Hanoi’s budget collection valued at US$ 7 billion in first ten months

11:23 | 10/11/2017 Economy- Society

Hanoi has collected a total of VND 162 trillion (US$7.13 billion) for the state budget since the beginning of this year, an increase of 9.7% over the same period last year.

A bird’s eye view of Hanoi

The figure was announced at a meeting, on October 31, to review the city's socio-economic development over the past month and map out the key tasks to implement the city’s socio-economic development plans for the two remaining months of the year.

According to a report released by Hanoi municipal People’s Committee, in October alone the capital city continued to witness encouraging achievements as the city's index industrial production increased by 7.3% annually, while export turnover was calculated to rise by 1.6% to US$ 1 trillion.

The city received approximately 315,000 international arrivals last month, up 41.1% against 2016, and welcomed more than 20,600 newly-established firms with a total registered capital of VND 164 trillion (US$ 7.2 billion) in the January-October period.

Speaking at the meeting, Hanoi People's Committee Chairman Nguyen Duc Chung called for joint efforts from the departments and sectors in order to fulfil the city’s yearly growth targets during the remaining months of 2017.

He asked the municipal authorities to take drastic measures to accelerate the administrative procedure reform, create favourable condition for businesses, and ensure traffic safety, while maintaining social order for the upcoming New Year festival.

Theo NDO