Nhan Dan – Hanoi achieved an economic growth rate of 7.6% in the first half of 2012, announced the Hanoi Municipal People’s Committee at a conference on June 7.
Over the past six months, Hanoi’s service, and industrial and construction have risen 8.5% and 8.1% respectively.
The city’s turnover and total retail value of goods and services saw an increase of 20.7% and 20.3% compared to the same period last year while export revenue is estimated to have reached over US$4.8 billion, a rise of 7.2% over 2010 figures.
The city has also gained positive results in controlling price, stabilizing the market, ensuring social welfare, and maintaining development in healthcare, education and training, and science and technology on track.
At the conference, the city authorities have set a target of a 12.2-13.1% increase in economic growth through the end of 2012 to fulfill its targeted GDP growth rate of 10-10.5% .
Addressing the event, Party Central Committee member and Chairman of the municipal People’s Committee Nguyen The Thao asked relevant ministries and sectors to take drastic measures to realise this task, focusing on helping domestic businesses overcome financial difficulties, increasing credit for small and medium-sized businesses, and curbing inflation while ensuring social welfare. It is also necessary to enhance management on State budget and Government bonds, foster the city’s planning, improve the capacity of authorities at all levels, he added.