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Ha Noi registers strong growth
Despite many difficulties, this year Ha Noi still obtained an increase of 10.1 per cent in GDP (Gross Domestic Product) against last year's figure, according to the Ha Noi Statistics Office
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| A bridge under construction in Ha Noi's Dong Anh District. Despite the economic crisis, the capital saw high Gross Domestic Product growth rate this year. |
.High growth has been seen in the service sector, which reached 10.8 per cent in the period, followed by industrial and construction services, 10.2 per cent, and agriculture, forestry and fisheries sectors, 4.3 per cent.
Head of the Ha Noi Statistics Office Cong Xuan Mui said this was the first year the capital city had implemented the 2011-15 socio-economic plan.
He cited high interest rates, high commodity prices, and the high trade deficit as making it difficult for local enterprises to access bank loans, causing them to lose competitiveness and production efficiency.
Mui attributed the city's positive outcome to the effective implementation of a Government Resolution 11 aimed at boosting production and business.
He said there were many reasons for the impressive increase in the service sector this year, including a salary increase, effective measures on curbing inflation and consumption stimulus measures.
These solutions had helped raise total retail sales and the consumption of services, Mui said.
Steady production of rice and fairly favourable weather was a factor in the improvements in the agriculture, forestry and fisheries sector.
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