Lesson 1: Reaching the finish line beyond expectations
2024 is a pivotal year with the largest workload during the term of the city Party Congress. Hanoi focuses on perfecting institutions, along with economic development, accelerating public investment progress, attracting FDI and promoting strong tourism growth...
"Golden key" to promote growth
People and businesses in Hanoi used to have a period of anxiety and worry when doing administrative procedures because of the complexity and hassle; the documents were in a circular pattern; the officials were corrupt, negative, bureaucratic, and authoritarian. Those are feelings that everyone has seen and reflected. For that reason, Hanoi has been strongly innovating, leading the country in piloting the model of decentralization and authorization, carried out from the Chairman of the City People's Committee to all levels, departments, branches, and districts.
Hanoi is also the locomotive, the technological center of the country, making breakthroughs in digital transformation, building a smart Hanoi by 2025, with a vision to 2030. The goal is that by 2030, Hanoi will basically become a smart, modern city, connected to the smart urban network in the region and the world. Thanks to digital transformation, all work and procedures are being resolved scientifically, promptly and avoiding many negative aspects.
Hanoi also clearly identified that the responsibility of the leader must be increased with the participation of the entire political system, which must be flexible and effective in the face of external fluctuations; must direct and manage to overcome internal limitations and shortcomings that have lasted for many years; and must spend a lot of time and resources to solve sudden and arising problems.
The city focuses on implementing 3 strategic breakthroughs, especially in perfecting institutions, building a modern governance system and perfecting policies for the development of the capital. The City People's Committee focuses on directing the implementation of 3 important tasks: developing and submitting to the National Assembly for approval the Law on the Capital (amended); Developing the Hanoi Capital Planning for the period 2021-2030, with a vision to 2050, and adjusting the Capital Master Plan to 2045, with a vision to 2065. The city has reported the Planning to the Politburo and the National Assembly for comments; has completed the documents and submitted them to the Prime Minister for consideration and approval. Organizing conferences and directing the removal of difficulties for businesses and investors.
The Capital Law and Hanoi’s planning projects are being reviewed by the Prime Minister for approval in the coming days. It can be said that this is the “Golden Key” that guides Hanoi to not only resolve all barriers to policies and laws but also to develop a strong, sustainable and safe economy in the future. This will be the basis for officials to dare to do and dare to take responsibility.
Growth Breakthrough
Looking back in a comprehensive and overall way, the City People's Committee assessed that thanks to the drastic direction and synchronous participation from all levels, the Capital has effectively and comprehensively completed the socio-economic development targets and tasks according to the Resolution of the City People's Council on the 5-year socio-economic development plan for the period 2021-2025 with the spirit of "innovation in thinking, thinking, and doing" to have a clear breakthrough, accelerating to reach the target soon.
Chairman of the City People's Committee Tran Sy Thanh said: For the first time, the City's budget revenue exceeded 500 trillion VND. This is also a great effort and a good sign for the city to accelerate in 2025. The city has completed 23/24 socio-economic targets, with 6 targets exceeding the plan. This is an extremely important and comprehensive result, in the context of many difficulties nationwide, especially affected by storm No. 3.
According to the Hanoi Statistics Office, the total state budget revenue in 2024 is expected to be VND 492,309 billion, reaching 120.5% of the estimate, up 19.6% over the same period; of which, domestic revenue is VND 461,922 billion, accounting for 93.8%, reaching 122% of the estimate, up 21.2% over the same period. The proportion of revenue from production and business in domestic revenue is VND 188,742 billion, accounting for 40.9% of domestic revenue, reaching 107.3% of the estimate, up 10.6% over the same period; revenue from houses and land: VND 48,590 billion, reaching 114.0% of the estimate, up 129.1% over the same period; Land use fee revenue alone: VND 36,100 billion, reaching 100% of the estimate, up 140.5% over the same period.
Hanoi's GRDP in the first 9 months of 2024 increased by 6.12%, and is expected to reach about 6.52% for the whole year. The scale of GRDP is about 58.6 billion USD. State budget revenue for the first time exceeded 500,000 billion VND, up nearly 20% compared to 2023, accounting for about 28% of the country's total revenue. GRDP per capita is estimated at 163.5 million VND... Export turnover of goods reached 15.467 billion USD, up 12.3% over the same period. Import turnover of goods in 2024 reached 33.2 billion USD, up 9.6% over the same period in 2023 (the same period decreased by 9.5%), of which the domestic economic sector reached 27.6 billion USD, up 10.2%; the foreign-invested sector reached 5.6 billion USD, up 6.9%.
During the year, Hanoi focused resources on development investment spending; in which, prioritizing resources for key projects such as Ring Road 4, traffic projects, projects under the investment plan in 3 areas: health, relics and education...
The assigned public investment plan for 2024 is VND 81,033 billion, 1.72 times higher than in 2023. By November 15, 2024, the disbursement of the city's public investment plan was VND 37,066 billion, reaching 48.1% of the estimate.
Tourism continues to affirm itself as a spearhead economic sector, with large budget revenue that has grown quite well, and the number of tourists increasing with many night tour products attracting a large number of participants and high appreciation from tourists. It is expected that in 2024, the capital's tourism industry will attract over 27 million visitors, an increase of 9.2% compared to 2023; of which, there will be over 5.5 million international tourists, including 3.8 million visitors with accommodation, an increase of 16.4% compared to 2023 and over 21.5 million domestic visitors, an increase of 7.5% compared to 2023. Total revenue from tourists will reach over 109.41 trillion VND, an increase of 28.2% compared to 2023. The average room occupancy rate of accommodation establishments and hotels will reach 62%, an increase of 3 percentage points compared to 2023.
The city focuses on attracting investment capital, creating all conditions and open mechanisms to invite domestic and foreign enterprises to invest in the area. It is expected that in 2024, the city will attract over 2 billion USD - achieving the 2024 plan.
The City People's Committee has organized 6 dialogue conferences to remove difficulties and obstacles for investment enterprises in each topic in the fields of culture - society, enterprises operating in industrial parks and clusters, operating in craft villages, foreign investment capital in the area, operating in the fields of social housing, parking lots, environment. The City has established and maintained an online information system (Zalo, website...) in real time to interact, exchange and collect feedback, recommendations, and proposals to remove difficulties and obstacles of enterprises, investors, organizations and individuals in the area.
Therefore, during the year, the number of newly registered enterprises decreased but the number of enterprises resuming operations increased; 25,020 newly established enterprises were granted Business Registration Certificates with a registered capital of VND 244,636 billion, 8,408 enterprises resumed operations (an increase of 13% over the same period). The total number of registered enterprises in Hanoi is currently about 400,000 enterprises.
With positive results in 2024, the city continues to have many strong solutions to reach the Party Congress term in 2025.
Final article: 5 growth options for 2025
Source: https://doanhnghiepvn.vn/kinh-te/nhin-lai-kinh-te-thu-do-bai-1-can-dich-hon-mong-doi/20241227095910623
Comment (0)