HN looks to higher competitiveness index status by 2020

June 30, 2016 2:02 PM GMT+7

VGP – Ha Noi will focus on improving its business climate and competitive capacity, aiming to be among top ten localities nationwide in Provincial Competitiveness Index (CPI) by 2020.

 

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The information was announced at the fifth conference of the Ha Noi Party Committee (16th tenure) held on June 27.

The conference targeted to raise the socio-economic development plan in the 2016-2020 period; gain Gross Regional Domestic Product (GRDP) growth of 8.5-9% and per income capita reaching VND 140 million-145 million (US$ 6,268-6,492).

Social investment mobilization is expected at VND 2.5-2.6 quadrillion (US$111.9-116.4 billion) in the next four years. In the economic structure, service and construction industry account for 67-67.5% and 30-30.5%  while agriculture makes up 2.5-3%.

Regarding urban infrastructure development, the capital city strives to become a green and modern urban area. It targets to increase the rate of public transportation to 20-25%, zone off 10-13% of urban land for transportation and green the city with planting one million trees.

Secretary of the municipal Party’s Committee Hoang Trung Hai highlighted the city’s economic growth in the first six half of this year, noting that concerted efforts need to be made to realize an economic growth rate of 10-11% in the remaining six months of the year.

Focus should be given to investment attraction, administration procedure simplification and developing a transparent administration system, Mr. Hai added.

Concerning the city’s socio-economic development plan, he underscored that attention should be paid to the balance of resources to effectively implement the set strategic tasks.

Based on the 2015 provincial competitiveness index (PCI) , the capital city of Ha Noi leaped two steps forward from 26 to 24 due to weak performance in land and market accession./.

By Kim Anh

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