GRDP growth set to hit 8.89% in 2022

December 08, 2022 2:45 PM GMT+7

VGP - Ha Noi's economy has been on a steady path of recovery, with the gross regional domestic product (GRDP) growth set to reach 8.89% in 2022, said Vice Chairman of the Ha Noi People's Committee Ha Minh Hai.

GRDP growth set to hit 8.89% in 2022 - Ảnh 1.

Vice Chairman of the Hanoi People's Committee Ha Minh Hai -Photos: Thanh Hai/The Hanoi Times

Vice Chairman Ha gave socio-economic details of Ha Noi at the 10th session of the municipal People's Council held on December 7.

He attributed such high growth to the firm leadership of the Government and the municipal Party Committee, as well as the active response of businesses and people during the fight against Covid-19 and the subsequent socio-economic recovery.

"So far, the city has completed all 22 socioeconomic indicators set for this year," Hai stated.

Another highlight included the high budget revenue at VND333 trillion (US$14 billion), 6.8 percent higher than the yearly estimate and up 2.7 percent year on year.

According to Hai, since the reopening of the economy on March 15, the local authorities have provided financial support for 2.6 million people with VND2.6 trillion (US$109 million), while creating new jobs for 183,000 locals, exceeding the year's target by 14.3 percent.

Hai noted the effective management of the city's trusted fund at the Viet Nam Bank for Social Policies – Ha Noi Branch helped 1,400 households escape poverty and 6,670 others out of the near-poor status.

Under the Government's instruction, the local authorities have also cut value-added tax for over 72,000 businesses for a total of VND13 trillion (US$544.7 million); extended payment due date for taxes and land rental fees for 19,000 others for VND12 trillion (US$503 million).

In 2022, the Hanoi People's Committee issued an action plan to develop the cultural industry in the city for the 2021-2025 period, with a vision to 2030, targeting to mobilize the cultural and human resources for growth effectively.

To date, the city's budget has allocated over VND11.4 trillion (US$477.7 million) for 668 cultural-social related projects, and localities provided their respective counterpart funds of VND677 billion (US$28.4 million)./.

Kim Loan