Economy
Hai Phong is northern Vietnam's second largest industrial centre. It's GDP accounted for 11.8 of the Red River Delta in 2007, second only to Hanoi. It is a significant producer of rice and has the Red River Delta's fourth largest fishing sector. Its industrial sector is the second largest in the region (10.6% of regional industrial GDP) and slightly ahead of Vinh Phuc province (2007). Hai Phong is northern Vietnam's major port city. As a result, it has a large service sector and is important for the region's trade, with export of US$1.26bn and imports of US$1.55bn in 2007.
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Famous quotes containing the word economy:
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)