Sustainable Development

Hanoi is set to mobilize resources to upgrade the infrastructure network and create breakthroughs in state governance of economic activities.

The Red river zoning plan is one of Hanoi’s priorities to improve efficiency in master planning to ensure the city’s rapid and sustainable development in the next five years

The development of the knowledge economy, urban economy and innovative startups is priority of Hanoi, stated the city’s recently-elected mayor.

The Vietnamese government would still prioritize mobilizing ODA funds and preferential loans for major projects that support Vietnam’s sustainable development.

Hanoi’s authorities have actively worked with relevant ministries and agencies to accelerate the zoning plan of the riparian areas on both sides of the Red river crossing the capital city.

Hanoi has a total of 70 operational industrial clusters and parks in 17 districts, covering an area of 1,686 hectares.

Amid growing global uncertainties, Vietnam must continue to maintain high economic growth, stressed Prime Minister Nguyen Xuan Phuc.

At present, the agricultural sector in Hanoi only meets 60% of the city’s demands for vegetables, 55% for meats and over 40% for seafood.

Both SK Group and South Korea’s National Pension Service (NPS) would contribute US$430 million to the fund.

The majority of Vietnamese enterprises have not set a clear vision and strategy towards sustainability, not to mention setting aside financial means to fulfill their corporate social responsibilities, said an expert.