the platform to boost growth in the remaining period of the year.
Ha Noi’s gross regional domestic product (GRDP) growth in the first nine months of 2021 stood at 1.28% year-on-year, significantly lower than the 3.27% recorded in the same period last year. The municipal Department of Statistics released the figure in its monthly report, noting a slower economic growth was due to a sharp contraction of 7.02% in GRDP growth in the third quarter amid the fourth Covid-19 outbreak.
The agro-forestry-fishery sector posted growth of 3% in the nine-month period, contributing 0.06 percentage points to overall growth; followed by industry and construction at 1.88%, or 0.4 percentage points; and the services sector with 0.85%, or 0.55 percentage points.
In the services sector, hospitality and catering services suffered a sharp decline of 26.91% year-on-year; administrative and support services by 24.82%; real estate by 8.96%; art and entertainment by 7.02%.
The index of industrial production in the third quarter decreased by 4.4% year-on-year, in which the manufacturing and processing, accounting for 96.5% of total production value in Ha Noi’s industry sector, went down by 5.3%.
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