In the past five years, there had been a positive shift in the city’s structure of industrial production, resulting in higher contribution of the sector to the overall gross regional domestic product (GRDP) growth.
In the 2021-25, SMEs in Hanoi are expected to create additional 1.5 million jobs and make up over 40% of the city’s gross regional domestic product.
Hanoi remains a safe and attractive investment destination for investors, Chairman of the Hanoi People’s Committee Chu Ngoc Anh has said.
In the next five years, Hanoi will focus on improving its connectivity with neighboring localities.
The Hanoi’s mayor requested local agencies to address existing difficulties right from the beginning of next year.
Innovation, science and technologies will serve as major pillars to spur Hanoi’s development in the future, Hanoi’s Mayor Chu Ngoc Anh has said.
In the 2021-25, SMEs in Hanoi are expected to create additional 1.5 million jobs, while making up over 40% of the GRDP, 30% of the state budget and 25% of total export turnover.
Hanoi aims to develop rapidly and sustainably towards a green, smart, modern city with high competitiveness in the country by 2025.
A GRDP growth target of 7.5% for next year will translate into an income per capita of VND135 million (US$5,800), significantly higher than the national average of US$3,700 for a growth forecast of 6%.
Hanoi has achieved significant results as the city continues to pursue the dual target of both containing the pandemic and boosting economic recovery, the Hanoi’s mayor has said.