Data provided by the Da Nang Statistical Bureau on Thursday showed that most of the city's economic development indicators in over the past nine months of 2022 recorded higher growth compared to the same period in 2021.

Da Nang's Index of Industrial Production (IIP) between January and September went up by 11.7% compared to the same period in 2021. A hike in the IIP means that production products increased higher than the same period last year. The sudden hike in consumption products in the third quarter of the year pushed the general consumption index in the 9- month period of the processing and manufacturing industry to increase by 6.5% over the same period in 2021.

The city's total revenue from retail sales of goods and services was estimated at VND48,943 billion, up 19.1% over the same period in 2021 and saw a significant increase in all product groups. The total revenue from the wholesale sales of goods and services reached an estimate of VND113,364 billion, up 20.4% over the same period in 2021.

The revenue from accommodation and food services during the 9-month period climbed by 71.7% over the same period in 2021 to generate VND13,644 billion. Meanwhile, the revenue from travel and tourism support activities was estimated at VND1,529.8 billion, 7.4 times higher than the same period in 2021. The revenue from other consumer services reached VND17,158.6 billion, up 141.4% over the same period last year.

Between January and September, the city’s total revenue of the transportation, warehousing, postal and delivery industries is estimated at VND17,141 billion, a rise of 31.2% against 2021.

It is expected that in the first nine months of 2022, the city’s total import and export turnover of goods surpassed US$2,743.3 million, an increase of 21.6% over the same period in 2021.

In which, the export turnover was estimated at US$1,629.3 million, up 27.3%, whilst the import turnover rose by 14.1% to hit US$1,114 million. The balance of trade in goods continued to be in the direction of a trade surplus with US$515.3 million in the first 9 months of 2022, up 69.9% over the same period last year.

Between January and September, the total realised investment capital of the whole society was estimated at VND28,640.8 billion, an increase of 24.72% against 2021.

From the beginning of the year to September 15, the city granted investment registration certificates to 21 domestic projects totalling VND8,704 billion, an increase of 6 projects and up 266.9% in the amount of registered capital compared to the same period in 2021. The city attracted US$129.129 million in FDI, equaling 79.4% of the same period.

Reporting by M.QUE - Translating by M.DUNG