However, in March, Hanoi’s consumer price index (CPI) rose by 5.99 percent Y/Y.
Export turnover has also been positive and is expected to amount to around US$2.5 billion, an increase of 9.8 percent Y/Y. In March, export turnover rose 5.4 percent over the previous month.
Import turnover also saw a small increase of 0.2 percent Y/Y – reaching US$5.5 billion.
For 2014, Hanoi has set a target of 8.5-9 percent GDP growth and an increased per capita income of VND57.5 - 58 million (US$2,736). Other objectives include the reduction of unemployment to less than 5 percent; an 8-8.8 percent growth rate for the construction industry sector; a growth rate of 2-2.5 percent in agricultural production, and an export turnover rate of 6-7 percent.