Ha Noi targets double-digit GRDP over next decade
VGP - Ha Noi aims for double-digit GRDP over 10 percent for at least a decade, a goal that will be crucial for enhancing the city's status and improving residents' quality of life, according to Nguyen Manh Quyen, Vice Chairman of the Ha Noi People's Committee.
Vice Chairman of the Ha Noi People's Committee Nguyen Manh Quyenh at the
The Vice Chairman made the announcement at a conference on October 21 setting out strategic goals for 2025 and the period 2026-2030, Quyen emphasized the city's current potential, saying that achieving this goal requires all departments to work together and act responsibly.
The incomes of Ha Noi's citizens continue to lag behind those of many cities in Southeast Asia. This gap hinders economic growth once the city cannot catch up with the global average.
He outlined the need to set priority goals to attract investment at different stages. Ha Noi will focus on strong industrial development by 2030, prioritizing sustainability and aesthetics, with a vision for 2045.
Quyen highlighted the movement in agriculture toward high-value, diversified agriculture. Ha Noi's agricultural approach must be different from other regions, with rice-growing areas and developing a distinctive and high-yield rice brand.
Quyen also noted that the city continues to support domestic investors to boost trade and services. He urged the city's Department of Industry and Trade to actively work with other sectors and localities to expedite two international wholesale market projects in Gia Lam District and a regional shopping mall along the Nhat Tan - Noi Bai road, which are key to boosting tourism and trade.
In the tourism sector, the vice chairman acknowledged recent recovery efforts and urged the Ha Noi Department of Tourism to continue to develop itineraries that link local attractions to focus on high revenues instead of the number of visitors.
Regarding transportation, he stressed the need for green transitions. By 2030, the city will replace its entire bus fleet with green vehicles and establish bus companies that meet high standards, similar to hotel star ratings.
Ha Noi's GRDP estimated to grow by 6.12 percent in 2024
At the conference, Dinh Quoc Hung, Deputy Head of the Ha Noi People's Committee Office, reported that the city's economy showed signs of growth and recovery in the first nine months of 2024. The Gross Regional Domestic Product (GRDP) is estimated to increase by 6.12 percent, compared to last year's figure of 6 percent for the same period.
In particular, the city's State budget revenue reached VND376.4 trillion (US$14.8 billion), up 22.2 percent year-on-year. Foreign investment hit US$1.54 billion. Meanwhile, tourism saw a strong recovery, with an estimated 21.12 million visitors to Ha Noi, up 11.7 percent on year.
Concerning the recovery efforts, Hung said the city has focused on restoring agricultural production after the storm, promoting rural economic development, and encouraging new rural construction.
In terms of industrial development, Ha Noi started the construction of 28 out of 43 planned industrial clusters. Three industrial park projects were approved by the prime minister, including the clean industrial park in Soc Son District and two industrial parks in Dong Anh and Phung Hiep. The prime minister also signed a decision to establish the Ha Noi Biotechnology Hi-tech Park.
On trade, the leaders of the two departments of Industry and Trade and Agriculture have pledged to ensure an adequate supply of goods, strengthen linkages, and stimulate consumer demand. They will also focus on developing high-value trade services and e-commerce./.
