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Hanoi continues to affirm its place as one of Vietnam’s economic growth drivers.

Vietnam’s economic growth in the first quarter is estimated at 4.48%, higher than the 3.68% posted in the first quarter of last year. However, there is still much to be done to reach the annual target of 6.5%, according to insiders.

The Ministry of Transport is striving to have 5,000 km of expressway by 2030 and over 9,000 km by 2050, according to Minister Nguyen Van The.

Public investment disbursement has been accelerated since the opening days of the year as it continues to be seen as an important driving force of economic growth this year, the Dau tu (Vietnam Investment Review) newspaper reported.

Speeding up the disbursement of public investment from the start of this year was an important solution to accelerate economic recovery amid the COVID-19 pandemic, Minister of Finance Dinh Tien Dung has said.

Vietnam among very few countries to post GDP growth rate of 2.5-3 percent, and the signing of the Regional Comprehensive Economic Partnership (RCEP) agreement in 2020 when Vietnam assumes ASEAN Chairmanship are among the top 10 domestic economic events in the year.

Prime Minister Nguyen Xuan Phuc has asked Government members to adopt measures to push economic growth forward in the first half of this year and perform the three key tasks of carrying out the resolution adopted by the 13th National Party Congress, fighting COVID-19, and preparing for the Lunar New Year (Tet) holiday.

Da Nang has appreciated the contributions and accompany of foreigners in the city in a tough year of 2020, and hoped to continue to receive more assistance from foreign individuals, organisations and businesses during the recovery process in the city and the central region as a whole, said Chairman of the municipal People’s Committee Le Trung Chinh.

Public investment will focus on key national projects with important roles in enhancing regional links and creating new drivers and room for economic growth, Minister of Planning and Investment Nguyen Chi Dung has said.

The capital city of Hanoi is exerting all-out efforts to disburse 93 percent of 2020 public investment by the end of this month, making it to the top performers in the nation, heard at a meeting on January 20.

The capital city of Hanoi disbursed close to 34.3 trillion VND (nearly 1.49 billion USD) in public investment last year, representing 88.1 percent of the goal set by the government.

Vietnam among very few countries to post GDP growth rate of 2.5-3 percent, and the signing of the Regional Comprehensive Economic Partnership (RCEP) agreement in 2020 when Vietnam assumes ASEAN Chairmanship are among the top 10 domestic economic events in the year. The following are the ten outstanding events as selected by the Vietnam News Agency.

The disbursement of public investment was estimated at 398 trillion VND (17.24 billion USD) as of the end of December, meeting 82.8 percent of the Government’s plan – the highest rate in the 2016-20 period, according to the Ministry of Planning and Investment.

The disbursement of State budget capital reached an estimated 91.1 percent of the plan set for the year and rose 34.5 percent year-on-year, the highest rate in the 2011-2020.

Prime Minister Nguyen Xuan Phuc on December 25 urged the Government Office to better its consulting role to the PM and the Government, firstly in preparations for the 13th National Party Congress.

Vietnam among very few countries to post GDP growth rate of 2.5-3 percent, and the signing of the Regional Comprehensive Economic Partnership (RCEP) agreement in 2020 when Vietnam assumes ASEAN Chairmanship are among the top 10 domestic economic events in the year.

Japanese enterprises raised concerns over institutions and policies in Vietnam during a dialogue on December 21, which were then cleared up by representatives from Vietnamese ministries and agencies.

Uniform measures should be put in place in central Da Nang city to recover from consequences of natural disasters and disease and promote economic recovery, Chairman of the municipal People’s Council Nguyen Nho Trung said on December 7.

Interest rates for home loans are expected to be kept at a low level next year to stimulate demand for real estate, which coupled with macro-economic recovery and an increase in supply is hoped to promote the housing market's development, according to a report from the securities company VNDirect.

The Hanoi People’s Council held its 17th meeting on November 10 to consider and decide upon issues relating to public investment plans.