HN expected to complete 22 socio-economic development targets for 2019

11/12/2019

VGP – In 2019, Ha Noi's gross regional domestic product (GRDP) is estimated to growth by 7.46%, the highest increase in the past four years, meeting the set target of 7.3-7.8%.

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The capital city continues to lead the country in terms of foreign investment attraction with US$8.5 billion. Up to now, Ha Noi has completed 21 of its 22 socio-economic development targets set for 2019, seven of which have exceeded the plan. It is expected that the remaining target will also be completed this year.

Indexes increase, affirming the attractiveness of Ha Noi’s investment environment

2019 sees a boom in the number of businesses in Ha Noi as nearly 28,000 new businesses are established, with a registered capital of about VND511 trillion (US$22.05 billion), up 11% in the number of businesses and up 30% in registered capital from the previous year. This has affirmed the great attractiveness of Ha Noi's investment environment. In addition, the capital city’s socio-cultural fields have also achieved many positive results, leading the country in a number of indicators.

Ha Noi’s business climate continues to improve, the city’s 2018 provincial competitiveness index climbing four places, ranking ninth out of 63 provinces and cities - the highest ever, completing the tenure’s target two years ahead of schedule. Ha Noi’s development investment capital was estimated to increase by 12.9%. In particular, foreign investment attraction reached US$8.05 billion, the highest after 30 years of opening door and integration, and leading the country for the second consecutive year. 

Creating premise to tap into the city’s development resources

2020 is also the last year to implement the goals, targets and tasks set out in the Resolution of the 16th Ha Noi Party Congress and the city’s five-year socio-economic development plan (2016-2020). The municipal People’s Council has also approved 22 socio-economic development targets for 2020, with many set at high levels, including a GRDP growth rate of over 7.5%, an annual income per capita of VND136 million or more, and a growth rate of over 10.5% in the local development investment capital. At the same time, the city will implement a pilot project on organizing the urban government model approved by the National Assembly, in addition to organizing the Party congress at all levels, towards the 13th National Party Congress. 

The results achieved in 2019 are considered a solid premise for the capital city to carry out its tasks for 2020 and successfully complete the tasks set for the 2015-2020 term. In order to achieve the socio-economic development goals and targets set for 2020, Ha Noi will implement 10 tasks and solutions, focusing on economic development and further improving the local investment and business environment.

By Vien Nhu