With the boundary adjustment, Hanoi has become one of the capitals with large areas and populations in the world. Taking advantage of this, the municipal authorities have bolstered the city's development in a rapid, comprehensive and sustainable direction, maintaining its role as an economic locomotive of the country.
The city’s economy has revived rapidly after the COVID-19 pandemic. It recorded year-on-year growth of nearly 8.9% in gross regional domestic product in 2022, higher than the target of 7 - 7.5%, according to the municipal Statistics Office.
Hanoi’s GRDP grew by 5.97% in the first half of 2023, 1.6 times higher than the national average. The city’s budget revenue rose by some 23% over the same period last year.
The capital city attracted 1.69 billion USD in foreign direct investment last year, among the country's top localities in this field./.
