Hanoi's GDP up 11 per cent

November 25, 2010 | 21:15

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Hanoi city’s economy has seen a rapid recovery and robust growth this year with its GDP projected to increase 11 per cent against 2009, higher than the set target and 1.64 times of the national GDP growth.

These figures were announced at the second conference held by the Steering Board of the municipal Party Committee on the socio-economic situation in 2010 and orientation for socio-economic development in 2011.

The city’s service sector has reported a year-on-year increase of 11 per cent; the industrial and construction sector, up 11.5 per cent; and the agricultural sector, up 6.2 per cent. These increases shift the city’s economic structure in a positive direction.

The city’s export turnover is estimated to see a year-on-year increase of 20.8 per cent, four times higher than the original target. Per capita income has reached over VND37 million ($ 1,950) this year.

The social situation in the city has also improved. 22,500 households received support to escape from poverty and the number of poor households has decreased to 4.5 per cent .

The city has set the socio-economic targets for 2011 as follows: economic growth is projected to be 12 – 13 per cent; the service sector is expected to rise by 11.8 – 12.8 per cent; the industrial-construction sector should increase 13.5 – 14.5 per cent; and the agricultural sector will go up 2 – 2.5 per cent . The number of poor households will drop by 1.8 per cent compared to 2010.

Nhandan

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