Hanoi strives to fulfill socio-economic targets in 2020 (11:36 13/09/2020)

HNP - Politburo member, Secretary of Hanoi Party Committee Vuong Dinh Hue chaired a meeting with leaders of municipal agencies and units on September 10 to discuss measures for socio-economic development, job security and social welfare in the city. 

Secretary of Hanoi Party Committee Vuong Dinh Hue speaks at the meeting.

Addressing the meeting, Secretary Vuong Dinh Hue said that over the past eight months of the year, in realizing the call of Party General Secretary and State President Nguyen Phu Trong, directives of the Politburo, the Party Central Committee’s Secretariat and the Prime Minister, and Resolutions of the Government on implementing the dual task of fighting against COVID-19 and boosting economic development, Hanoi has so far put the pandemic under control. 
The municipal authorities have taken initiative in  tackling challenges, facilitating business, production and investment, and ensuring social welfare, he added.
Hue stressed that the number one priority for Hanoi is to contain the COVID-19 pandemic, while preparing for the celebration of the 1010th Thang Long - Hanoi, especially the municipal Party Committee’s 17th congress. 
Along with provinces and cities nationwide, Hanoi has taken strong measures to boost economic recovery, aiming to fulfill the set goal of achieving economic growth 1.3 percentage points higher than the national average. 
According to Director of the Department of Taxation Mai Son, in the January - August period, the city’s state budget revenue stood at VND147.04 trillion (US$6.34 billion), meeting 56.5% of the estimate. 
The figure remains positive compared to other major cities in the country, he emphasized.
However, Hanoi’s disbursement progress of public funds is slower than expected, reaching 45.41% of the target, Son noted, asking for drastic measures to realize the disbursement target for this year.
At the meeting, the delegates pledged to enhance administrative reform, create favorable conditions for businesses and investors and help them overcome difficulties due to COVID-19 pandemic, and speed up disbursement of public investment fund. 
Secretary Hue praised the municipal authorities for their effort in promoting economic recovery and maintaining social security. 
Hanoi’s economic performance has been improving steadily, he said, adding that the city achieved an estimated gross regional domestic product (GRDP) growth rate of 3.49% in the first eight months of 2020, 1.92 times higher than the national average. 
Hanoi expects its growth rate to range from 4.5% to 5% for 2020, Hue informed, ordering due special attention to the removal of difficulties for business activities, as well as the revision of the economic plan of each sector so as to attain the highest possible growth rate.
Regarding public investment fund disbursement, the Hanoi Party chief assigned the districts to drastically carry out Resolution No. 22/NQ-HDND of the municipal People’s Council, striving to disburse 100% of the target amount for 2020. 

By Tran Huong

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