27/03/2009 | 09:45:00

Hanoi reports three-year low GDP growth rate in Q1

Hanoi’s GDP hit 14.11 trillion VND in the first quarter of this year, a 3.1 percent year-on-year increase, the lowest rate in three years compared to 11.2 percent and 10.9 percent in 2007 and 2008, respectively, reported the Hanoi Statistics Office.   
        
Head of the Hanoi Statistics Office Cong Xuan Mui attributed the low first quarter result to impacts of the global economic crisis.   
       
During the period, the city’s industrial production value rose by only 5.7 percent, while total revenues of commodities and services rose by 19.3 percent, and export revenues by 8.4 percent; import value fell by 48.1 percent.   
       
The number of foreign visitors to Hanoi also decreased by 18.1 percent.   
       
In the first three months of this year, total social investment in Hanoi totalled 22.4 trillion VND, an increase of 10.34 percent. That figure included more than 1.9 trillion VND in foreign direct investment, falling 9.67 percent against the same period last year./.

Print Bookmark