Hanoi has set an economic growth rate of 8.5 - 9.45 percent in the second half of this year to realise the preset Gross Regional Domestic Product (GRDP) goal of 8-8.5 percent for the entire year.

The target was specified during the municipal People’s Committee’s monthly session held to review the outcomes of the city’s socio-economic development performance and budget execution in the first half of the year.

According to the committee, the city still maintained a stable growth rate in the reviewed period with GRDP estimated to rise 7.5 percent.

Noticeably, the city’s Consumer Price Index (CPI) in May went down 0.22 percent from April.

Hanoi ’s sound development, however, was not firm as a number of its planned socio-economic goals failed to achieve in the reviewed period, the Committee said.

Committee Chairman Nguyen The Thao asked relevant departments and agencies to focus on figuring out the reasons behind the failure and seek effective measures to fix it.-VNA