Hanoi economy is expected to grow at 7.8 percent during the first halfof this year - the fastest pace in four years, reported the Ha Noi Moi(New Hanoi) daily newspaper.
The gross domesticproduct expansion in the first six months has seen nearly all sectorswith a higher growth pace than 2014, according to a draft report read ata regular meeting of the municipal People’s Committee on June 4.
Industrial production rebounded with an expected value increase of 6.7percent while budget revenue will exceed 72.43 trillion VND (3.33billion USD), excluding collections from dividends and remaining profitsof State-owned companies.
The draft reveals thatthe capital city succeeded in ensuring demand and supply balance ofgoods and price stability, especially during the Lunar New Year holidayin mid-February.
Hanoi still faced major problemsdespite such substantial progress, said Chairman of the municipalPeople’s Committee Nguyen The Thao, pointing out business bottlenecks,export declines and the prevalence of small-scale foreign-investedprojects.
He added sluggish basic construction andadministrative reform, along with mismanagement of land, constructionand investment.
He stressed that for the remainderof the year, municipal agencies need to continue addressing businessdifficulties, improving the investment climate and harnessing resourcesto complete key projects.
More attention should alsobe paid to solving pressing civil issues, ensuring social welfares,creating jobs and reducing the rate of low-income households, Thaonoted.-VNA
The gross domesticproduct expansion in the first six months has seen nearly all sectorswith a higher growth pace than 2014, according to a draft report read ata regular meeting of the municipal People’s Committee on June 4.
Industrial production rebounded with an expected value increase of 6.7percent while budget revenue will exceed 72.43 trillion VND (3.33billion USD), excluding collections from dividends and remaining profitsof State-owned companies.
The draft reveals thatthe capital city succeeded in ensuring demand and supply balance ofgoods and price stability, especially during the Lunar New Year holidayin mid-February.
Hanoi still faced major problemsdespite such substantial progress, said Chairman of the municipalPeople’s Committee Nguyen The Thao, pointing out business bottlenecks,export declines and the prevalence of small-scale foreign-investedprojects.
He added sluggish basic construction andadministrative reform, along with mismanagement of land, constructionand investment.
He stressed that for the remainderof the year, municipal agencies need to continue addressing businessdifficulties, improving the investment climate and harnessing resourcesto complete key projects.
More attention should alsobe paid to solving pressing civil issues, ensuring social welfares,creating jobs and reducing the rate of low-income households, Thaonoted.-VNA
