Hanoi makes great strides in social-economic development
The entire political system’s determination coupled with the people’s unity, consensus, material contributions, and brainpower have brought about significant socio-economic developments for Hanoi over
The entire political system’s determination coupled with the people’s unity, consensus, material contributions, and brainpower have brought about significant socio-economic developments for Hanoi over the past five years.
“A transformation that has never seen before,” remarked Hanoi Party Committee Secretary Pham Quang Nghi, several days ahead of the 16th Congress of the city’s Party Organisation.
Over the past five years, Hanoi’s economy has been growing remarkably. The city’s gross domestic product (GDP) has increased 9.23 percent per year on average, 1.58 times higher than the country’s average.
The city’s gross regional domestic product (GRDP) in 2015 was estimated to reach 27.6 billion USD and income per capita is approximately 3,600 USD, 1.8 times higher than that of 2010.
The state budget collected over the five-year period was estimated to reach 714.5 trillion VND (32 billion USD), a yearly increase of 7.1 percent.
Progress has been seen in urban planning and development. The city’s socio-economic development master planning scheme and strategy and a planning for the city’s general growth to 2030 with a vision to 2050 have been approved by the Prime Minister.
The city has completed the planning of sectors, fields, and urban areas, the overall planning of districts, towns and satellite urban areas; comprehensively developed and gradually modernised technical infrastructure and social foundations.
The urban management and law enforcement in the spheres of construction, traffic safety and social order and security have been reinforced.
Due attention has been given to the management and use of natural resources, especially land.
The building of new rural areas has achieved positive results and the life of Hanoi farmers and welfare services have been significantly improved.
Party building and political system consolidation have been renovated and yielded important results.
Politics and society have been kept stable while security and defence, external relations have been cemented.
Since its administrative boundary expanded as allowed by the National Assembly in its Resolution 15, Hanoi has increasingly asserted its role as the national political-administrative nerve centre as well as a cultural, scientific, education, economic and international trading hub, contributing importantly to the country’s achievements.
The capital city has so far been awarded with the Gold Star Order, three times, the first class Independence Order and the titles “Heroic Capital City” and “Hero of the People’s Armed Forces” by the Party and State.
During the 60th anniversary of its Liberation Day, Hanoi was presented with the Ho Chi Minh Order.
It is the only Asian-Pacific city that has earned the “City for Peace” title from the UNESCO.-VNA
Some 96,208 enterprises in Hanoi have successfully registered for and completed e-tax payments, accounting for 91.5 percent of total local enterprises, said the Hanoi Taxation Department on October 1.
The Executive Board of the Hanoi Party Committee convened its 23 rd meeting in Hanoi on October 13 in preparation for the city’s 16 th Party Congress slated for early November.
The capital of Hanoi is working to ensure at least 1,000 people in each communal-level administrative unit are covered by health insurance by November 30 this year.
Cultural researchers and devoted dancers of Hanoi are making every effort to conserve ancient dances of the old capital city of Thang Long,which are at risk of slowly fading into obscurity.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.