Positive economic results are thanks to the city’s strong pushes amid the Covid-19 pandemic.

Hanoi continues to show positive economic performance in May as the city remains steadfast on pursuing the twin targets of both containing the pandemic and boosting economic growth.
Hanoi's Mayor Chu Ngoc Anh at the meeting. Photo: Kinhtedothi |
Chairman of the Hanoi People’s Committee Chu Ngoc Anh gave the assessment in the city’s monthly meeting today [May 27].
In May, Hanoi’s index of industrial production rose by 1.8% against last month and 5.1% year-on-year, leading to an overall growth of nearly 10% year-on-year in the five-month period.
The manufacturing and processing sector, accounting for 96% of total production value in the industry sector, increased by 9.7% year-on-year, Ngoc Anh noted.
Director of the municipal Planning and Investment Department Do Anh Tuan said such results were thanks to the city’s strong push for ensuring smooth operation of economic activities despite the Covid-19 pandemic.
Production at Garment 10 company. Photo: Cong Tho |
Tuan informed the city’s export turnover stayed around the same level of April at US$1.25 billion, expanding 2.5% against last May, while imports rose by 4.7% month-on-month and a whopping of 26.2% year-on-year in the January-May period.
The city’s mayor also pointed out other positive economic indicators, including total revenue from retail sales and services of VND243.8 trillion (US$10.53 billion) in Jan-May, up 11.2% year-on-year; foreign direct investment (FDI) attraction of over US$591 million; and budget revenue of VND110.6 trillion (US$4.78 billion), up 6.5% year-on-year.
In May, the city’s consumer price index (CPI), a gauge of inflation, rose by 1.8% against April and 0.43% year-on-year.
The CPI, however, declined by 0.5% in the first five months compared to the same period of last year and stayed under control, Tuan added.
This year, Hanoi sets a growth target of 7.5% from the estimated 3.94% in 2020.
Other News
- Hanoi, La Habana to ink partnership deals
- Hanoi to ban illegitimate renting and leasing of public property
- Vietnamese brands listed in Asia Architecture Design Awards' Top 100 Outstanding Projects
- Hanoi to ensure food safety for ten million residents
- Phase two of the Vinh Tuy Bridge nears completion
- Hanoi launches Action Month for Children 2023
- Hanoi Rescue Team: Nighttime "heroes" for motorcyclists
- Vietnamese literature in the spotlight at the 14th Asian Children's Content Festival
- Photo Hanoi'23: Zoom in on Vietnamese culture
- Hanoi to set example in socio-economic development
Trending
-
Hanoi Times Weekly Podcast
-
Vietnam News Highlights for June 2, 2023
-
Summer Online Safety Playground gives self-protection skills to children in Hanoi
-
Vietnamese Government urged to ban e-cigarettes
-
Vietnam’s Reunification Express named world’s most incredible rail journey: Lonely Planet
-
First Vietnamese forced laborers return from the Philippines
-
Franco-Vietnamese Filmmaker wins Best Director at Cannes 2023
-
Hanoi emerges major luxury brand destination in Southeast Asia
-
Two new suburban tourist spots diversify Hanoi’s travel options