A view of Phap Van intersection in Hanoi (Photo: VNA) Hanoi (VNA) – Hanoi recorded positive economicfigures in the first quarter of 2019, making the capital city one of the top 10localities with the best economic governance quality, according to ViceChairman of the municipal People’s Committee Nguyen Van Suu.
Delivering a report at the 18th meeting of themunicipal Party Committee on April 10, Suu said Hanoi sustained a growth paceroughly equivalent to that in the same period last year as the gross regionaldomestic product (GRDP) grew by 6.99 percent in the first quarter of 2019,compared to the 6.98-percent rise in the first three months of 2018.
The state budget revenue reached 68.1 trillionVND (over 2.9 billion USD), equivalent to 25.9 percent of this year’s target.Total investment in society increased 10.5 percent, compared to the hike of 9.5percent during the same period last year. Meanwhile, the consumer price indexclimbed 3.96 percent during the past quarter.
Notably, the city’s investment climate has beenimproved considerably with its Provincial Competitiveness Index (PCI) rating in2018 jumping up four places from the previous year to rank 9th among 63provinces and centrally-run cities nationwide. With this result, Hanoi hasreached its target – entering the top 10 localities in the PCI rankings – forthe 2015-2020 period two years ahead of schedule, Suu noted.
He added that with maintained urban technicalinfrastructure, Hanoi has continued to ensure adequate power and water supply,water drainage, wastewater treatment, environmental hygiene, and lighting.Although smog levels have increased, automatic monitoring stations have beenable to update locals on the air quality in a timely manner so that people can respondappropriately.
However, the vice chairman also admitted certainproblems, noting that some growth indexes were lower than the same quarter of2018, while the African swine fever epidemic remains a risk that may affectagricultural production and tourism.
At the meeting, Secretary of the Hanoi PartyCommittee Hoang Trung Hai applauded efforts by all-level authorities andsectors which produced outstanding results in Q1. He said those outcomes havecreated important momentum for the fulfillment of this year’s developmenttasks.
Hai also asked sectors and local administrationsto address shortcomings pointed out at the meeting.–VNA
VNA
