Capital city sees upbeat trade growth in 9 months
Domestic trade and services turnover in the capital city of Hanoi amounted to 1,719 trillion VND (75.6 billion USD) between January and September, an annual increase of 9.6 percent.
Illustrative photo (Source: hanoimoi.com.vn)Hanoi (VNA) – Domestic trade and services turnover in the capital city of Hanoi amounted to 1,719 trillion VND (75.6 billion USD) between January and September, an annual increase of 9.6 percent.
According to the Hanoi statistics department, retail revenue grew 9.8 percent and contributed 405 trillion VND (17.82 billion USD) to the amount.
Nine-month export of the city, meanwhile, hit about 8.59 billion USD, up 8.7 percent year on year.
Upbeat export growth was attributable to substantial turnover increases made by key commodities, such as footwear-leather (up 100.9 percent annually), electronic products (up 98.9 percent), and farm produce (up 64.7 percent).
Among major exports of Hanoi, garment and textile saw an annual reduction of 0.1 percent in the period, due to difficulties in securing long-term contracts, dropping sub-contracting prices and stricter requirements from importers.-VNA
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