Hanoi’s GDP growth estimated at 8.1 pct

November 14, 2012 | 08:12

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Hanoi’s gross domestic product (GDP) is expected to reach 8.6 pct in the last quarter this year, making year-on-year growth of 8.1 pct, announced the municipal Department of Planning and Investment.

The growth for services, industry-construction, and agro-forestry-aquaculture are estimated to have increased 9.3 pct, 7.7 pct, and 0.4 pct against 2011, respectively.

Hanoi’s total social investment capital is estimated at VND222.5 trillion ($10.7 million), up 13.2 pct on year. Budget revenue is forecast to be VND128 trillion ($6.1 million), equivalent to 87.5 pct of the year’s figures assigned by the municipal People’s Council and equaling to 99.6 pct against 2011.

The city has attracted 250 new foreign direct investment projects with a total registered capital of $932 million, making up 69pct over 2011.

Hanoi has provided VND651 billion for enterprises to stockpile ten essential goods for price stabilisation. Over 700 booths have been set up to stabilise the price of goods to local residents.

The city has mobilised nearly VND47 billion for the city’s Gratitude Fund to financially support local policy beneficiaries. More than 9,850 saving books have been granted to policy beneficiaries and contributors’ families and over 135,800 jobs have been generated.

Hanoi has recorded significant achievements in controlling inflation and ensuring social security. The consumer price index this year is expected to be controlled in single digits.

Nhan Dan

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