Saturday, 16 Dec 2017

Hanoi: Remarkable achievements in socio-economic development

Updated at Tuesday, 10 Oct 2017, 20:26
The Hanoitimes - Approaching the 63rd anniversary of the Hanoi’s Liberation day (October 10, 1954 – October 10, 2017), the capital has gained remarkable achievements in various fields, which lay a solid foundation for future.
According to statsitics from the Hanoi Statistics Department, in the first 9 months of 2017, through efforts and innovation, the socio-economic development of Hanoi has significantly progressed. As of September, the industrial development index of Hanoi has increased 6.7% compared to the same period of 2016, in which, the highest growth rate is from the mining industry with 21.8%, processing – manufacturing industry increased 7.4%, while electricity – gas production increased 4.8%. In particular, some sectors have the growth rate higher than the average percentage of the whole sector, such as: beverage production increased 9%; leather and related products increased 21.3%; electronics and computers increased 26.3%.

This result is obtained through the city’s effort in improving investment environment. Specifically, Hanoi has continued reviewing and simplifying administrative procedures, removing unnecessary legal documents, which cause inconvenience for citizens and enterprises, such as online business registration, online tax declaration, online transaction in social insurance procedures, online investment procedures processing and business registration for foreign investors. All of these efforts have received high appreciation from business community.

With regard to investment for development, in the first 9 months, the total registered capital is nearly 200 trillion VND, up 10.2% compared to the same period of last year. In which, revenue for state budget increased 2.1%; funds outside the state budget increased 18.5%; foreign direct investment (FDI) increased 6.1% compared to the same period of 2016. It is estimated that the state budget under Hanoi’s management is 23,6 trillion VND, up 3.6% compared to the same period of 2016, and reached 72.9% of the estimated plan for 2017.

Recently, Hanoi has continue being attractive destination for investment, with an increase number in newly established enterprises and enterprises back to operation. According to the Chairman of Hanoi’s People Committee Nguyen Duc Chung, the investment in Hanoi will have big impact on the socio-economic situation of the city in the coming time. Also, Hanoi will put up effort in searching for partners for cooperation and development, in turn harmonizing internal efforts with the FDI. All of these efforts are aimed to integrate in the global market and attract investment, so that Hanoi will become the start-up center of the country.

Thanks to the policy’s openness, Hanoi has received 125 projects funded from the capital outside the state budget with total registered capital of more than 84 trillion VND; 398 FDI projects with registered capital of 2.16 billion USD; 22 projects under the form of Public – Private Partnership with investment capital of 60 trillion VND; issuing business registration certificate for 185,000 enterprises, up 10% compared with the same period of last year, with total registered capital of 144 trillion VND.

Also, in the first 9 months, Hanoi export reached 8.5 billion USD, up 8.7% compared to the same period of 2016 with significant contribution from some major products such as electronics, oil & fuel, transportation vehicles. 

In tourism, for the first 9 months, foreign tourists coming to Hanoi reached 2.6 million people, up 27.6% compared to the same period of last year. The number of domestic tourists in the first 9 months also increased 4.2% compared to the same period of last year. This has increased significantly revenue in the service sector, with the accumulated revenue of more than 45 trillion VND, up 9.6% compared to the same period of last year. In term of the living conditions, the average salary of public officials and staffs in Hanoi is ranging from 3.5 million VND – 5 million VND per month. 
Ngoc Thuy
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