Hà Nội’s GRDP estimated to grow 6 per cent in H1
Hà Nội’s gross regional domestic product (GRDP) in the first half of 2024 is estimated to increase 6 per cent compared to the 5.86 per cent growth in same period last year, according to the municipal Statistic Office.
Hà Nội’s gross regional domestic product (GRDP) in the first half of 2024 is estimated to increase 6 per cent compared to the 5.86 per cent growth in the same period last year, according to the municipal Statistic Office.
In the second quarter of the year, the capital city’s industrial production has shown signs of recovery as the number of orders have continued increasing. In the January - June period, the index of industrial production (IIP) rose 5 per cent, of which processing and manufacturing industry expanded 4.1 per cent while product consumption climbed to 13.1 per cent.
The IIP in the second quarter surged 5.7 per cent year on year, of which processing and manufacturing industry was up 5.1 per cent, electricity production and distribution and water supply, waste and wastewater treatment up 10.7 per cent, mining up 2.3 per cent. The figures have demonstrated the recovery of the capital's industrial activities.
Notably, 77.4 per cent of enterprises in the processing and manufacturing industry said that the production and business situation in the second quarter was stable and better than the first quarter, and 82.2 per cent of firms forecast that the situation would be stable and better in the third quarter of 2024.
Also in the first half of this year, the city attracted US$1.165 billion of foreign investment, including $1.03 billion poured into 120 newly registered projects, $55 million added to 78 existing projects, and $74 million as capital contributions and share purchase by 104 foreign investors.
In the reviewed period, Hà Nội had 15,500 newly registered enterprises, down 3 per cent from the same period last year, with registered capital of VNĐ149.2 trillion, down 3p er cent.
Besides, more than 6,000 enterprises resumed their operations, a surge of 17 per cent, while nearly 2,100 enterprises disbanded, up 14 per cent and nearly 17,000 others suspended operation, up 14 per cent.
Meanwhile, goods export turnover accounted for $8.9 billion, up 11 per cent year on year. The domestic economic sector reached an export turnover of $5.2 billion, up 14.8 per cent, and the foreign-invested sector reached a turnover of $3.7 billion, up 6.1 per cent.
Some main commodity groups saw an increase in export turnover, including computers, electronic goods and components reaching $1,256 billion, up 13.6 per cent; means of transport and spare parts, $1.069 billion, up 29.5 per cent; machinery, equipment and spare parts, $1,050 billion, up 7 per cent; and agricultural products, 4836 million, up 58.5 per cent.
In the second half of 2024, Hà Nội will focus on ensuring economic stability and growth, controlling inflation, and addressing difficulties in production and business while promoting new growth drivers.
The city will also seek to restructure the economy substantively, innovate the growth model to enhance productivity, quality, efficiency, and competitiveness; and promote digital, green, and circular economies.
Alongside creating mechanisms and policies to stimulate socio-economic development, the city will push for urban technical infrastructure development and improve the efficiency and quality of state management in planning, land, urban areas, and environmental protection.
Hà Nội will also focus on developing cultural and social spheres, effectively celebrating the 70th anniversary of the Capital's Liberation; improving education and training quality; and developing high-quality human resources linked to the promotion of scientific and technological research, development, and application. The city will pursue administrative reforms, streamline the organisational structure for greater efficiency, and effectively combat corruption, negativity, and waste.
Importantly, the city will reinforce social order and security, fire prevention, and rescue, particularly in high-risk areas. It will maintain robust foreign relations, strengthen information and communication efforts, and promote public mobilisation to create high consensus and unity among the people. — VNS
