Hanoi surpasses 2018 socio-economic targets

The capital city of Hanoi has met and surpassed all 20 socio-economic development targets, said Secretary of the municipal Party Committee Hoang Trung Hai during a local meeting on November 28.

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At the meeting (Source: congthuong.vn)
He said Hanoi has led the nation in foreign direct investment attraction, and has 30 communes more having met new rural development criteria, raising the total to 324 out of 386 ones, as well as four districts basically meeting the status. 

Farmers’ lives have improved with an average income per capita of VND46 million (US$2,000). The rate of poor households in rural areas is forecast to be reduced to 1.6% in 2018 from 2.57% in 2017. 

The State management in information technology, posts and telecommunication, press and publishing has been strengthened while administrative reform and legal enforcement have improved. National defence-security and social safety and order have been ensured, he said. 

As the year 2019 is important to fulfill targets during 2016-2020, Hai urged the municipal Party Committee, authorities, agencies, socio-economic organisations to continue improving the business climate with a focus on planning, investment, land, construction, business licensing, start-up ecosystem, innovation promotion, economic restructuring, innovation-based industrial development and deeper integration to the global value chain. 

Next year, the city will strive to raise the gross regional domestic product to 7.5 percent and above, including 7.1%-7.3% in services, 8.5%-8.7% in industry-construction, and 2.5%-3% in agriculture. 

The total social investment is expected to increase by 10.5%-11% while export will grow by 7.5%-8%.

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