Hanoi GDP likely Up 10.6% in Jan-Sept

Gross domestic product (GDP) Hanoi, the capital city, is estimated to have expanded 10.6% in the first nine months of this year, beating the full-year target of between 9% and 9.5%.

Service sector posted the highest growth of 10.5% while industrial and agricultural sectors grew at the same rate of 5.6% in the period, the Hanoi Statistics Office said.

In Jan-Sept, Hanoi posted a budget surplus of VND48.44 trillion after collecting VND70.054 trillion tax revenues and spending VND21.61 trillion.

Of the expenses, total investments were VND9.91 trillion, fulfilling 59.8% of the full-year estimate.

In 2009, Hanoi’s GDP expanded 6.67% from a year earlier. (ndhmoney.vn Sept 22