Hanoi’s trade balance is set to hit a deficit of nearly 1.4 billion USD in November, but its industrial index this month saw an impressive growth of 10.3% over the same period last year, the report of the municipal Statistics Office showed.
Accordingly, the city's exports in November reached 901 million USD, up 15.5% against last year, while import turnover was 2.3 billion USD, down 0.9% over the same period.
In January-November, Hanoi’s exports reached 9.7 billion USD, up 1.2% over the same period last year, while imports turnover was 22.3 billion USD, down 4.6%. The city recorded a trade deficit of 12.6 billion USD in the reviewed time.
Meanwhile, Hanoi's industrial index in November increased impressively, with a rise of 8.5% over the previous month and 10.3% over the same period.
In November, only the mining industry decreased by 15.6% over the previous month and 12.5% over the same period last year, the remaining sectors recorded high growth indexes.
In the period, the industrial production index increased more than 7% over the same period last year, during which mining groups decreased by over 51% due to the city's ban on sand mining to protect the flow of rivers and the safety of dykes.
The processing and manufacturing industries increased by 7.4%, production and distribution of electricity and gas rose by 7.7% and water supply, garbage and waste water treatment increased by 2%.
Several manufacturing sectors with relatively high growth compared to the average were food processing and production, with 19.7%; apparel manufacturing, with 22.4%; pharmaceutical and medicinal production, with 29.5%; metal production increased by 15.7% and furniture production, with over 54%.
According to the municipal People’s Committee, Hanoi's gross domestic product (GDP) growth rate this year is estimated to reach 8.03 percent – the highest in six years.
While the services sector’s expansion was estimated at 8.1 percent, industry and construction have risen by 8.8 percent, and agriculture growth has hit 2.21 percent.
The local consumer price index is between 3.01-3.07 percent this year, according to municipal departments.
Accordingly, the city's exports in November reached 901 million USD, up 15.5% against last year, while import turnover was 2.3 billion USD, down 0.9% over the same period.
In January-November, Hanoi’s exports reached 9.7 billion USD, up 1.2% over the same period last year.
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Meanwhile, Hanoi's industrial index in November increased impressively, with a rise of 8.5% over the previous month and 10.3% over the same period.
In November, only the mining industry decreased by 15.6% over the previous month and 12.5% over the same period last year, the remaining sectors recorded high growth indexes.
In the period, the industrial production index increased more than 7% over the same period last year, during which mining groups decreased by over 51% due to the city's ban on sand mining to protect the flow of rivers and the safety of dykes.
The processing and manufacturing industries increased by 7.4%, production and distribution of electricity and gas rose by 7.7% and water supply, garbage and waste water treatment increased by 2%.
Several manufacturing sectors with relatively high growth compared to the average were food processing and production, with 19.7%; apparel manufacturing, with 22.4%; pharmaceutical and medicinal production, with 29.5%; metal production increased by 15.7% and furniture production, with over 54%.
According to the municipal People’s Committee, Hanoi's gross domestic product (GDP) growth rate this year is estimated to reach 8.03 percent – the highest in six years.
While the services sector’s expansion was estimated at 8.1 percent, industry and construction have risen by 8.8 percent, and agriculture growth has hit 2.21 percent.
The local consumer price index is between 3.01-3.07 percent this year, according to municipal departments.
