Market News
Hanoi has high hopes for the future
The capital city of Hanoi has set a target of reaching a per-capita income of around US$7,500 a year by 2020.
It was announced at a July 4 meeting to discuss the implementation of the Politburo’s Resolution No. 11 on the capital city’s development till 2020.
During this period, Hanoi will strive to achieve an average economic growth of 12 percent a year. Quality services will play an essential role in the city’s economic structure, the rate of schools up to national standards will reach approximately 70 percent, and 75 percent of workers will receive training.
The city aims to have two-thirds of all communes up to the new national rural standards and the entire population access clean water by 2020.
Public transport is expected to meet about 45 percent of demand while the ratio of urban woodland will reach 10-12 m2 per person.
To realise these targets, the Municipal Party Committee has set out five major solutions, focusing on making the most of the city’s potential and resources, speeding up administrative reforms and improving the efficiency of State management.
They will complete and draw up policies and procedures, especially those that concern the development of commodities, services, real estate, the labour market, and science and technology. It will also make moves to attract more talented employees and capital investment to develop the city’s infrastructure.
By 2020, Hanoi strives to become a modern national political and administrative centre and a hub for culture, science, education, economics and international transactions.
The city will ensure that the material and spiritual lives of its residents are improved, defence and security are consolidated, and a stronger political system is in place.
Source: VOV
Related Link: http://english.vov.vn/Home/Hanoi-has-high-hopes-for-the-future/20127/139674.vov
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