Giving a report at the conference, Director of the Department of Planning and Investment Nguyen Manh Quyen said that in realizing the call made by Party General Secretary and President Nguyen Phu Trong as well as instructions by the Politburo, the PCC’s Secretariat, the Government, ministries and ministerial-agencies, and the Hanoi Party Committee, the capital city has followed the pandemic’s evolution to timely deal with arising problems.
The municipal authorities have timely delivered the Government’s aids to those affected by the COVID-19 pandemic while rolling out five urgent missions and measures to remove difficulties for production and trade activities, Quyen added.
According to him, with the efforts of the whole political system, especially the health sector in the fight against the pandemic, 114 cases of COVID-19 infection have been so far discharged from the hospital. Hanoi has gone through more than 60 consecutive days without a community - acquired infection. The pandemic has been basically put under control in the capital city. Currently, Hanoi is striving to realize the dual goal of combating the disease and boosting economic recovery and development.
In spite of negative impacts of COVID-19, Hanoi still achieved a GRDP growth of 3.39% in the first six months of the year, the lowest growth rate in the last 10 years, but still the high level nationwide.
Industrial production index (IIP) was estimated to expand 3.5% while the rate in the same period last year was 7.4%. Total retail sales and services revenue rose 6.6%. Export revenue was estimated at US$6.75 billion, falling 6.7% over the same period in 2019, and import value was U$S 13.7 billion, dropping 9.2% compared to the same period last year. The city’s average consumer price index (CPI) was estimated to increase 3.68% while that of the same period last year was 4.1%.
Director of Hanoi’s Department of Planning and Investment Nguyen Manh Quyen presents a report at the meeting.
Hanoi's tourism industry has been significantly affected by the COVID-19 pandemic. The total number of tourists to the city was 4.93 million, decreasing by 65.4% and the number of foreign visitors dropping by 68.8%. Tourism revenue fell by 61.5%. The average hotel room occupancy in Hanoi reached 31.74%, falling 38.35% over the same period last year.
Moreover, the municipal authorities have paid attention to improving investment and business environment. Hanoi has continued to hold second position among 63 provinces and cities nationwide in Provincial Competitiveness Index (PCI) for two consecutive years. The city has also maintained its second place nationwide in the 2019 Public Administration Reform (PAR) index for the third year in a row.
In the January - June period, total social investment was estimated at VND152.1 trillion (US$6.5 billion), posting a year on year increase of 5.9% while that of the same period last year was 12.02%. A total of 12,649 enterprises were established in the first six months of the year, with total registered capital of VND175 trillion (over US$7.4 billion).
Notably, Hanoi held the “Hanoi 2020 - Investment and Development Cooperation” conference after putting the COVID-19 pandemic under control, with the aim of luring investment and promote economic recovery and development in the post-COVID-19 period.
The event, the largest scale one held so far by the capital city’s authorities, shows Hanoi’s determination of becoming a pioneer in post-COVID-19 economic recovery and development.
In the first half of the year, Hanoi’s tax revenue was estimated at VND124.8 trillion (US$5.3 billion) (meeting 44.8% of this year’s expected volume), down 3.4% year on year; local budget spending stood at VND34.2 trillion (over US$1.4 billion andmeeting 40% of the estimate). Over VND14.8 trillion (US$632 million) in investment capital was disbursed, meeting 33% of the plan.
Over the year’s first half, Hanoi has maintained urban infrastructure system, and ensured the supply of electricity and water, wastewater treatment and environmental sanitation.
In realizing the Government’s policies for social welfare, the municipal authorities has timely provided financial support worth over VND471 billion (US$20.1 million) to more than 385,000 people hit by the COVID-19 pandemic. Hanoi allocated over VND1 trillion (US$42.7 million) in trust fund via the Vietnam Bank of Social Policies so that the bank can provide preferential loans to the poor and social beneficiaries.
Coping with the complicated development of the pandemic, Hanoi outlined its growth scenarios for the remaining months of 2020. In the first scenario, if the city achieves a growth rate of 7.8% in the third quarter and 8.4% in the last quarter of the year, it could gain growth of 5.9% in 2020. Hanoi expects a growth rate of 5.4% in case the city’s economic growth expands 6.9% in the third quarter and 7.4% in the fourth quarter of the year.
Accordingly, the city will focus on implementing a number of key tasks, including successfully holding Party assemblies at all levels towards the city’s 17th Party congress; preparing for working sessions of the municipal Party Committee and People’s Council; realizing specific financial-budgetary mechanisms for Hanoi and instructions of the Government and the Prime Minister on solutions for economic recovery and development, among others.
Hanoi will keep an eye on effectively carrying out Action Program No. 07/CTr-UBND dated January 9, 2020 of the municipal People’s Committee on missions and measures for socio-economic development and budget estimate in 2020.
The report underlined the necessity to roll out five solution groups in managing investment and construction to increase the efficiency of public investment, give assistance to local businesses and people, stabilize production and trade activities, and ensure social welfare in the city.
Hanoi will also continue simplifying administrative procedures to save time and cost of local businesses and organizations; enhancing the application of information technology (IT) in management and operation; providing more online public services at stage of 4; and tightening discipline and administrative discipline in performing public duties.