Chairman of the Hanoi People’s Committee Chu Ngoc Anh in a recent meeting expected to roll out plans to ensure the realization of all 23 socio-economic development targets for 2021.

Chairman of the Hanoi People's Committee Chu Ngoc Anh.

“The top priority, however, remains the dual target of both containing the pandemic and ensuring economic recovery,” Mr. Anh noted.

The Hanoi’s mayor requested each department and unit to be responsible for their corresponding targets.

“To ensure growth in agriculture, industry, services, tourism and state budget collection, right from the beginning of next year, there should be various growth scenarios and plans to address existing difficulties,” Mr. Anh suggested.

With three weeks left until the end of the year, Mr. Anh called for strong focus from the entire political system in fulfilling socio-economic targets set for this year, especially on the state budget collection and disbursement of public funds.

In addition to development objectives, Hanoi is also focusing on preparing for the upcoming 13th National Party Congress, Vietnam’s most important political event that is scheduled to take place in January 2021, and year-end festive period.

This year, Hanoi’s gross regional domestic product (GRDP) growth is estimated to reach 3.94%, which is lower than the year’s target of 7.5% but would be 1.5 times higher than the national average (2.5–3%).

The growth is set for a strong rebound to 7.5% in 2021, which would translate into an income per capita of VND135 million (US$5,800), significantly higher than the national average of US$3,700 for a growth forecast of 6%.