Hanoi economy grows 3.27% in first 3 quarters
Hanoi targets an economic growth rate of at least 5% in the fourth quarter to ensure the goal of having GRDP growth 1.3 times as high as the national average.
Hanoi targets an economic growth rate of at least 5% in the fourth quarter to ensure the goal of having GRDP growth 1.3 times as high as the national average.
As the disbursed amount between January and August was equivalent to 50.7% of the target, the government is under pressure to spend the remaining 50% in the remaining four months.
At present, Hanoi gives utmost priority to containing the Covid-19 pandemic while continuing strong efforts in improving the business environment and addressing businesses’ concerns.
The city would speed up the public investment progress to ensure the disbursement of 100% of the target amount for this year.
To ensure the dual target of containing the pandemic and simultaneously boosting economic growth, Hanoi remains steadfast in disbursing 100% of the target amount of public funds.
More relief measures are in the pipeline to support people and businesses affected by the pandemic.
Hanoi would hold an online conference later this month to accelerate disbursement of public investment funds, stated Vice Chairman of the city government.
The figure would be nearly double the nation’s GDP per capita that í estimated to reach US$4,688 in the 2021 – 2025 period.
By the end of 2019, Vietnam’s public debt had significantly dropped to 55% of GDP from 63.7% in 2016.
The three sub-projects set for construction in September are sections of Mai Son – National Highway No.45, Vinh Hao – Phan Thiet, and Phan Thiet – Dau Giay.