Ha Noi’s economy gains momentum
VGP – Since March 2021, Ha Noi’s economy has begun to accelerate, showing signs of stable growth and keeping on the right track with the plans and common goals set for 2021.
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Positive change has been recorded in local enterprises’ business and production. The capital city has set the tasks of persisting with the dual goal and ensuring economic growth in Q2 to create growth momentum for the remaining quarters of the year.
Positive change in firms’ business and production
A recent survey by the Ha Noi Statistics Office (HSO) on business trends of firms in the manufacturing and processing industry showed that the business and production situation of local companies in Q1 2021 changed in a more positive manner compared to Q4 2020.
Accordingly, 22.6% of respondents said the business situation in Q1 2021 was better than the previous quarter, while 38.7% of them said the business situation was stable. Another 38.7% of enterprises stated that they faced more difficulties in doing business than Q4 2020.
Reforming administrative procedures and creating favorable conditions for businesses
Drastically implementing the dual goal and ensuring economic growth Q2 to create growth momentum for the next quarters of 2021, during a virtual quarterly meeting of the Municipal People’s Committee, its chairman Chu Ngoc Anh asked functional units to carefully analyze the lower-than-expected growth targets in the opening quarter, and to clearly outline the implementation roadmaps and plans in order to accelerate the sectors with great potential and contributing significantly to the city’s GRDP.
In addition, he requested the good implementation of radical and scientific solutions on lawful and effective budget revenue and expenditure, as well as the enhancement of stimulus activities to boost domestic consumer spending, shopping and goods supply-demand connection between Ha Noi and other localities.
In 2021, Ha Noi is targeting an export growth rate of 5% to reach approximately US$16.78 billion.
To achieve this goal, the city will continue to step up administrative reform, with a focus on applying information technology in handling administrative procedures.
In addition, the capital will develop mechanisms and policies to promote production and exports, as well as strengthening the attraction of investment in developing infrastructure and services for business and export activities.
By Vien Nhu
