Hanoi's GRDP growth hits 9 percent in 2016-2020

Hanoi People's Council has approved its 2016-2020 social economic development plan. Accordingly, to reach the target, Hanoi will focus on its economic goal with the average Gross Regional Domestic Products (GRDP) growth rate in the 2016-2020 period will be 8.5 to 9 percent.

While service sector increase 7.8 -8.3 percent; industry-construction sector up to 10-10.5 percent and agricultural sector will achieve a rise of 3.5-4 percent.

The city's economic structure to 2020 is set a target with service accounting for 67-67.5 percent; industry-construction of 30-30.5 percent; agiculture of 2.5-3 percent and the annual average GRDP per capita is projected to reach VND 140-145 million (equal to US$ 6,700-6,800).

Besides, the city will mobilize social investment capital of VND 2.5-2.6 trillion.

P.Duy-Translated by T.Tran

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