Tran Quoc Pagoda on the West Lake in Hanoi (Photo: VNA)

Hanoi (VNA) – Vietnam’s capital city of Hanoi is estimated to post an increase of 7.37 percent in gross regional domestic products in the first half of 2017 and earn 5.8 billion USD from exports, up 12.1 percent against last year.

The information was heard at a meeting of the municipal Party Committee’s executive board on June 11, reviewing the city’s economic-social development in the first six months of the year and its tasks in the remaining months. 

In the reviewed time, Hanoi expects to welcome 11.85 million visitor arrivals, up 8 percent, and contribute to the state budget an amount of 102.5 trillion VND (4.5 billion USD), representing a yearly increase of 18 percent. 

The city is also estimated to record a surge of 74.6 percent to reach 190.9 trillion VND (about 8.4 billion USD) in the registered capital from the non-state sector. It witnessed the establishment of 13,355 new enterprises (up 16 percent) with total registered capital of 101.5 trillion VND (4.47 billion USD), up 2 percent year-on-year. 

In the rest months of the year, Hanoi will continue boosting administrative reforms, improving the investment environment and taking measures to remove obstacles for businesses, especially capital and market. 

In addition, the city will strengthen urban management, particularly for pavement encroachment and construction, while ensuring social security and order, said Secretary of the Hanoi Party Committee Hoang Trung Hai. -VNA