Da Nang’s GRDP up nearly 5 percent in H1

Workers at an industrial park in the central city of Da Nang. (Photo: VNA)

Da Nang (VNA) – The central city of Da Nang posted a gross regional domestic product (GRDP) growth rate of 4.99 percent in the first half of this year, the municipal statistics office said on June 29.

The services sector saw the highest expansion in the reviewed period, at 5.34 percent. The industrial sector and construction gradually recovered, up 2.85 percent and taxes on products surged nearly 8 percent.

Agro-forestry and fishery sector, however, was down 0.08 percent against the same period last year.

In terms of the GRDP scale, the city took the lead amongst localities in the central key economic region, and retained its 16th place out of 63 centrally-run provinces and cities nationwide.

State budget collection of Da Nang had reached 10.7 trillion VND as of June 20, a year-on-year decline of 3.5 percent. Meanwhile, budget spending had neared 15.18 trillion VND, up 7.6 percent compared to the same period last year.

The unemployment rate in the city was 7.27 percent in the first six months of the year. By the end of June, local authorities had allocated more than 501.7 billion VND to support 326,141 people, primarily laid-off workers, small-sized household businesses and policy beneficiaries.

The city has set a target to obtain a growth rate of over 6 percent in 2021./.