Four-month budget revenue in Hanoi estimated at over VND92 trillion (23:04 29/04/2021)


HNP - Member of the Party Central Committee, Chairman of the Hanoi People’s Committee Chu Ngoc Anh chaired the city’s monthly meeting on April 28.


Chairman of the Hanoi People’s Committee Chu Ngoc Anh chairs the meeting.


In attendance were Chairwoman of the Vietnam Fatherland  Front’s Hanoi committee Nguyen Lan Huong, eVice Chairmen of the municipal People’s Committee Le Hong Son, Nguyen Trong Dong and Ha Minh Hai, and heads of departments, sectors and agencies.
 
Giving a report on socio- economic performance in the first four months of the year, Director of the Department of Planning and Investment Do Anh Tuan said total state budget revenue is estimated at more than VND92 trillion (US$4 billion), meeting 39.1% of the plan, while, local budget spending stands at over VND17.6 trillion, 16.2% of the estimate.
 
According to the report, as the city has effectively realized the twin goals of containing the pandemic and boosting economic growth, business activities showed signs of recovery in April. Hanoi’s index of industrial production (IIP) in April rose by 1.6% against the previous month and 22.7% year-on-year. The IIP in the January - April period expanded 11.1% year-on-year.
 
Hanoi’s import and export activities recovered strongly in the first four months of the year. Export turnover hit US$4.73 billion, up 12% year-on-year, while, imports was over US$10.74 million, up 20.8% over the same period last year.
 
From January to April, total retail sales of social consumer goods reached VND198.2 trillion, representing a year on year increase of 16.7%.
 
Hanoi’s consumer price index (CPI) in April fell by 0.26% compared to the previous month, up 1.26% compared to December 2020 and 2.29% year on year. The average CPI in the first four months of this year also increased by 0.6% over the same period last year.
 
The tourism sector has been on the recovery path as the city has put the COVID-19 pandemic under control. In April, foreign tourists coming to Hanoi rose by 17.1% against March and 3.4-fold surge year-on-year. 
 
Meanwhile, the number of domestic tourists is estimated at 620,000, up 2.5% month-on-month and a surge of nearly 24-fold against last April.
 
Hanoi's April foreign direct investment (FDI) reached US$223.9 million, in which, the municipal authorities approved 117 new projects worth US$70.5 million and 43 others with additional capital of US$83.7 million.
 
As many as 8,540 new enterprises were established in Hanoi from January to April, with the total registered capital of more than VND95.1 billion, increasing the total number of businesses operating in the city to 311,085.
 
According to the 2020 PCI report announced by  the Vietnam Chamber of Commerce and Industry (VCCI), Hanoi remains in top 10 of the Provincial Competitiveness Index (PCI) for a third consecutive year, ranking 9th out of 63 provinces and cities with score of 66.93.
 
Tuan said that in May, Hanoi will continue asking all levels and branches to focus on implementing assigned tasks stated in Action Program No. 14/CTr-UBND dated January 19, 2021 on solutions and missions for socio-economic development and state budget revenue estimate in 2021.
 
Special attention will be paid to seriously follow regulations on COVID-19 prevention and control as guided by the Ministry of Health, and taking effective measures to boost economic recovery, he stressed 
 
Tuan stated the city strives to well prepare for the elections of deputies to the 15th National Assembly and People’s Councils at all levels for the 2021-2026 tenure.
 
In addition, more effort will be made to complete the city’s five-year public investment plan (2021-2025), remove difficulties and speed up public investment disbursement, improve business environment and promote FDI attraction, among others.

By Tran Huong


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