Hanoi urged to lead nation in industrialisation process

Head of the Party Central Committee’s Economic Commission Vuong Dinh Hue has asked Hanoi to lead the country in fulfilling industrialisation and modernisation targets one or two years ahead of schedule.
Head of the Party Central Committee’s Economic Commission Vuong Dinh Huehas asked Hanoi to lead the country in fulfilling industrialisation andmodernisation targets one or two years ahead of schedule.

Hanoi should develop itself worthy being the country’s majorpolitical, economic, cultural, education-training and science-technologycentre, he said at a working session with the municipal Party Committeeon December 26.

To do this, the city needs to be more activeand proactive in turning objectives into specific programmes andprojects while speeding up the restructuring of its economy, focusing onagriculture, industry and services, he said.

It should define its economic development focuses and then take synchronous measures to realise them, he added.

Secretary of the Hanoi Party Committee Pham Quang Nghi reported thatdespite difficulties, the capital city has over the past time recordedencouraging results, with an average Gross Domestic Product (GDP) growthrate of 8.91 percent between 2011 and 2013, a 1.5-fold increase againstthe country’s rate.

In 2013 alone, Hanoi contributed 10.1percent of the country’s GDP, 7.5 percent of export turnover, 17.2percent of State budget and 21.64 percent of total social investment.The city surpassed its 2013 budget collection target by 0.3 percent,gathering over 160 trillion VND (7.62 billion USD), up 10 percentcompared to the previous year.

Together with considerableachievements in infrastructure development and new-styled ruralbuilding, the sectors of culture, education, science-technology, andhealth have been paid due attention, Nghi said.

However, themunicipal leader frankly indicated the city’s shortcomings andlimitations such as poor management, ineffective coordination betweenagencies, weak competitiveness, high bad debts, slow administrativereforms, and inadequate inspection.-VNA

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