Hanoi’s industrial production index increases by 4% in seven months

Friday, 2020-07-31 17:11:29
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(Illustrative photo: VNA)
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NDO – The Index of Industrial Production (IIP) of Hanoi in July increased by 4.9% compared to June and by 4% in the first seven months of this year, as announced by the Hanoi People’s Committee on July 29.

Total retail and service revenue in July is estimated to have been about VND307.9 trillion. Since the beginning of the year, the capital’s people have spent VND1.97 quadrillion on consumption.

However, due to the impact of the COVID-19 epidemic, the city’s seven-month export revenue was only US$8.3 billion and import revenue was estimated at US$16.3 billion, down 7.6% and 9.2%, respectively compared to the same period in 2019. The number of tourists to Hanoi in seven months was only 6.13 million arrivals a decreaseof 63.3% over the same period last year.

The State budget revenue in the city in the seven months reached VND165.96 trillion, equivalent to 55.9% of the yearly estimate, up 2.1% over the same period. Local budget expenditure was VND37 trillion, reaching 35.8% of the estimate and up 8.1%. Notably, expenditure on developmental investment increased by 29.6%, but recurrent expenditure decreased by 2.2% over the same period.

The city has 14,798 newly established enterprises, with a registered capital of VND203 trillion, bringing the total number of enterprises operating in the city to 293,121.

According to the Chairman of the Hanoi People’s Committee Nguyen Duc Chung, the city has promptly issued and directed the implementation of Plan No.144/KH-UBND dated July 15 on an action programme to continue removing difficulties for business and production. accelerating the disbursement of public investment and ensuring social order in the context of the COVID-19 pandemic.

Regarding the prevention of the COVID-19 epidemic in the context of the emergence of new cases in the community in Da Nang city, Hanoi has issued an emergency telegram No.05/CD-UBND on July 26 to direct sectors and localities to focus on coping with the evolution of the disease.

In addition, the city also hosted two teleconferences of the Hanoi Steering Committee for COVID-19 Prevention and Control.