Hanoi Economy

The city is on the right track to realizing the economic growth target of 7-7.5%. for this year.

Hanoi continues to foster innovation and startups for greater productivity, quality, and overall efficiency of the economy.

Five major topics related to the changes of management apparatus and financial support for medical staff, students and teachers will be discussed at the two-day session of the Hanoi People’s Council.

Hanoi plans several major to-do tasks in the fourth quarter of the year as local authorities seek stronger socio-economic recovery.

Hanoi expects positive economic performance in 2023 would result in the higher budget collection.

The city is keen to avoid any Covid-19 impacts that could derail its plan for socio-economic recovery for this year.

The local economy has seen a strong recovery during the second quarter of 2022 with the GRDP expanding by 9.49%, beating the expectation of 6.4-6.9% set in early 2022.

Hanoi has set up 22 main targets for development in 2022, including a GRDP growth of 7-7.5%.

Local leaders must be responsible for their respective Covid-19 situations, which should be under the Government’s stance of safe and flexible adaptation.