Log in
Business

Hanoi eyes 7% GRDP growth in 2023

Hanoi aims to maintain macroeconomic stability and control inflation while promoting new growth drivers and enhancing its economic resilience.

Hanoi has set a target of 7% year-on-year gross regional domestic product (GRDP) growth by 2023 as part of its action plan for socio-economic development this year.

 Production at Sunhouse Group in Ngoc Liep Industrial Park, Quoc Oai District. Photo: Thanh Hai

This plan includes 22 objectives, such as a GRDP per capita of VND150 million (US$6,400), export growth of 6%, an inflation rate below 4.5%, and a 30% reduction in poverty.  

The global situation is expected to remain challenging in 2023, and Hanoi aims to maintain macroeconomic stability and control inflation while promoting new growth drivers and enhancing its economic resilience.

The plan also emphasized the development of cultural and education fields, disease control, and improving people’s material and spiritual well-being, as well as promoting digital infrastructure, environmental protection, and good governance.

This would include the efforts to ensure efficient use of land and resources, environmental protection and proactively addressing climate change while improving urban planning to support infrastructure development.

In addition, the plan stressed the importance of continuing administrative reform and tightening disciplines in public agencies in carrying out public works, especially public investment plans for 2023 and the 2021-2025 period.

This year, Hanoi would push for the construction of new schools at national standards, improve the public health capacity and preserve the cultural-historical heritage sites.

Hanoi’s authorities will make greater efforts in building a digital government, eliminate waste and corruption, and maintain national security.

The city's long-term goals include completing its planning and construction plans by 2050, implementing the ring road No.4 project, and streamlining the state apparatus.

In 2022, Hanoi successfully achieved all 22 socio-economic objectives, including a GRDP growth of 8.89% and a GRDP per capita of VND141.8 million ($6,037).

Reactions:
Share:
Trending
Most Viewed
Related news
Hanoi GRDP expands by 8.89% in 2022

Hanoi GRDP expands by 8.89% in 2022

29 Dec, 14:30

The city expects to continue building up its economic resilience and adaptability against external shocks to ensure the economic growth of 7% in 2023.

Vietnam Gov't targets GDP growth up to 8.5% this year

Vietnam Gov't targets GDP growth up to 8.5% this year

Hanoi, being one of the country's key growth engines, is encouraged to achieve an 8.5% GDP growth rate this year.

Vietnam pledges to boost economic growth among APEC members

Vietnam pledges to boost economic growth among APEC members

Vietnam welcomes investment in high-tech industries and promises to provide foreign companies with the best conditions for building sustainable operations.

Hanoi approves new support package for SMEs

Hanoi approves new support package for SMEs

The support reflects Hanoi’s commitment to fostering a robust innovation and entrepreneurship ecosystem.

Vietnam drafts strategy to attract science, tech talent

Vietnam drafts strategy to attract science, tech talent

Recently issued strategic resolutions all identify the development of high-quality talent as essential to successfully implementing national transformation goals.

Vietnam earns US$92 billion from ICT revenue in H1

Vietnam earns US$92 billion from ICT revenue in H1

The sector is expected to generate US$169.3 billion in revenue by 2025, up 11.4% from 2024.

Hanoi pilots digital document exchange platform to support businesses

Hanoi pilots digital document exchange platform to support businesses

Once fully operational, the system could establish a comprehensive digital ecosystem linking the government and businesses.

CMC to build US$250 million green data center in Ho Chi Minh City

CMC to build US$250 million green data center in Ho Chi Minh City

Construction on the hyperscale data center is expected to begin in 2026.

Green logistics becomes a must for Vietnamese firms

Green logistics becomes a must for Vietnamese firms

Experts have called for greater policy dialogue, technology transfer and investment collaboration to enable Vietnamese logistics companies to implement green transformations effectively.