Hanoi achieves positive results in economy

Fibres being made at the Dong Phat Joint Stock Company in Thach That District, Ha Noi.

Higher GDP and competitiveness compared to those of 2016.
Hanoi's indicator of PCI (Provincial Comparativeness Index) ranks fourteenth out of sixty-three provinces, ten ranks higher than last year’s position. It is the highest rank that Hanoi has reached so far. In the first quarter, Hanoi has attracted 122 foreign-invested projects with registered capital of 580 million dollars, which is equivalent to 12 billions VND.
The sectors which attract most investment include high technology, commercial services, topology, etc. Trading environment is freer and other improvements facilitate increasing number of newly-registered business.
In the first quarter of 2017, Hanoi's  Gross Domestic Regional Product (GDRP) has increased 7,06% (higher than that of 2016's first quarter). In detail, the growth rate of export is 2,1%, that of construction industry is 6,99%, agriculture is 0,54% and the total sale of goods and services is 7,6%.
As the result of increasing investment promotion on commercial, services, tourism and wholesale, retail trading have seen a stable growth rate. “This is a positive sign from the services sector, as commercial discount for a large proportion in the general growth rate”- assessed the Statistic Bureau.
Realizing economic goals
In 2017, Hanoi coins “Union – Discipline – Responsibility – Effectiveness” as a motto for operation, which aims at putting its activities into practice and effectively functioning. To achieve the growth rate of 8,5 to 9% and build up a city of culture, civilization and modernity, Hanoi continues improving its investment  and business environment, encourages entrepreneurship and business development, stimulates growth.
The city is synchronizing measures to attract domestic and foreign investment, and encourage investment for big projects. Hanoi also cooperates with investors by establishing a category of potential projects, adopting and researching on investment procedures, removing obstacles in order to carry out these projects as soon as possible.
Especially, Hanoi constructs an electronic government and profoundly changes the application of information and technology, which, as the result, will bring about administrative reform, improving communication between the government, people and companies. It also helps to attract investment, particularly encourage socializing investment and cooperation between public and private sector in various fields.
Recently, in order to implement administrative reform and improve the investment environment, Nguyen Duc Chung – Chairman of the People’s Committees of Hanoi – has enacted Plan 69/KH-UBND in tightening regulations and administrative disciplines. Moreover, the plan also demands modifying working rules and styles, in attempt to create a profound and positive transformation in task performance of government officers of Hanoi. It is also important to increase the responsibility of the leader, maintain a well-organized system and bettering the system of state agencies from town or village to city level with an adherence to the rule of “one office for one consistent task”
To execute administrative procedures for civilians and firms more effectively, the city government adds a working shift for government officers on Saturday morning. With an idea of taking the satisfaction of people as a criteria to evaluate task-fulfillment in mind, it is hoped to radically change government officers’ mindset, attitudes and way of working. Some representatives from average and small businesses recognized that support from government authorities is improving and performs effectively in practical setting.