The Hanoi People's Committee has predicted that the city’s economy inthe fourth quarter could grow by 8.9-9 percent and rise to 8.1-8.2percent for the entire year, fulfilling the yearly target.
In the third quarter, Hanoi’s GDP post an 8.35 percent growth, higherthan the 7.5 percent and 7.85 percent growth of the first and secondquarters respectively. The GDP growth in the first nine months of thisyear reached 7.88 percent, much higher than the country’s average growthof 5.14 percent, with positive growth seen in such areas as services(8.9 percent), industry and construction (7.42 percent), and agriculture(2.35 percent).
Also during the nine-month period,11,410 new enterprises were set up with a total capital of 69.3 trillionVND (3.26 billion USD), up by 8.2 percent year-on-year, while 6,538enterprises stopped operations, down by 19 percent year-on-year. Savingsamong local credit institutions had been safer and liquidity moresecure, meeting capital demands for trade and investment from localenterprises.
Authorities said one of its key taskswas to remove difficulties for enterprises to boost production andbusiness activities. From the beginning of this year, the municipalDepartment of Industry and Trade has strived to expand the exportmarket.
Pham Duc Tien, Deputy Director of thedepartment, last week told The Voice of Vietnam Radio that so far thisyear, Hanoi has spent 50 billion VND on trade promotion. Apart from suchtraditional markets as the US and the EU, Hanoi will approach newmarkets like South Africa , Brazil and South America . Somebusinesses have agreed to export goods to the Brazilian market.
The city’s administration also said its key task in the last threemonths of this year is to be patient to adopt the support measures forthe local enterprises, helping them boost production and businessoperations, reported the Vietnam Economic News.
Hanoi also creates favourable conditions for enterprises by improvingmanagement efficiency and of local authorities at different levels,implementing administrative reforms with a focus on simplifingadministrative procedures, intensifying the fight against corruption andwaste, practising thrift and creating a transparent working environmentfor local enterprises.-VNA
In the third quarter, Hanoi’s GDP post an 8.35 percent growth, higherthan the 7.5 percent and 7.85 percent growth of the first and secondquarters respectively. The GDP growth in the first nine months of thisyear reached 7.88 percent, much higher than the country’s average growthof 5.14 percent, with positive growth seen in such areas as services(8.9 percent), industry and construction (7.42 percent), and agriculture(2.35 percent).
Also during the nine-month period,11,410 new enterprises were set up with a total capital of 69.3 trillionVND (3.26 billion USD), up by 8.2 percent year-on-year, while 6,538enterprises stopped operations, down by 19 percent year-on-year. Savingsamong local credit institutions had been safer and liquidity moresecure, meeting capital demands for trade and investment from localenterprises.
Authorities said one of its key taskswas to remove difficulties for enterprises to boost production andbusiness activities. From the beginning of this year, the municipalDepartment of Industry and Trade has strived to expand the exportmarket.
Pham Duc Tien, Deputy Director of thedepartment, last week told The Voice of Vietnam Radio that so far thisyear, Hanoi has spent 50 billion VND on trade promotion. Apart from suchtraditional markets as the US and the EU, Hanoi will approach newmarkets like South Africa , Brazil and South America . Somebusinesses have agreed to export goods to the Brazilian market.
The city’s administration also said its key task in the last threemonths of this year is to be patient to adopt the support measures forthe local enterprises, helping them boost production and businessoperations, reported the Vietnam Economic News.
Hanoi also creates favourable conditions for enterprises by improvingmanagement efficiency and of local authorities at different levels,implementing administrative reforms with a focus on simplifingadministrative procedures, intensifying the fight against corruption andwaste, practising thrift and creating a transparent working environmentfor local enterprises.-VNA
