Hanoi targets to take its GDP per capita to a high income level 2030.
Hanoi should work to reach a higher status that is no longer of national level but regional one, Vietnam’s Prime Minister Nguyen Xuan Phuc has said.
Vietnam’s Prime Minister Nguyen Xuan Phuc speaks at the conference on June 27. Photo: Zing |
With a millennial history, Hanoi should be positioned as one of political, economic, and cultural hubs in Southeast Asia by 2045, PM Phuc said at the “Hanoi 2020 – Investment and Development Cooperation” conference on June 27. This was the fourth hosting of such an event by Hanoi with the aim of boosting investment in the city.
“Hanoi should not set a goal to compete with national cities but regional ones like Bangkok, Kuala Lumpur or Shanghai,” the PM said at the event attended by roughly 1,800 guests who are ambassadors, international experts, foreign and domestic businesses, and local officials.
The old mindset in governance is no longer suitable for a dynamic city whose leaders are open to listening to people, tackling problems for businesses, and facilitating all economic sectors, said PM Phuc.
Hanoi, whose leaders are pioneering and enterprising, has built up a political system of integrity and taking action for both people and businesses.
In addition, it has been ranked a safe investment destination for domestic and foreign investors thanks to its stable political environment.
As a result, Hanoi has drawn a number of large foreign direct investment (FDI) projects by many multinational companies.
Vietnam’s Prime Minister Nguyen Xuan Phuc and Chairman of the Hanoi People's Committee Nguyen Duc Chung. Photo: Zing |
Factors for Hanoi’s growth
Speaking at the conference, PM Phuc said there are three main factors that Hanoi needs to take into account for its growth path.
Firstly, well-stipulated regulatory framework should come the first and foremost for Hanoi to offer opportunities to investors and open new markets for the city itself.
Secondly, the geographical position is one of Hanoi’s strengths to link to other localities and form an area of cooperation with larger chains of supply, production, and distribution.
Thirdly, good human resources would be very important for the city’s development. Good businesses, wealthy people, and competent individuals are encouraged to trust in the local government.
With the aforementioned reasons, Hanoi should have a green, clean, and livable environment with lots of energy. Startups and digital economy are listed among the city’s key goals, the PM suggested.
Other News
- Hanoi as a muse for Uruguayan economist: “She is a great city!"
- A Hanoi to Remember through the lens of Le Bich, Andy Soloman
- Weaving trade of La Khe Village on show
- 3D exhibition evokes spirit of Capital Liberation Day
- Hanoi plays a vital role in the glorious revolutionary journey of the nation
- Capital in 70 Years – Triumphant Epic
- Hanoi's Liberation day celebration: Sharing from a Peruvian in love with the city
- Renovation of Ngoc Khanh Lake completed in Ba Dinh District
- Hanoi commits to supporting Sumitomo's smart city project
- Capital Regiment hero: Glorious return to liberate Hanoi
Trending
-
Hanoi as a muse for Uruguayan economist: “She is a great city!"
-
Vietnam news in brief - October 10
-
Hanoi offers free double-decker tickets in commemorating Liberation Day
-
Hanoi teacher with determination to protect the capital
-
"Cultural Festival for Peace": Historic takeover of Hanoi
-
Sacred and mysterious Hanoi in lacquer painting
-
Cultural Festival for Peace to promote Hanoi as a peaceful destination
-
Vietnam condemns violence by Chinese authorities in Hoang Sa
-
All Vietnamese citizens to have electronic health records: PM