Capital overcomes difficulties to realize “dual goals”

29/12/2020

VGP – In 2020, Ha Noi’s economic size is calculated at US$44 billion. Besides, the city made a state budget revenue of VND280.5 trillion (US$12.14 billion), exceeding the year’s estimate and up 3.9% year-on-year.

Chairman of the Ha Noi People’s Committee Chu Ngoc Anh

The figures were released by Chairman of the Ha Noi People’s Committee Chu Ngoc Anh at a national conference between the governmentprovinces and cities on December 28.

“2020 reflected Viet Nam’s strong will to overcome challenges and difficulties,” Mr. Anh stated, referring to the country’s success in realizing the dual target of both containing the pandemic and boosting economic recovery.

Viet Nam’s economic growth in 2020 could reach 2.91% year-on-year, which makes it into the highest in the world.

Working alongside with the Government, Ha Noi has been focusing on the fight against the Covid-19 pandemic and setting up plans to ensure strong economic rebound in the post-pandemic period, noted Mr. Anh.

Overall, Ha Noi’s economic size is calculated at US$44 billion. Other key result of the local economy is a state budget revenue of VND280.5 trillion (US$12.14 billion), which exceeds the year’s estimate and is up 3.9% year-on-year. Ha Noi has also tightened spending and saved over VND3 trillion (US$130 million).

In 2020, Ha Noi set aside 49% of the State budget for capital expenditure and the remaining amount for regular spending.

Along with efforts to boost economic growth, Ha Noi has generated 18,600 new jobs, 16% above the plan and reduced the unemployment rate to 2.3%.

In 2021, Ha Noi set up 23 criteria for socio-economic developments, including a GRDP growth target of 7.5%./.

By Kim Anh