CHANGING ECONOMIC STRUCTURE IN LINE WITH INCREASING TRADE-SERVICE DENSITY

As a core urban district, over the past time, Ngo Quyen has transferred economic structure in line with increasing the density of trade and service sectors to suit the current situation.

To 2020, the local economic structure has made robust changes. The density of trade and services in the economic structure accounted for about 80%, up 7% over 2015. The economy and services develop quickly and gradually affirmed their key role in the local economy. The economy maintained high growth rate, sources have been mobilized and proved effective in investment and development. The economic structure continues changing in line with increasing trade and service density. State budget collection gained outstanding results. Turnover from services managed by the district in period 2016-2020  was estimated to hit vnd 25,075 billion, 2.7 times higher than period 2011-2015 with the average growth of 20.5% per year./.