return icon Vietnamnet.vn

Hanoi targets GRDP growth up to 7.5% in 2021

Hanoi will take advantage of a shift in investment capital worldwide to attract foreign direct investment into the city.

{keywords}

 


Given the serious Covid-19 situation, the Hanoi People’s Committee has set up three growth scenarios with the gross regional domestic product (GRDP) growth of 7.5% in the most optimistic case.

“Hanoi identifies the utmost priority would be to fight the pandemic, which would eventually lead to the successful realization of the twin goal of both containing Covid-19 and boosting growth,” said the Chairman of the municipal People’s Committee Chu Ngoc Anh.

In the most optimistic scenario, Hanoi expected an economic growth of 7.5% for the whole year, which came from a growth rate of 8.59% in the third quarter and 9.12% in the subsequent one.

In worse situations, Hanoi predicted a GRDP growth of 6.85% when the pandemic is under control within July, and 6.12% if the Covid-19 persists until the third quarter.

To achieve the highest growth rate possible, the local authorities plan to mobilize resources to contain the pandemic while looking for opportunities to restructure economic activities to overcome difficulties and boost growth.

According to the economic plan, Hanoi would take advantage of a shift in investment capital worldwide to attract foreign direct investment (FDI) into the city, while promoting the formation of value chains in domestic and foreign markets.

Vice-Chairman of the Hanoi People’s Committee Ha Minh Hai noted in 2021, Hanoi aims to improve the business environment by keeping the 100% rate of online business registration, making 100% of administrative procedures available online at advanced stages of 3 and 4, and returning 50% of results via post.

Hai informed the Hanoi Department of Planning and Investment that is planning for the organization of a conference addressing businesses’ concerns amid the Covid-19 pandemic.

In the first six months of 2021, Hanoi attracted FDI inflows of over US$694 million, including 171 fresh projects worth a combined of $96 million and $477 million in 78 existing ones.

 

Source: hanoitimes

Hanoians adapt to disruptions caused by COVID-19

Hanoians adapt to disruptions caused by COVID-19

As Hanoi started to impose stricter social distancing measures yesterday, locals say they are getting used to and learning to adapt to disruptions caused by the pandemic.

MORE NEWS

VIETNAM NEWS HEADLINES SEPTEMBER 24

Work starts on Tan Van-Nhon Trach section of HCM City’s Ring Road No.3

Three Vietnamese airlines named among world’s best air services

Vietnam Airlines, Vietjet Air, and Bamboo Airways have been honoured in different categories by Skytrax, a UK-based site which ranks airlines and airports.

Vietnam Days Abroad 2022 to take place in Austria, India, RoK

Vietnam Days Abroad 2022 will be held in Austria, India, and the Republic of Korea (RoK) on the occasion of the anniversaries of diplomatic relations between Vietnam and these countries.

UN backs Vietnam’s development priorities: Secretary-General

The United Nations (UN) will continue paying attention to and support Vietnam's development priorities towards green and sustainable orientations, and just transition, especially in terms of financial access.

Vietnam merits seat at UN Human Rights Council: Washington Times

The Washington Times has published an article in which it supports Vietnam's candidacy for the United Nations Human Rights Council (UNHRC) for the 2023-2025 term.

Storm Noru to enter East Sea, localities warned to stay alert

The National Centre for Hydro-Meteorological Forecasting has predicted that storm Noru will enter the East Sea on September 25 evening, and recommended coastal localities to brace themselves for the storm.

Vietnam plans to vaccinate under-5 children against COVID-19 if there’s scientific basis

The Ministry of Health has asked provinces to calculate the number of children from 6 months old to under 5 years old to prepare a plan on COVID-19 vaccination for them when there are enough conditions and scientific basis.

VIETNAM BUSINESS NEWS SEPTEMBER 24

Untapped opportunities for Vietnamese pepper exports to UK

Startup ecosystem requires helping hand

Big passion for establishing businesses with novel ideas from many Vietnamese people is creating a vivid startup ecosystem for the country. However, the community is longing for more favourable conditions for it to grow further.

Volatility forces balancing act for Vietnam’s petrol market

Amid the continuously fluctuating prices for oil and gasoline, Vietnam is injecting millions of US dollars into the import of these commodities while inadequacies in the domestic market have not yet been resolved.

Vietnam must develop offshore wind power

Climate change and greenhouse gas emissions from manufacturing units are making it difficult for Vietnam to meet the millennium goal of ensuring economic development in a sustainable environment.

New rules on corporate bonds to deal with excessive capital demand

Commercial banks and large corporations with high capability and transparency will benefit once the $63 billion bond market is managed by new regulations. But analysts warn about the loss of liquidity.

CEO of HSBC: Let Vietnam’s success story be told to the world

Vietnam continues to strengthen its brand by accelerating national vaccine roll out program for its people and being one of the first markets to reopen in the post-pandemic period, told Tim Evans, CEO of HSBC Vietnam.

30,000 Vietnamese studying in the US

The Minister of Education and Training and a Vietnamese delegation on September 19 attended the Education Summit in New York City chaired by UN Secretary General Antonio Guterres, with representatives from 200 countries and territories.

Vietnam begins to reduce salary gap between state agencies and private sector

Reforming wage policy for civil servants and public employees is one of the solutions to stop the brain drain from the public to the private sector.
back_to_top