Hanoi records impressive socio-economic results in nine months

The capital city of Hanoi recorded impressive socio-economic development results in the first nine months of this year, with a gross domestic product (GDP) growth of 7.35 percent, up from the 6.95 percent expansion recorded in the same period last year.
Hanoi records impressive socio-economic results in nine months ảnh 1A corner of Hanoi (Photo: VNA)
Hanoi (VNA) – The capital city of Hanoi recorded impressivesocio-economic development results in the first nine months of this year, witha gross regional domestic product (GRDP) growth of 7.35 percent, up from the 6.95 percentexpansion recorded in the same period last year.

The information was revealed by Director of the municipal Department ofPlanning and Investment Nguyen Manh Quyen at an October 1 teleconference toreview the city’s performance in the third quarter and the first nine months aswell as launch tasks for the rest of the year.

The city welcomed 21.55 million tourists during the nine-month period, a riseof 9.5 percent year-on-year. Among those, 4.71 million were foreigners, up 10.1percent.

Especially, Hanoi led cities and provinces nationwide in receiving foreigndirect investment (FDI) by luring 6.23 billion USD, or 23.5 percent of thetotal FDI that Vietnam got in the period, Quyen said.

Its total social investment hit 245.8 trillion VND (10.63 billion USD), ayear-on-year increase of 12.9 percent, he added.

Regarding the new-style rural area building, six districts and 325 out of 386communes or 84.2 percent were recognized as new-style rural areas. Threecommunes satisfied advanced criteria for new-style countryside.

Hanoi’s total State budget revenue was estimated at over 185 trillion VND (8billion USD), equaling to 70.3 percent of the estimate and up 14.3 percentcompared to the same period last year.

The urban management and development continued to be enhanced, with 57 out of68 projects approved. The city also paid attention to protecting the lake andriver environments and maintaining waste collection.

The social and cultural work received due attention while social security wasensured.

Besides the achievements gained, Hanoi also revealed many shortcomings such asslow equitisation and divestment, low disbursement, worsening air quality andincreasing traffic congestion, among others.

Concluding the teleconference, Chairman of the municipal People’s CommitteeNguyen Duc Chung asked departments, agencies, districts and towns to focus ontaking measures to realise all socio-economic development targets set for 2019.

Earlier in January, the municipal People’s Committee set 22 targets for thecity’s socio-economic development in 2019, focusing on State budgetrestructuring, improvement of its investment and business environment, andpromotion of the innovation and startup ecosystem.

The capital city’s gross regional domestic product (GRDP) is planned at 7.4-7.6percent in 2019 and export growth is projected at 7.5-8 percent.

In 2018, the capital city accomplished all 20 socio-economic developmenttargets. Its GRDP increased 7.61 percent, highest in the last three years, andexport grew 21.6 percent (much higher than its initial target of 7.5-8 percent). The city’s foreign investment attraction topped the country for thefirst time after more than 30 years, expected at 5.6 billion USD.

According to the city’s action programme on socio-economic development andState budget estimation in 2019, this year is a turning point to complete thefive-year plan for 2016-20. This has great importance in the context ofcomplicated and unpredictable developments in the region and the world.

The programme focuses on nine tasks and solutions, with priority given toimproving the quality of the local investment and business environment, as wellas encouraging and promoting innovation and startups.

Enterprises in the locality will be developed in both quantity and quality.

The city will continue its economic restructuring in association with achanging growth model and improving productivity, efficiency andcompetitiveness.

The programme emphasises the task of restructuring the State budget, focusingon efficient tax collection, fight revenue losses, especially having measuresto collect tax arrears, detect and handle price transfer actions, and closelymonitor movements on the forex market to ensure the implementation of businessand import-export plans.

Other priorities include urban planning and development, application ofinformation technology in administration and management, stepping upadministrative reform, downsizing payrolls, drastic anti-corruption andwastefulness, development of education, healthcare services and culture, ensuringnational defence and social order, as well as improving the efficiency offoreign affairs and international integration./.
VNA

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