Hanoi continues to witness stable socio-economic development

Friday, 2017-10-13 10:57:52
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Vice Chairman of the Hanoi People’s Committee, Nguyen Van Suu, speaks at the meeting.
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NDO – The Executive Board of the 16th Hanoi Party Committee convened its 10th meeting on October 13, during which delegates discussed a number of urgent issues and worked out various measures to successfully realise the capital city’s socio-economic development goals in the remainder of 2017 and in the years ahead.

Specifically, four important issues were put forward for debate, including the implementation of socio-economic tasks in the first nine months of the year and the key tasks for the remaining three months; the outcomes of the Party building work in the first nine months and the directions for the remainder of the year; the outcomes of the implementation of the breakthrough programme on improving the quality of human resources and building an elegant and civilised Hanoi populace; and the outcomes obtained after one year of implementing eight significant working programmes of the 16th municipal Party Committee.

Addressing the meeting, Hoang Trung Hai, Politburo member and Secretary of the Hanoi Party Committee, stated that despite the numerous difficulties posed by climate change, floods and droughts, Hanoi achieved comprehensive socio-economic development results in the first nine months of 2017, with good economic growth, increased budget revenue and investment attraction, stable market prices, curbed inflation, in addition to the development of the cultural, education and healthcare sectors.

As reported by the municipal People’s Committee, Hanoi’s gross regional domestic product (GRDP) in the first nine months of 2017 rose by 8.1% and is expected to increase by 8.5% for the whole year, meeting the set target. Furthermore, budget revenues hit VND146.4 trillion (US$6.44 billion) during the period, equivalent to 71.5% of the year’s estimate and up 16.2% compared to the same period last year. The figure is estimated to reach over VND207.6 trillion (US$9.1 billion) for the entirety of 2017, equivalent to 101.4% of the estimate assigned by the municipal People’s Council, and up 15.8% annually.

Alongside the achievements, Vice Chairman of the Hanoi People’s Committee, Nguyen Van Suu, pointed out several shortcomings that require solutions, including the limited transfer and application of new technological advances and high technologies to agricultural production; the lack of link chains in production, the processing and consumption of products; and violations in construction, sand mining, and land and urban management.

In order to ensure the successful realisation of Hanoi’s socio-economic development goals in the remainder of 2017 and the following years, the delegates reached a consensus on the need to continue improving the business and investment environment, remove any difficulties for business production, complete the socio-economic growth targets set for 2017, accelerate the disbursement and enhance the efficiency of public investment capital, and ensure the fulfilment of budget revenue and spending targets.

Attention should also be paid to strengthening political security and social order, enhancing the effectiveness of foreign affairs, in addition to accelerating administrative reforms and anti-corruption work, they added.