Hanoi’s export turnover totalled 801 million USD in January, which represented a year-on-year increase of 21.1 percent.

Export of local businesses rose 25.8 percent in the month.

Ten out of 11 export products reported increases in the reviewed month, including farm produce (up 49.7 percent), computer components and peripheral devices (44.4 percent), and glass and glass products (31.4 percent).

Experts forecast a rapid growth in export for the city in the coming time, citing clear signs of recovery in the global market.

However, in the month, the capital city faced a one-month surge of 0.95 percent in inflation. Experts blamed the spike in prices on rising consumer demand ahead of the Tet (Lunar New Year) holiday in February.

The municipal Statistics Office reported that price rises were seen in 10 out of the 11 categories to goods and services used to calculate the consumer price index, with food and services rising by 1.84 percent and garments and footwear by 1.47 percent.

Only the cost of transportation saw a decrease, falling 0.14 percent from December, 2012.

Hanoi ’s economy in 2013 is forecast to face difficulties and challenges more severe than that in 2012.

The city predicts a growth rate of 8-8.5 percent based on the analysis of the domestic and global situation.-VNA