Hanoi GRDP growth could go up to 8% in 2021
In addition to better harness the effective containment of the Covid-19 pandemic, Hanoi aims to accelerate the economic restructuring process for a strong economic rebound this year.
In addition to better harness the effective containment of the Covid-19 pandemic, Hanoi aims to accelerate the economic restructuring process for a strong economic rebound this year.
The Hanoi’s Mayor wants Samsung to support the city building smart city, smart transportation and digital transformation.
The banking sector is set to have a bright outlook in case the economy return to the uptrend growth.
Vietnam is one of the first countries to apply electronic medical declarations, Bluezone contact tracing application and Covid-19 safety maps.
The pandemic has been the major factor that took away work opportunities of 1.6 million people.
Hanoi remains a spotlight with tax revenue of VND265.89 trillion (US$11.52 billion) in 2020, up 5.9% year-on-year.
In 2021, Vietnam is set to benefit from a tech-led recovery, consistent FDI inflows and numerous trade agreements.
Such growth rate, while remaining lower compared to the 12.7% recorded the previous year, was an encouraging sign for the business community amid global retail market suffering plunge in revenue during the pandemic.
Vietnam’s strong growth momentum in manufacturing is expected to continue in 2021, supported by growing external demand from trade deals such as the EVFTA, UKVFTA, and RCEP.
The city will accelerate the establishment of an e-government model to create more convenience for the business community in realizing administrative procedures.