The January- March period saw the thriving of some economic development indicators in Da Nang, showing on-track recovery, the Da Nang General Statistics Office recently said.

The trade - service industry, and the retail sales of goods reached 16,252 billion VND, up 16.94% as compared to the same period last year. Total revenue generated from accommodation and catering services went up by 1.32% to stand at an estimated 4,095 billion VND.

Likewise, other consumer services earned 4,697 billion VND in revenues, climbing by 4.8% from the year-ago period.

Like the burgeoning service sector, freight transport activities flourished with 1,457 billion VND worth of earnings, recording a rise of 13.45%.

Meanwhile, the industrial production index (IIP) decreased by 5.42% as compared to the same period last year. Still encouragingly, an increase was reported in many industries, such as mining up 41.8%, the manufacturing of rubber and plastic products 25.38%, and electrical equipment production 35.63%.

Noticeably, the bright spot in the first quarter was the impressive performance of import and export activities.  The total merchandise import and export value was estimated at 666.6 million US$, up 5.2% over the same period last year. 

The average consumer price index (CPI) in the first quarter increased by 1.07% from the same period last year, with a hike recorded in some certain aspects.

The prices of food catering services climbed by 3.27%, commodity and other services 2.84%, educational services 2.2%, garment, headgear and footwear  1.52%, household appliances 1.25%, beverage and tobacco 0.73%, medicine and medical services 0.41%, housing, electricity, water, fuel and construction materials 0, 39%.

However, a decline was seen in the three groups, namely culture, entertainment and tourism down 3.68%, transportation 3.4%, and post and telecommunications 0.41%.

By MAI QUE – Translated by A.T