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Hanoi reports 3.27-percent GRDP growth in Q1

Hanoi posted an increase of 3.27 percent in Gross Regional Domestic Product (GRDP) in the first quarter of 2020 – the lowest in recent years, according to the municipal Statistics Office.
Hanoi reports 3.27-percent GRDP growth in Q1 ảnh 1Illustrative image (Photo: internet)

Hanoi (VNA) – Hanoi postedan increase of 3.27 percent in GrossRegional Domestic Product (GRDP) in thefirst quarter of 2020 – the lowest in recentyears,according to the municipal Statistics Office.

This was attributed to impact of the ravaging COVID-19 pandemic.

The agro-forestry-aquaculture sector saw a decrease of 1.17 percent,while the industry-construction and service fields respectively rose by 5.46percent and 3.2 percent, the office said.

In the reviewed period, retail and service revenuein the capital city totaled 135.7 trillion VND (over 5.7 billion USD), up 2.3percent year-on-year. Meanwhile, its export turnover reached 2.74 trillionUSD, 18.1 percent lower than the figure posted in the same period last year.

Tourism, transportation, accommodation andcatering services; processing and manufacturing industries; import and exportsand a number of other service sectors recorded sharp declines.

As much as 63 trillion VND of development investment was disbursed in the period, representing ayearly increase of 5.2 percent.

The capital city attracted 646.4 million USD in foreign direct investment (FDI),including 389 million USD from 170 new projects and 36 with added capital, and257.4 million USD in capitalcontribution to buy shares.

Hanoi is now home to 6,102FDI projects with a total registered capital of 42.75 billion USD,of which 26.5 billion USD has been disbursed./.

VNA
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