Hanoi Grdp Growth

A pivotal objective of the master plan is to strengthen Hanoi's position as the leading economic hub of the northern region and the entire nation and to foster international competitiveness.

Efforts continue to be directed towards enhancing the investment climate, addressing bottlenecks, and fostering production and business activities.

The services sector has been a driver of economic support, with policies aimed at stimulating domestic consumption and promoting tourism to sustain growth in this sector.

The city will continue accelerating its digital transformation efforts, focusing on upgrading information systems to handle administrative procedures.

Despite the current global economic conditions, characterized by slow growth and a decline in international trade, the city's economic growth has remained positive.

Hanoi aims to maintain macroeconomic stability and control inflation while promoting new growth drivers and enhancing its economic resilience.

Hanoi will continue economic restructuring efforts, promote new growth drivers, and strengthen its self-reliance and resilience to external shocks.

This year GRDP growth was in line with the most optimistic growth scenario for 2021 of 2.35-3% for the capital city.

Hanoi continues to ensure safe and flexible adaptation to the pandemic situation in 2022.