Hanoi’s economy records positive performance in two-month period (21:54 07/03/2021)


HNP - The head of the Office of the Hanoi People’s Committee Nguyen Anh Dung at a meeting on March 4 briefed the press on the city’s socio-economic performance in the first two months of 2021. 


At the meeting.


In February, Hanoi has carried out a number of measures to boost socio-economic development, aiming to ensure a happy Tet holiday for locals and protecting public health against the Covid-19 pandemic. 
 
From February 16 to date, Hanoi has not recorded any new Covid-19 cases, while economic-socio activities have been normalized, along with students from kindergartens, primary schools, middle schools have all returned to schools. 
 
Dung noted at the meeting of the Hanoi People’s committee on the same day, Chairman of the Hanoi People’s Committee Chu Ngoc Anh highlighted the efforts of local authorities in realizing socio-economic development targets and keeping the Covid-19 pandemic under control. 
 
Despite severe Covid-19 situation, Hanoi’s economy has achieved positive results during the first two months of 2021, specifically:
 
Total state budget revenue as of February 2021 stood at VND50.83 trillion, or 20.2% of the estimate and equivalent to 95.6% year-on-year. 
 
Trade turnover has also recovered from the same period of last year, with the export turnover of US$2.34 billion, up 12.7% year-on-year, and imports of US$5.4 billion, up 25.7%. 
 
Total revenue from retail sales and services activities in the January - February period rose by 4.9% year-on-year, while revenue from the transportation sector also increased by 4.3% year-on-year to VND21.6 trillion. 
 
The consumer price index (CPI) in February expanded by 1.8% against last month and 1.75% compared to late 2020. 
 
Foreign direct investment (FDI) commitments to Hanoi in the year to February 23 hit US$58.9 million. The investors registered to pour US$14 million into 28 fresh projects, and an additional US$4.1 million into nine existing projects. They have also injected US$40.8 million to acquire stakes or contribute capital in local companies.
 
In March, Hanoi would step up efforts in realizing socio-economic development targets, while staying alert against the Covid-19 fight. 
 
The aim is to ensure high economic growth in the first quarter and lay the foundation for stronger growth in subsequent quarters. 
 
Other measures include the support for the business community and people affected by the pandemic, along with administrative reforms to create favorable conditions for trade and investment activities. 

By Tran Huong


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