Social-economic situation in Hanoi (first 6 months of 2019)

01 Jul

By: B&Company Vietnam


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GRDP of Hanoi in the first 6 months of 2019 was estimated at USD 15,280 million (~VND 355,408 billion), rose 7.21% compared with the same period in 2018. Among 3 main economic sectors, “industry & construction” sector ranked first in growth rate (8.38%), “commerce & service” sector came the second place with 6.66%, and “agriculture, forestry and fishing” had lowest growth rate (1.15%).
Industrial production index in the first 6 months of 2019 rose 7.3% compared to the same period last year. In which, the processing industry increased by 7.4%; electricity production & distribution rose 8% and water supply and garbage processing increased by 7.4%. On the other hand, the mining industry faced a huge decrease of 28.6%.
The total export value of the city reached USD 7201 million (~VND 167,495.26 billion) increased by 105.4% compared with the same period last year while the total import value was USD 15,758 million (~VND 366,531.08 billion), up 4.6%.
Investment capital of the city was estimated at USD 6.18 billion (~VND 143.7 trillion), up 12% over the first 6 months of 2018.
Local budget revenue is estimated at USD 6,580 million (~VND 132,134 billion), reaching 50.2% of the expected amount, up 12.8% over the same period of 2018. Meanwhile, local budget spending is roughly calculated at USD 1,454 million (~VND 33,818 billion), increased by 9.1%.
Exchange rate on 16/7/2019 (The State Bank of Vietnam): USD 1 = VND 23,260
Source: Hanoi Statistical Office