Hanoi’s economy expands in H1 despite COVID-19
Hanoi’s economy still expanded despite impacts from the COVID-19 pandemic, with its gross regional domestic product (GRDP) up 5.91% in the six months of 2021, higher than 3.39% recorded in the same period last year, said Vice Chairman of the municipal People’s Committee Le Hong Son.
During a conference held in the capital city on June 24, Director of the municipal Department of Planning and Investment Do Anh Tuan said the city's state budget collection was estimated at over VND124.85 trillion (US$5.42 billion) during the period, equivalent to 53% of the estimate and a 7.1% rise year-on-year.
The city continued supporting investors and firms from business registration to project implementation, creating a healthy and fair environment to access land.
The flow of foreign direct investment reached US$694.26 million, including US$96.05 million registered for 171 new projects, US$447.7 million added to 78 existing projects, and US$120.5 million in capital contribution and share purchases.
The amount of domestic investment hit over VND7.1 trillion, including VND1.47 trillion registered for 10 new projects and more than VND5.63 trillion added to 38 underway projects.
There were 13,125 newly-established firms with a total registered capital of over VND165.7 trillion, up 4% in the number of enterprises and down 7% in value, bringing the total firms in the city to 314,248.
To achieve a growth rate of 7.5% this year, Son called for further attention to the manufacturing and processing sector, allocating State budget to key areas, stepping up the equitisation of State-owned enterprises, providing support for tourism companies in restructuring, popularise Hanoi’s products to cities and provinces, and start construction of industrial complexes on schedule.
He asked the municipal Department of Justice to review and supplement legal documents to lay a legal foundation for sustainable development.
The Vice Chairman also assigned specific jobs to agencies, departments and localities to fulfill key tasks in the remaining months of this year.