Monday, October 25, 2010

Hanoi: Average income in 2010 rises by 10 to 13 pct compared to 2009

The increase of average income in 2010 is one of several comparative figures given at the conference on "Sustainable development of heroic and cultural Hanoi capital, the city for peace" recently held in Hanoi.

The author of the discussion on 10-year socio-economic development of Hanoi (2000-2010), achievements and some problems in management, Dr Mai Thi Thanh Xuan (University of Economics and Business, under the Vietnam National University) also brought out other notable figures of the outstanding achievements of Hanoi.

People's income increases significantly


Accordingly, if GDP of Hanoi only reached 39.944 trillion dong in 2000 (accounting for 9.04 percent of total GDP of the country), to 2009, it was 205.890 trillion dong (accounting for 12.41 percent).

With the economic growth rate always in the top ranking of the country, GDP growth in 2010 is predicted to reach about eight to 8.5 percent, bringing the average growth of 2006-2010 period to be about 9.85 percent (6.96 percent nationwide).

According to Dr Xuan, throughout the last 10 years, the economic structure of Hanoi has shifted towards absolute increase (from 4.154 trillion dong in 2000 to 13.033 trillion dong in 2009), and relative decrease (from 10.4 percent to 6.3 percent) in the value of agricultural, forestry and fishery products.

The value of industrial sector sees both absolute increase (from 14.570 trillion dong to 82.297 trillion dong) and relative increase (from 36.5 percent to 41.3 percent). Although the proportion of service sector fell slightly from 53.1 percent in 2000 to 52.4 percent in 2009, the absolute value still went up by five times, from 21.220 trillion dong to 107.590 trillion dong.

Proving for the estimate that the income and life of Hanoi's residents have been considerably improved, Dr Xuan has showed that GDP per capital in Hanoi has increased on average of 33.2 percent per year(national average increase is 29 percent) in the last 10 years.

According to prediction of the city, the average income of Hanoi in 2010 could be from 35 to 36 million dong, up by 10 to 13 percent compared to 2009. Currently, the average income of Hanoi has already been 64.8 percent higher than the national average. In 2009, average income of Hanoi was 31.8 million dong, and of the country was 19.3 million dong.

The rise of income has lowered the number of poor households of the whole city from three percent in 2006 to 2.4 percent in 2008. From 2009, Hanoi applied a new standard in assessing poverty (which is two times higher than the national standard), so the poverty rate under the new standard is 6.09 percent, and estimated to decline to 5.4 percent in 2010.

Remarkably, the average housing area of the urban residents might reach seven to 7.5 square metres per person this year (30 percent of local people had to live at average housing area of three square metres per person).

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