31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Economy / Industry
Politburo sets development objectives for Hanoi until 2030
Hai Yen 14:19, 2022/05/06
By 2045, Hanoi would become a global city with high living standards and a GRDP per capita of over $36,000.

The Politburo, the country’s supreme decision-making body, has issued a new resolution on the vision and development objectives for Hanoi by 2030, with a vision until 2045.

 A corner of Hanoi. Photo: The Hanoi Times

Under this resolution, Hanoi would become a cultured, civilized and modern city, while fulfilling its role as the core and growth engine for the Red River delta, the northern region, and the country.

The city would have high competitiveness in Southeast Asia and the world, with a development level comparable to the capitals of developed countries in the region.

For the 2021-2025 period, the GRDP growth of Hanoi should be higher than the national average, with the economic expansion rate in 2026-2030 at 8-8.5% per year and GRDP per capita of US$12,000-13,000.

In the resolution, the city is expected to have four to seven rural districts turning into urban ones in 2025-2030.

By 2045, Hanoi would become a global city with high living standards and a GRDP per capita of over $36,000.

The resolution, however, stressed the necessity for Hanoi to address several shortcomings to realize these ambitious goals, including the lack of sustainability in economic development and insufficient utilization of resources to tap into its potential.

To date, Hanoi has not fulfilled its role as the growth engine for the Red River delta and the country, with its competitiveness lagging behind those in Southeast Asia and the world.

The resolution pointed out Hanoi’s weak socio-economic infrastructure which has not met the demands for growth, the uneven urban development, and slow progress of major projects, resulting in wasted resources and growth missed opportunities.

Accordingly, Hanoi should step up economic restructuring in line with a revision of the growth model, in which science, hi-tech, and innovation are the foundation.

Priorities, therefore, should be given to economic sectors of high added value, such as finance, banking, insurance, logistics, cultural industry, and tourism.

The resolution also sets the goal for the city’s overall planning until 2030, with a vision of 2050, expecting the Red river to become a green axis with people fully settled on the two banks of the Red and Duong rivers.

Hanoi is expected to develop smart cities alongside the Nhat Tan – Noi Bai axis, as well as continue the efforts in promoting underground urban/green/public spaces.

By 2027, the city should complete the ring road No.4, and ring road No.5 before 2030, along with the upgrade of Noi Bai International Airport and the construction of another one.

RELATED NEWS
TAG: Hanoi development politburo hanoi vision 2030 hanoi red river hanoi
Other news
16:58, 2022/58/29
New businesses formation hits record high in H1
The positive business environment is conducive to the reinstatement of nearly 41,000 enterprises, a whopping 55.6% increase year-on-year and nearly double the average figure in the previous five years.
15:46, 2022/46/29
Vietnam's GDP in 2Q hits decade-high
The positive economic performance in the second quarter helped Vietnam’s GDP growth reach 6.4% year-on-year in the six months.
00:19, 2022/19/29
Vietnam to draft national action plan for circular economy adaptation
The adaptation of circular economic models would help Vietnam realize its commitment to net-zero carbon emissions target by 2050.
12:09, 2022/09/27
Vietnamese Goods and Gastronomy Week underway in the UK
The event aims to promote among British consumers and retailers high-quality Vietnamese products that are benefiting from the UK-Vietnam Free Trade Agreement (UKVFTA).
11:54, 2022/54/25
Vietnam – Germany, dynamic duo for energy transition: GIZ
Germany helped Vietnam initiate its Smart Grid roadmap in 2017 when the Southeast Asian country did not yet have a complete energy transition concept and had not yet committed to net zero.
11:13, 2022/13/24
VCCI proposes to scrap excise tax on petrol
In the past two months, Vietnam’s retail fuel prices have set up new records five times.