Hanoi Recovery

Along with efforts to contain the pandemic and push for socio-economic recovery, Hanoi has also given priority to administrative reforms.

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 speedy recovery of businesses has contributed to socio-economic development.

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.

A series of measures for flexible and safe adaptation to the Covid-19 pandemic helped ensure Hanoi’s speedy socio-economic recovery.

Ring road No.4 not only brings in economic benefits but also is significant in terms of politics and foreign affairs.

Vietnam’s effective vaccination strategy has helped put the pandemic under control and laid the foundation for a focus on socio-economic recovery.

Along with drastic measures to help business recovery, Hanoi would soon reopen attraction spots, cultural and spiritual heritage.

This year GRDP growth was in line with the most optimistic growth scenario for 2021 of 2.35-3% for the capital city.