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Official Gazette

Friday, June 9, 2023

PM urges Hanoi to mobilize all resources for development

Updated: 08:16’ - 07/05/2023
Hanoi should maximize all resources for development investment, especially the public-private partnership, Prime Minister Pham Minh Chinh said at a meeting between permanent Cabinet members and the Standing Board of the municipal Party Committee on May 6.

Prime Minister Pham Minh Chinh speaks at the meeting in Hanoi__Photo: VNA

The leader urged the capital city to quickly complete its master plan and other relevant planning schemes, and handle shortcomings in the real estate and corporate bond markets.
Attention should be paid to the growth engines of investment, export and consumption, he continued, asking the city to continue streamlining administrative procedures and improving its business environment.
He stressed that greater efforts are needed to restructure the industrial sector, targeting the industries that have advantages and potential, promote support industries, and prioritize the services with added values and sectoral linkages like finance, logistics and e-commerce.
The PM also suggested Hanoi establish green, smart industrial parks, optimize scientific-technological applications to raise productivity and competitiveness, and promote tourism.
Socio-economic development should go in tandem with cultural conservation and environmental protection, he said, asking the city to roll out better social welfare policies and invest more in education and health care.
Apart from ensuring national defense and security, and social order and safety, Hanoi needs to improve the efficiency of external relations and international integration, and give more heed to Party building, Chinh said.
According to a report presented at the working session, Hanoi’s gross regional domestic product (GRDP) grew 5.8 percent in the first quarter of this year, and 5.86 percent in 2021 and 2022.
In the first four months, its budget collection reached nearly VND 178 trillion (USD 7.59 billion), completing 50.4 percent of the estimate, up 21.6 percent year-on-year.
Hanoi now ranks second nationwide in terms of foreign direct investment (FDI) attraction with over 7,000 projects worth USD 61.7 billion. Between January and April, the city lured USD 1.71 billion in FDI, representing a year-on-year rise of up to 260 percent.- (VNA/VLLF)

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