The Hanoitimes - Like elsewhere in Vietnam, the growth of the city`s exports has been driven by foreign companies.
Hanoi’s export turnover rose 10.4% year-on-year to an estimated US$6.15 billion between January and June, according to the municipal Department of Statistics.
Of the sum, the foreign-invested sector raked in US$3.12 billion, marking the sharpest growth at 11.3% from the same period last year. Meanwhile, non-state companies' exports stood at US$2.15 billion, up 10.3% year-on-year, and state firms shipped US$884 million in goods, rising 7.4%.
In January-June, the city witnessed high rise in export volume of agricultural products (up 23.7%); electronic products (up 20.4%); transport vehicles and spare parts (up 19,9%); computer parts and peripheral equipment (14.2%).
Hanoi's view from above. Photo: Zingnews
Also in the reviewed period, some categories suffering decline included shoes and leather goods (3.5%); machinery, equipment and components (down 2.8%); glass and products made of glass (down 4.6%).
Hanoi continued maintaining high and stable economic growth in the first six months of 2018. The city’s total gross regional domestic product grew 7.07% over the same period last year.
Industrial production of the city during two first quarters of 2018 moved up by 8% compared to the same period last year.
Until now, the city has 4,330 valid foreign direct investment (FDI) projects with total registered capital of US$33.4 billion.
The city aims to collect VND218.27 trillion (US$9.6 billion) for the state budget in 2018, a rise of 20% against the previous year, according to the Hanoi Taxation Department