Ha Noi keeps “dual goals” on track despite COVID-19 resurgence

27/05/2021

VGP – Despite the impact of the COVID-19 resurgence, Ha Noi still persists with the “dual goals” of combating the pandemic and promoting socio-economic development, as its production and business activities have posted good growth this month, according to Chairman of the municipal People’s Committee Chu Ngoc Anh. 

Chairman of Ha Noi municipal People's Committee Chu Ngoc Anh

Speaking at a virtual meeting of the committee on Thursday, Mr Chu reported that the capital’s index of industrial production (IIP) rose 1.8% in May and soared 5.1% compared to May 2020. Regarding the first five months of 2021, Ha Noi’s IIP went up 9.4% year-on-year, with the manufacturing industry (representing a major proportion of the whole industrial sector’s production value) expanding by 9.7%.

Some indexes showed a month-on-month decline but still registered year-on-year growth in the Jan-May period, such as total retail sales of goods and service revenue – reaching VND46.61 trillion in May, down 6.9% compared to April, and VND243.8 trillion between Jan-May, up 11.2% over the same period in 2020. 

The city’s five-month FDI attraction hit US$591.7 million, while its non-budget investment capital stood at VND4.78 trillion with 35 projects. Ha Noi’s State budget revenue in the period was estimated at VND110.6 trillion, meeting 47% of the target assigned by the Government (44% of the city’s set target) and equivalent to 106.5% of the figure recorded in Jan-May 2020.

In addition, the capital’s export value in May remained stable compared to the previous month but rose by 2.5% year-on-year, while the import turnover soared by 4.7% and 26.2%, respectively.

The aforementioned statistics are the concrete results of Ha Noi’s efforts in the implementation of the “dual goals”, the leader said.

At the meeting, the municipal Department of Planning and Investment stated that the city’s gross regional domestic product (GRDP) in Q2 2021 is forecast to increase by over 6% compared to Q2 2020 (1.76%), but decrease compared to Q2 2019 (7.28%), the base growth scenario outline at the beginning of the year (7.96%), and the low-growth scenario (7.35%).

In the first half of 2021, Ha Noi’s GRDP is expected to surge by 6%, higher than the six-month period in 2020 (3.39%) but lower than the same period in 2019 (7.21%).

By Vien Nhu