Ha Noi urged to serve as development model for other localities

The Government chief made the point at a working session with the Standing Board of the municipal Party Committee on May 6.

He also urged the capital city to quickly complete its master plan and other relevant planning schemes, and handle shortcomings in the real estate and corporate bond markets.

Attention should be paid to the growth engines of investment, export and consumption, he continued, asking the city to continue streamlining administrative procedures and improving its business environment.

He stressed that greater efforts are needed to restructure the industrial sector, targeting the industries that have advantages and potential, promote support industries, and prioritize the services with added values and sectoral linkages like finance, logistics and e-commerce.

The Prime Minister proposed the city establish green, smart industrial parks, optimize scientific-technological applications to raise productivity and competitiveness, and promote tourism.

Socio-economic development should go in tandem with cultural conservation and environmental protection, he said, asking the city to roll out better social welfare policies and invest more in education and health care.

Apart from ensuring national defense and security, and social order and safety, the city needs to improve the efficiency of external relations and international integration, and give more heed to Party building.

Ha Noi's gross regional domestic product (GRDP) grew 5.8 percent in the first quarter of this year, and 5.86 percent in 2021 and 2022.

In the first four months, its budget collection reached nearly VND 178 trillion (US$7.59 billion), 50.4 percent of the estimate, up 21.6 percent year-on-year.

Ha Noi now ranks second nationwide in terms of foreign direct investment (FDI) attraction with over 7,000 projects worth US$ 61.7 billion. Between January and April, the city attracted US$1.71 billion in FDI, representing a year-on-year rise of up to 260 percent./.