Hai Phong leads in GRDP growth among centrally-run cities

Specifically, the northern port city of Hai Phong recorded the GRDP growth rate of 9.65 percent in the January-March period, followed by the central city of Da Nang with the GRDP growth rate of 7.12 percent.

Ha Noi capital and the Mekong Delta city of Can Tho came next with the GRDP growth rates of 5.8 percent and 4.02 percent, respectively.

Ho Chi Minh City, Viet Nam's largest economic hub, reported the GRDP growth rate of only 0.7 percent, ranking 56th out of 63 local-level economies nationwide. 

Viet Nams’ GDP growth slowed to 3.32 percent in the reviewed period, the second lowest growth pace over the last 12 years.

GSO Director-General Nguyen Thi Huong said that amidst global economic uncertainties, the positive socio-economic results in Q1 have proved the effectiveness of management and governance policies of the Government, ministries, sectors, and localities.

The GSO warned of many challenges facing Viet Nam's economy in the second quarter. 

To achieve this year’s growth target of 6.5 percent, the GSO Director General said sectors and agencies need to undertake regular reviews to promptly remove obstacles, boost production and business, and provide capital support for the business sector".

It’s necessary to effectively capitalize on the advantages of free trade agreements and adjust policies to attract more high-quality foreign direct investment, she added./.