According to information provided by the Hanoi Statistic Office, Hanoi’s industrial production has shown signs of recovery amid the number of orders continuing to see an upward trend. In the six-month period, the index of industrial production (IIP) increased by 5%, of which the processing and manufacturing industry soared by 4.1%, while product consumption rose by 13.1%.
The IIP throughout the reviewed period rose by 5.7% on-year. Of the figure, the processing and manufacturing industry increased by 5.1%; electricity production and distribution, water supply, waste, and wastewater treatment was up 10.7%; and mining rose by 2.3%. These figures indicate the recovery of the capital's industrial activities.
Most notably, 77.4% of enterprises operating in the processing and manufacturing industry said that the production and business performance remained stable and was better compared to the first quarter, whilst 82.2% of firms forecast that the situation would be stable and better ahead in the third quarter of the year.
Also in the first half of this year, the city lured US$1.165 billion in foreign investment, including US$1.03 billion poured into 120 newly registered projects, US$55 million added to 78 existing projects, US$74 million as capital contributions, and share purchases made by 104 foreign investors.
In the reviewed period, Hanoi recorded 15,500 newly registered enterprises, down from the same period last year, with registered capital at VND149.2 trillion, down 3%.
In addition, more than 6,000 firms resumed their operations, a rise of 17%; while nearly 2,100 enterprises disbanded, up 14%; and nearly 17,000 others suspended operations, up 14%.
Meanwhile, export turnover fetched US$8.9 billion, up 11% on-year. The domestic economic sector earned an export turnover of US$5.2 billion, up 14.8%; and the foreign-invested sector grossed a turnover of US$3.7 billion, up 6.1%.
Some major commodity groups posted an increase in export turnover, including computers, electronic goods, means of transport and spare parts, machinery, equipment and spare parts, and agricultural products.
Moving ahead into the second half of the year, the capital will focus on ensuring economic stability and growth, keeping inflation in check, and dealing with difficulties faced in production and business, while also seeking to promote new growth drivers.
The city will also seek to restructure the economy substantively; innovate the growth model in a bid to enhance productivity, quality, efficiency, and competitiveness; and promote the digital, green, and circular economies.
Along with creating mechanisms and policies aimed at stimulating socio-economic development, Hanoi will push for urban technical infrastructure development and will work to improve the efficiency and overall quality of state management in planning, land, urban areas, and environmental protection.
Hanoi will also concentrate on developing cultural and social spheres, effectively celebrating the 70th anniversary of the Capital's Liberation; improving education and training quality; and developing high-quality human resources linked to the promotion of scientific and technological research, development, and application.
It will continue to pursue administrative reforms, streamline the organisational structure for greater efficiency; and effectively combat issues sch as corruption, negativity, and waste.
Most importantly, the city will further solidify social order and security, fire prevention, and rescue efforts, particularly in high-risk areas. This will be done whilst simultaneously stepping up information and communication efforts in a bid to create a high public consensus and unit.
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