Hanoi GDP estimated to expand 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.

Tags: Vietnam economic, Vietnam economy, Vietnam GDP, Vietnam GDP 2010

Posted by VBN on Sep 24 2010. Filed under Economy News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry