Hanoi aims to achieve growth rate of 7% next year
VOV.VN - The capital city of Hanoi has set a target of recording its gross regional domestic product (GRDP) of at least 7% in 2023.
The target was unveiled at the 10th conference of the executive board of the Hanoi Party Committee held in the city recently.
Among other major set indicators, disbursed investment capital is expected to rise by 10.5%, and its export turnover up by 7.5-8%. The city also aims to control inflation at 4.5%, and reduce the number of poor households by 30% compared to the end of 2022.
The city will continue to drastically improve its investment-business climate, focusing on areas of planning, investment, land and construction. It will step up trade-investment-tourism promotion, accelerate digital transformation in all fields, and speed up the progress of infrastructure projects, economic recovery and development programmes.
Despite difficulties and challenges in 2022, Hanoi is set to meet or surpass major socio-economic development targets set for the year, with its economic growth estimated at 8.8% which is higher than the national average.
The city’s GRDP is anticipated to total VND774 trillion, or VND142 million per capita.
However, disbursed investment capital remains low due to difficulties in land acquisition and investment procedures. The past 11 months saw about 19,000 businesses withdraw the market.