Prime Minister Nguyen Xuan Phuc commended Hanoi for its positive transformation, but expected more advances from the capital city, according to Mai Tien Dung, minister and head of the Government Office.
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First and foremost was the city’s effort in administrative reform and technology application, Dung said, adding that Hanoi’s aim of becoming a smart city is key in enhancing transparency and efficiency.
Hanoi has also stepped up efforts to create favorable conditions for investors, in which the business registration time is cut by 30%, and most of the administrative procedures are processed online.
In 2018, around 25,000 new enterprises have been set up in Hanoi, Dung added.
After ten years of its administrative-boundary expansion, the city has witnessed significant improvement in infrastructures through major transport projects.
As of present, the GDP per capita reached US$4,080, nearly double the country’s figure of US$2,540.
Hanoi is also considered one of the top 10 most dynamic cities in the world.
More efforts needed
However, Dung pointed to some issues that Hanoi needs to address in the coming time.
According to Dung, the city has to speed up the process of selling and divestment of state-owned enterprises (SOEs).
In 2018, Hanoi was supposed to privatize 14 SOEs, accounting for 16% of total number subject to divestment, but no progress has been made so far.
Urban planning is another issue that Hanoi should pay attention to, which is an important step for Hanoi in making smart urban and smart transportation.
Overall, it is vital for Hanoi to maintain its economic growth rate of over 10% to become a growth engine of the country.
