Hanoi targets increased growth

Hanoi hopes to develop its economy by 7 to 7.5 percent annually between 2016 and 2020, said Chairman of the city's People's Committee, Nguyen The Thao, during a recent interview with Vietnam News Agency.
Hanoi hopes to develop its economy by 7 to 7.5 percent annually between2016 and 2020, said Chairman of the city's People's Committee, NguyenThe Thao, during a recent interview with Vietnam News Agency.

Thao also said Hanoi needed to reduce its poverty rate by 1.5 percent annually.

Hesaid the capital, as a leading economic centre, should focus onmaintaining economic stability and controlling inflation that is why ithad set targets to help the nation become industrialised by 2020.

Thaosaid Hanoi's economic growth had historically been high and that it hadrisen one-and-a-half times faster than in the rest of the country. Inthe past three years, it grew 9.17 percent.

The rate ofmobilising social capital continued to rise by 16.36 percent per year.The city also attracted 2,806 business projects with a total value of21.1 billion USD.

The city had implemented national programmes providing vocational training and creating jobs for workers.

Each year, the city had created jobs for 137,000 labourers, keeping the unemployment rate below 4.8 percent last year.

Thaoalso said the city had helped lift 16,500 to 20,000 households out ofpoverty. By the end of last year, there were 59,360 low-incomehouseholds.

Planning, infrastructure development and urbanmanagement remain high on Hanoi's list. The city has expanded many newroads, such as Hoang Quoc Viet, Nguyen Chi Thanh, Tran Khat Chan and DaiCo Viet.

The city also paid attention to rural infrastructure.It removed temporary classrooms from schools. In 2012 and 2013, itinstalled about 10,000 water treatment machines in 10,000 low-incomehouseholds in Thanh Oai, Thuong Tin, Me Linh, Ung Hoa, Phu Xuyen and MyDuc districts.

The Government carried out 37 projects to markthe 60th anniversary of the city's Liberation Day. Seven have beencompleted and 22 others will be concluded by the end of next year, hesaid.

Nguyen Van Ha, a Vietnamese man living in the CzechRepublic, said he was impressed to see Hanoi producing more commercialcentres, banks and trade.

"I will invest in the city," he said. "I will introduce the city to my friends who are seeking a good place for investing."

Butthe city's urban planning and management remain weak, said Bui XuanTung, Deputy Head of the municipal Department of Planning andArchitecture.

Skinny houses posed a safety threat, so the city should write more regulations on building such structures, Tung said.-VNA

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