Hanoi records 7.35 percent economic growth in first three quarters

Hanoi has maintained a high growth rate so far this year, with the GRDP expanding 7.35 percent in the first nine months of this year, it was reported at the 10th session of the city’s People’s Council on October 25.
Hanoi records 7.35 percent economic growth in first three quarters ảnh 1Illustrative image (Photo: VNA)  
Hanoi (VNA) – Hanoi has maintained a high growth rate so far this year,with the Gross Regional Domestic Product (GRDP) expanding 7.35 percent in thefirst nine months of this year, it was reported at the 10th sessionof the city’s People’s Council on October 25.

Allthe industrial, agricultural, fishery and commercial-service sectors recordedhigher growth than the same period last year. The city earned an estimated 23billion USD from exports, up 6.5 percent year on year.

Hanoialso collected around 185 trillion VND (nearly 8 billion USD at current exchange rate) for theState budget, up 14.3 percent from the same period last year and meeting 70.3 percent of estimate.

Thecapital city expects to achieve or overfulfill all socio-economic targets setfor this year, heard the one-day session.

Themunicipal People’s Council convened the session, which was an extraordinaryone, to consider and make decisions on some issues with a view to creating moreresources for socio-economic development.

Atthe end of the session, the council adopted a resolution on amendments andsupplements to the city’s investment plan in 2019 (third phase) using themunicipal budget. Under the resolution, total investment capital for 2019 willincrease to more than 31.51 trillion VND from the previous 31.49 trillion VND,and the number of projects to be allocated capital rises to 558 from theprevious 546.

ThePeople’s Council also passed a resolution on the investment policy for 22projects in the city’s medium-term public investment plan for 2016-2020.

Thesession also dealt with personnel work of the municipal People’s Council andsome departments and agencies of the city./.
VNA

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