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Industry
Dec 24, 2017 / 08:30

Hanoi’s industry sector aims to achieve 8% growth in 2018

Anh Kiet - Nguyen Anh

Hanoi’s Department of Industry and Trade Director Le Hong Thang on December 22 announced that the Capital eyes a pickup of 7.7-8.1 percent in export revenue, 8.2 percent increase in Index of Industrial Production (IIP) and 11 percent surge in total retail sales.

In a bid to realise the set target, the department will enhance trade promotion, seek ways to expand domestic markets and diversify export markets, and provide information on markets, export products and free trade agreements that Vietnam has joined in.

 
Developing support industries and attending international fairs to seek partners will be prioritised as well. Along with efforts to promote “Vietnamese people prioritise using Vietnamese goods” campaign, the department will work to develop production, address difficulties for local enterprises, and speed up construction of shopping malls, supermarkets and markets.

Meanwhile, the city will pay due attention to curbing inflation rate and stabilising supply-demand. The city’s industrial production in 2017 reached nearly 500 trillion VND (22 billion USD), 7.3 percent higher than the figure in 2016. Export revenue rose 10.3 percent year on year to 11.77 billion USD. 

The outlook for the city’s industrial production in the second half of the year is bright thanks to the expansion of processing and manufacturing and the development of support industries.

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