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Hanoi's GDP and CPI in 2016 are lower than the set target

That is the information provided by the General Statistics Office at a press conference announcing socio-economic statistics of 2016 held on December 28.

The consumer price index (CPI) in Hanoi fall slightly, Hanoi Statistics Office reported. The slight fall is attributed to a recent decline in the prices of some groups of commodities, including vegetables, gas and petroleum, electricity, housing and construction materials.


An upturn was seen in food, particularly rice price, because a huge amount of rice is mobilised for the flood-hit central provinces. The import and export values of Hanoi increased slightly in the month. The export value climbed to 928 million USD, up 3 percent from the previous month and 2.1 percent from the same period last year. The year’s export value posted at 10.61 billion USD, a year-on-year increase of 1.3 percent.

The month’s import value was 2.41 billion USD, up 0.8 percent and 2.4 percent, respectively. The year’s import value was 24.83 billion USD, falling 3.9 percent from the same period last year. Several goods saw a major drop in import value, including petroleum and oil (22.5 percent), fertilizer (13.8 percent), and chemicals (14.3 percent).

Also in December, Hanoi welcomed 254,000 foreign tourists, up 2.4 percent from the previous month and 3.6 percent from the same period last year. The number of domestic visitors was 807,000, up 1.8 percent and 8.1 percent, respectively. The city’s tourism sector earned nearly 4.79 trillion VND (210.6 million USD), up 12 percent and 10.7 percent.

In 2016, the city accommodated 2.8 million international tourists and 9.24 million domestic visitors, year-on-year increases of 19.9 percent and 4.3 percent, respectively, generating over 55.1 trillion VND (2.42 billion USD), up 10.6 percent.

The overall socio-economic picture of Hanoi in 2016 shows various signs of positivity. The city’s gross regional domestic product (GRDP) in 2016 has been estimated to increase by 8.2 percent compared to the previous year.

The value of the agriculture, fishery and forestry sector rose by 2.21 percent, contributing 0.07 percentage points to GRDP growth. The industrial and construction sector saw its value rise by 9 percent, contributing 2.75 percentage points to GRDP growth. The value of the service sector increased by 8.3 percent, contributing 4.67 percentage points to GRDP growth.

The total circulation of goods and service revenue in 2016 would go up by 10 percent over same period last year, of which retail and service revenue increased by 8.8 percent. Over 12 million tourists visited Hanoi in 2016, up 9.55 percent year-on-year.
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