In the first quarter, Hanoi's gross regional domestic product (GRDP) is posted at VND164.8 trillion (US$7.2 billion), up 6.98% (in new calculation), higher than the 6.48% of the same period in last year, Hai gave his speech on a meeting discussing the capital's economic performance in the first quarter on April 10.
Hanoi set sight on high economic performance.
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The industrial and construction industry posted strong growth, rising by 7.24% against the same period last year. Among those the industrial sector rises 7.12%, adding 1.05 percentage point to the mutual increase.
Meanwhile, rising value of the service sector hits 7.05% against the first quarter of 2017 (contributing 5.1% to the GRDP rise). Some major sector with large proportion in the GRPD remain the stable growth, such as: retail, wholesale, repair of car, motorbike and engine-vehicles (up by 8.23%, contributing 1.51 percentage point to the mutual rise); accommodation and food service (up by 7.54%); information and communication (up by 8.17%); finance, banking and insurance (up by 7.88%), science, state management, education, healthcare hold stable growth.
Tourists coming to Hanoi in the first three months reached 6.7 million, up 9% year on year; while state budget revenue is posted at VND58 trillion (US$2.54 billion), up 12.3% year on year, and equivalent to 24.4% of estimates.
Hanoi also facilitated the implementation of public online services (POS), for which the capital has put into operation 502 POS. The objective is to carry out 55% POS out of the administrative procedures, which requires a higher effort from the entire city's political system, stressed Hai.
Hanoi aims to reach GRDP target at 7.3-7.8% in 2018. The city expects to have over 50,000 newly established enterprises in 2018 (including business households which are transformed into enterprises). Along with this target, Hanoi expect the service's growth of 6.9-7.5%; while that of industry and construction at 8.2%-8.7%; export turnover at 7.5-8%.
In 2017, Hanoi reached GRDP at 8,5%, according to Hanoi's Statistics Bureau. The city's 2018 target is actually the same to its 2017 figures, but is revised under the new methodology, which is stated in its 2018 economic plan report.
