Hanoi industrial production rises 8% in Jan-Jul
Strong efforts from the city helped avoid disruption to industrial production amid the Covid-19 outbreak.
Strong efforts from the city helped avoid disruption to industrial production amid the Covid-19 outbreak.
Manufacturing and processing that accounts for 96.5% of total production value in the industry sector expanded 3.8% year-on-year during the seven-month period.
Hanoi would take this crisis as an opportunity to reshuffle economic activities and attract investment from multinationals, said a city leader.
While Hanoi’s agricultural sector is the least affected by Covid-19, a growth rate of 3.5% of the city’s Index of Industrial Production in the first half of 2020 is the second highest nationwide.
A positive growth rate of Hanoi’s industrial production in May led to an expansion of 2.6% year-on-year in the January – May period.
For the eleven-month period, the mining industry growth declined by 21.9% year-on-year while manufacturing and processing was up 8.3%.