Hanoi’s GDP growth targeted at 10-10.5pct in 2012

10-Dec-2011 Intellasia | Vietbiz24 | 7:01 AM Print This Post

Getting 80 percent of agreement votes from delegates, in the morning December 8, 2011 a Resolution on Hanoi’s socio-economic development tasks in 2012 has been passed whereby the capital city expects to achieve GDP (gross domestic product) growth at 10-10.5 percent in 2012.

The Resolution stated that the city’s overall goal of socio-economic development in the next year is to prioritise for curbing inflation, stabilising economic, maintaining growth at a reasonable level, improving investment environment, restructuring and improving investment efficiency and improving quality, efficiency and competitiveness of the economy

The city will focus on building the infrastructure framework and sustainable urban development, recovering and improving the environmental quality.

According to the Resolution, Hanoi’s GDP growth in 2012 will be from 10 percent-10.5 percent, export turnover growth at 15 percent, total social investment capital at 15-17 percent and number of employees getting new employment at 139,000 people.

To achieve the 2012 targets, the Resolution gave six solution groups. Notably, in the solution group on planning and monitoring the urban order, the Resolution requires the active implementation of measures to reduce traffic congestion and ensure traffic order and safety.

The Resolution also passed the reorganisation of working hours, studying hours and operations for trade centres in a scientific way and implementation of smart traffic management schemes on the key roads in the city.

The Resolution requires focusing on speeding up the progress of key urban traffic projects, striving to complete routes: Van Cao – West Lake, Cat Linh – La Thanh – Yen Lang streets and ring road No 1 (O Cho Dua – Hoang Cau).

The city will also invest in some light bridges on the Ring Road No 2 and 3 and some key intersections and carry out investment in important roads: the extended road No 5, linking road from the Highway No 5 – HAPRO industrial zone, from Pham Van Dong street- University of Mines and Geology and coordinate with the Ministry of Transport to deploy routes: Hanoi – Hai Phong, Nhat Tan Bridge, Hanoi – Thai Nguyen.


Category: Economy

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