State budget collection in the first seven months of the year meets 59.5% of the yearly plan
According to a report represented by Director of the Department of Planning and Investment Nguyen Manh Quyen at the briefing, in the first seven months of the year, total state budget revenue in Hanoi was estimated to hit over VND165.9 trillion (over US$7.08 billion) (meeting 59.5% of this year’s expected volume). Local budget spending was estimated at nearly VND37 trillion (over US$1.5 billion) (meeting 35.8% of the estimate and posting a year on year increase of 8.1%).
From January to July, export revenue was estimated at US$1.437 billion, up 2.1% over the previous period and down 17.1% over the same period in 2019. Import value was US$2.558 billion, up 3.5% over the previous month and dropping 10.9% compared to the same period last year. Industrial Production Index (IIP) was estimated to expand 4% compared to the same period last year.
In July, the total number of tourists to the city was 1.19 million, increasing by 51.2% over June and dropping by 51.1% over the same period last year. The number of foreign visitors was estimated at 16.6 thousand, posting a month on month increase of 26.9% and a year on year decline of 96.5%, while, domestic tourists totaled 1.18 million, up 51.6% against the previous month and down 40% over the same period last year.
In the January-July period, the number of tourists to Hanoi reached nearly 6.13 million, falling 61.3% compared to the same period in 2019. Tourism revenue was estimated at VND22.4 trillion, representing a year on year decrease of 61.3%.
Over the past time, Hanoi has taken action to attract more investment and improve business environment. The city attracted US$2.8 billion worth of foreign direct investment (FDI).
As many as 14,798 enterprises were created in the seven-month period, with the total capital of VND203 trillion and 3,713 enterprises reinstated, while 1,333 enterprises ceased operation.
Notably, the period saw positive changes in urban management and development. The municipal authorities accelerated the construction of water purifier projects so as to meet safe water supply targets for 2020. So far, 100% of the urban population and over 78% of the rural population have access to safe water.
Besides, Hanoi made great gains in socio-cultural development, social security, application of advanced technologies, national defense, political security and foreign affairs, among others.
Preventing the pandemic along with social security and economic development
In the midst of the Covid-19 pandemic, Hanoi will continue with the tasks set in the city’s working plan, and strictly complying with instructions of the Government and the Prime Minister on fighting the pandemic in association with ensuring social welfare and boosting economic development.
The report underlined the necessity to successfully hold Party assemblies at all levels towards the city’s 17th Party congress, and effectively realize the National Assembly’s resolution on financial and budget mechanisms and policies for Hanoi and guidelines of the Government and the Prime Minister on missions and measures for economic recovery and development.
Due attention will be paid to carrying out Action Program No. 07/CTr-UBND dated January 9, 2020 of Hanoi People’s Committee on missions and solutions for socio-economic development and budget estimate in 2020.
Hanoi will also attach importance to dealing with challenges for enterprises and creating favorable conditions for business and production, improving investment environment, stepping up the establishment of industrial clusters and park, enhancing goods supply-demand connections, repopulating pig herds, strengthening administrative reforms, accelerating disbursement of public investment, among others.