Hanoi reviews socio-economic development plan

Hanoi’s Gross Domestic Product (GDP) posted a 7.4 percent growth in the first half of 2014, a 1.5-fold increase against that of the country, but all of the city’s sectors failed to reach their expected growth targets, heard a meeting held on July 4.
Hanoi’s Gross Domestic Product (GDP) posted a 7.4 percent growth in the first half of 2014, a 1.5-fold increase against that of the country, but all of the city’s sectors failed to reach their expected growth targets, heard a meeting held on July 4.

Addressing the event, secretary of the municipal Party Committee Pham Quang Nghi asked local departments and agencies to specify causes of the failure.

He suggested they continue to ease difficulties for local firms as well as help them expand their production and business activities, with the aim of fulfilling tasks set for the city in the remainder of the year.

They were also asked to tighten public spending and prevent losses in revenue and State budget.

Nghi also required relevant departments and agencies to strengthen urban management work, especially in handling pavement and road encroachments and breaches of the city’s construction planning.-VNA

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