Hanoi’s economy: Significant changes after 70 years of liberation
Once a war-torn city, Hanoi has transformed into a hub of dynamic growth and development. The capital's economy consistently achieves strong growth rates, contributing 16% to the national GDP and 19% to the overall state budget.
The industrial production and trade of Hanoi has been on a recovery trend from the beginning of the year, driven by the capital city’s policies of reopening business activities after months of closing down to fight the pandemic.
Hanoi’s economy continues its growth momentum in the first quarter of 2024, thanks to its activeness and flexibility in implementing socio-economic development measures, according to the municipal People’s Committee.
A range of important issues were on the agenda at the 14th session of the 15th Hanoi People’s Council on May 15, aimed at boosting the capital’s socio-economic development after the COVID-19 is fully brought under control.