Urban economy to make up 85% of Hanoi’s GRDP by 2025

The People’s Committee of Hanoi has approved a project on urban economic development, under which the urban economy is hoped to make up 85% of the capital city’s gross regional domestic product (GRDP) by 2025, and 90% by 2030.
Urban economy to make up 85% of Hanoi’s GRDP by 2025 ảnh 1A corner of Hanoi (Photo: hanoimoi.com)

Hanoi (VNA) – The People’s Committee of Hanoi has approved a project on urban economic development, under which the urban economy is hoped to make up 85% of the capital city’s gross regional domestic product (GRDP) by 2025, and 90% by 2030.

The share of the digital economy in the city's GRDP will reach 30% by 2025 and 40% by 2030.

The city also expects that e-commerce sales will account for 10% of the total retail sales of consumer goods and services in the city by 2025, and 20% by 2030.

Urban economy to make up 85% of Hanoi’s GRDP by 2025 ảnh 2Consumers shop at a supermarket (Photo: VNA)

Although urban areas account for only over 10% of the city's area, they are holding an increasingly important position and role in the capital’s socio-economic growth and development.

The urban economy has also affirmed its role as a driving force for economic development, and the nucleus of promoting the transformation of the city's economic and labour structure.

In the 2016-2020 period, budget revenue in urban areas accounted for 78.8% of the total of the whole city./.

VNA

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.