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Hanoi sees upbeat signals in socio-economic development despite COVID-19

The People’s Committee of Hanoi hosted a press conference on March 4 to update the media on the capital city’s socio-economic development situation, which saw upbeat signals despite impacts from the COVID-19 pandemic.
Hanoi sees upbeat signals in socio-economic development despite COVID-19 ảnh 1Nguyen Anh Dung, chief of the Hanoi People's Committee's Office, speaks at the event (Source: VNA)
Hanoi (VNA) – The People’s Committee of Hanoihosted a press conference on March 4 to update the media on the capital city’ssocio-economic development situation, which saw upbeat signals despite impactsfrom the COVID-19 pandemic.

As heard at the event, the city’s state budget collectionand local budget spending exceeded 59.83 trillion VND (2.58 billion USD) and8.61 trillion VND in the first two months of 2021, respectively.

In February, Hanoi granted licences to 22 new foreign-fundedprojects worth 12.1 million USD. In the first two months, the value of new FDI projectsand of capital added to existing projects in the city amounted to 58.9 millionUSD.

Concerning the situation of agricultural products supplyexceeding demand, causing difficulties for farmers, Tran Thi Phuong Lan, ActingDirector of the municipal Department of Industry and Trade, said although farmproduce from the winter-spring crop were abundant, purchasing power hasdecreased because local residents had stockpiled a large amount of goods forthe Lunar New Year holiday.

An increasing rate of online shopping and the closure ofhotels, restaurants, and schools due to COVID-19 has also caused a decline inthe purchasing power, she said, adding that in February, retail purchasingpower in the capital’s market dropped by 16.7 percent.

Meanwhile, Khong Minh Tuan, Deputy Director of the Hanoi Centrefor Disease Control, informed that the city is making lists of prioritised peoplefor COVID-19 vaccinations.

He said the city plans to vaccinate all people from 18 yearsold, with funding sourced from the state budget, financial assistance ofbusinesses and individuals, and self-payment./.
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