Hanoi's economic growth set to reach 3.94% this year
Hanoi's economic growth is set to rebound to 7.5% next year as the city continues to pursue the dual target of both containing the pandemic and boosting economic recovery.
Hanoi's economic growth is set to rebound to 7.5% next year as the city continues to pursue the dual target of both containing the pandemic and boosting economic recovery.
The European Free Trade Association (EFTA) is looking forward to having a framework for trade and investment with Vietnam, which would help the country better attract foreign investment.
Hanoi is estimated to record an economic expansion of 4% in 2020, significantly higher than the national average of 2.5 – 3%.
Hanoi is urged to capitalize on the cultural industry for further development.
Hanoi is set to continue to streamline its political system for greater efficiency in operation, and ensure the successful implementation of the pilot urban administration model.
The dual target of both containing the Covid-19 pandemic and boosting economic recovery continues to be Hanoi’s utmost priority, said Hanoi’s mayor.
The culture and value of Hanoians should be a decisive factor to help develop Hanoi in the future.
By 2025, Hanoi targets to have income per capita of VND190 million (US$8,300) and VND830 million (US$36,000) by 2045.
During the 2016 – 2020 period, Hanoi’s GRDP is estimated to have expanded by an average of 7.39%, resulting in income per capita of US$5,420 in 2020, 1.8 times the national average.
The development of the knowledge economy, urban economy and innovative startups is priority of Hanoi, stated the city’s recently-elected mayor.