Hanoi’s economy continues its growth momentum in the first quarter of 2024, thanks to its activeness and flexibility in implementing socio-economic development measures, according to the municipal People’s Committee.
Hanoi (VNA) – Hanoi’s economycontinues its growth momentum in the first quarter of 2024, thanks to itsactiveness and flexibility in implementing socio-economic development measures,according to the municipal People’s Committee.
The committee said that the capital city’sgross regional domestic product (GRDP) grows by 5.5% in the first quarter, inwhich services expand by 5.84%, industry and construction by 4.77% and agro-fishery-forestryby 3.76%, and product tax by 4.94%.
Budget collection reaches 146.8 trillionVND (5.87 billion USD) in the period, equal to 36% of the yearly estimates, andup 3.9% against the same period last year.
Local budget expenditure is 31.59 trillionVND, or 14.7% of the estimates, of which 9.5 trillion VND is for developmentinvestment.
In January-March, the capital’s exportturnover is estimated at 3.9 billion USD, up 3.7% year-on-year, while itsimport revenue is estimated at 8.6 billion USD, up 1% year-on-year.
The index of industrial production in thefirst quarter is estimated to expand 3.6% against the same period of 2023,while total retail sales of consumer goods and services are estimated at 199.6trillion VND, up 9.3%.
Truong Viet Dung, Chief of the Office ofthe Hanoi People's Committee Office, said that the city will continue topromote growth associated with controlling inflation and ensuring majorbalances of the economy.
Attention will be paid to effectively andpromptly implementing the government’s policies on interest rates and credit tosupport businesses and people, and speeding up disbursement of publicinvestment right from the beginning of the year, especially for key projects,and national target programmes, he added./.
The Hanoi Department of Tourism announced that it will focus on developing a digital mapping system for smart tourism in the city and digitalised data related to attractions and service facilities.
As one of the most populous cities in the country with a population of about 10 million people, the capital city of Hanoi has faced a lot of social issues relating to security and order, social evils and employment.
Vietnam’s capital city of Hanoi has topped the list of the Best Food Destination 2024 voted by readers of the world's largest travel guidance platform TripAdvisor.
A workshop was held in Hanoi on March 26 to discuss semiconductor measurement and testing technology in training, research, development and production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Illustrative image (Photo: VNA) 
