Sun. Apr 14th, 2024

Hanoi has set an economic growth rate of 8.5 – 9.45 percent in the
second half of this year to realise the preset Gross Regional Domestic
Product (GRDP) goal of 8-8.5 percent for the entire year.

The target was specified during the municipal People’s Committee’s
monthly session held to review the outcomes of the city’s socio-economic
development performance and budget execution in the first half of the
year.

According to the committee, the city still
maintained a stable growth rate in the reviewed period with GRDP
estimated to rise 7.5 percent.

Noticeably, the city’s Consumer Price Index (CPI) in May went down 0.22 percent from April.

Hanoi ’s sound development, however, was not firm as a number of
its planned socio-economic goals failed to achieve in the reviewed
period, the Committee said.

Committee Chairman
Nguyen The Thao asked relevant departments and agencies to focus on
figuring out the reasons behind the failure and seek effective measures
to fix it.-VNA

By vivian