Action plan on city development released

Under this action plan, the capital city will work to become the center and development momentum for the Red River Delta as well as the northern key economic region.

The city is expected to extensively and intensively integrate into the world, have high competitiveness compared to regional and international peers, and boast a development level comparable to that of capital cities of developed countries in the region and the world.

Under the action plan, the Government asked the capital to actively cooperate with provinces and cities nationwide, especially the other two in the Ha Noi - Hai Phong - Quang Ninh development triangle, in order to tap into one another's potential and advantages.

It also requested other localities, particularly those in the northern key economic region, the Red River Delta, the Capital Region, the northern midland and mountainous region, and the north-central region, to enhance connections across the board with Ha Noi for common development.

Under the Politburo's Resolution, by 2045, Ha Noi will establish itself as a globally-connected city with high quality of life. The city has targeted a per capita GRDP of over US$ 36,000, along with comprehensive and harmonious development of economic, cultural, and social aspects that are representative of Viet Nam.

The resolution targets average annual growth in gross regional domestic product (GRDP) for Ha Noi at about 7.5 – 8 percent during 2021 - 2025, and 8 - 8.5 percent during 2026 - 2030. Per capita GRDP is aimed at US$ 8,300 - 8,500 by 2025 and US$ 12,000 - 13,000 by 2030.

While the processing and manufacturing industry is targeted to account for some 17 percent of GRDP by 2025 and 20 percent by 2030, the share of the digital economy is hoped to reach about 30 percent and 40 percent, respectively.