Hanoi among top 10 localities for economic governance quality

16:21 | 14/04/2019 Society Follow Ven.vn on

Hanoi recorded positive economic figures in the first quarter of 2019, making the capital city one of the top 10 localities with the best economic governance quality, according to Vice Chairman of the municipal People’s Committee Nguyen Van Suu.

Hanoi among top 10 localities for economic governance quality

A view of Phap Van intersection in Hanoi - Photo: VNA

Delivering a report at the 18th meeting of the municipal Party Committee on April 10, Suu said Hanoi sustained a growth pace roughly equivalent to that in the same period last year as the gross regional domestic product (GRDP) grew by 6.99 percent in the first quarter of 2019, compared to the 6.98-percent rise in the first three months of 2018.

The state budget revenue reached 68.1 trillion VND (over 2.9 billion USD), equivalent to 25.9 percent of this year’s target. Total investment in society increased 10.5 percent, compared to the hike of 9.5 percent during the same period last year. Meanwhile, the consumer price index climbed 3.96 percent during the past quarter.

Notably, the city’s investment climate has been improved considerably with its Provincial Competitiveness Index (PCI) rating in 2018 jumping up four places from the previous year to rank 9th among 63 provinces and centrally-run cities nationwide. With this result, Hanoi has reached its target – entering the top 10 localities in the PCI rankings – for the 2015-2020 period two years ahead of schedule, Suu noted.

He added that with maintained urban technical infrastructure, Hanoi has continued to ensure adequate power and water supply, water drainage, wastewater treatment, environmental hygiene, and lighting. Although smog levels have increased, automatic monitoring stations have been able to update locals on the air quality in a timely manner so that people can respond appropriately.

However, the vice chairman also admitted certain problems, noting that some growth indexes were lower than the same quarter of 2018, while the African swine fever epidemic remains a risk that may affect agricultural production and tourism.

At the meeting, Secretary of the Hanoi Party Committee Hoang Trung Hai applauded efforts by all-level authorities and sectors which produced outstanding results in Q1. He said those outcomes have created important momentum for the fulfillment of this year’s development tasks.

Hai also asked sectors and local administrations to address shortcomings pointed out at the meeting.

VNA

See more news

Hanoi economy presents mixed picture

13:00 | 12/03/2023 Metropolis

(VEN) - Hanoi’s total retail sales of goods and services increased 18 percent in January compared with the same period last year. The capital has also identified 22 targets for socioeconomic development in 2023.

Vietnam working to expand eco-industrial parks

10:00 | 11/03/2023 Society

The steering committee of the “Eco-industrial park intervention in Vietnam – perspective from global eco-industrial parks programme” project has convened a meeting to review its implementation in 2022 and put forth another implementation plan until May 2024.

HCM City removes hindrances to work permit issuance for foreigners

15:06 | 09/03/2023 Society

Ho Chi Minh City has cut short the procedures for issuing work permits for foreigners and digitalised the application process to make it easy for enterprises to get work permits for their foreign staff.

International cooperation key to addressing urbanisation challenges: deputy minister

07:00 | 09/03/2023 Society

In the context of increasing urbanisation around the world, close cooperation between global partners have become a common trend in addressing the challenges of the development process.

Promoting educational cooperation between Vietnam and Australia

15:00 | 08/03/2023 Society

Study Queensland, TIQ Vietnam office successfully organized Queensland Transnational Education (TNE) Conference in Vietnam.

Women’s rights among top 10 global consumer trends in 2023

14:31 | 07/03/2023 Society

Driving women’s rights is harder and stronger for positive changes in gender equity and inclusiveness all over the world. Diversity, equity, and inclusion have become core values that businesses and organizations are pursuing. Unilever has been constantly promoting the female empowerment across its operations globally and in Vietnam.

Hanoi to introduce electronic ticketing for public transport in 2024

09:48 | 06/03/2023 Metropolis

Hanoi’s transport department is planning to introduce a unified electronic ticketing system for its public bus and metro services in 2024.

Railway, seaport networks need to be arteries of economy: Deputy PM

07:00 | 04/03/2023 Society

After the master plans are approved by the Prime Minister, the transport ministry will actively work on project implementation, evaluation, regulations, and resource allocation.

Rare Disease Day 28/2

09:31 | 01/03/2023 Society

From February 26, 2023, to February 28, 2023, in both Hanoi and Ho Chi Minh City, Sanofi Vietnam coordinates with Vietnam National Children’s Hospital and Children’s Hospital 1 to organize an event to celebrate Rare Disease Day 28/2.

Resumption of air routes from Việt Nam to China postponed to late April: Aviation authority

09:01 | 27/02/2023 Society

In mid-February, China announced the reopening of tours to 20 countries, excluding Việt Nam, which is said to have affected Vietnamese airlines’ flight plans.

Latest Most Read

Science, technology, innovation promoted to support national development

06:00 | 22/03/2023 Science - Technology

Various measures will be rolled out from now to 2025 to fine tune science and technology organisations and perfect the legal foundation for state management of science, technology and innovation.

Seafood exporters swim against trade tide

06:00 | 22/03/2023 Major exports

(VEN) - The EU-Vietnam Free Trade Agreement (EVFTA) has created major opportunities for Vietnamese seafood companies, but many Vietnamese firms are not sufficiently proactive and flexible in taking advantage of the deal.

IFC assists Vietnamese SMEs in expanding access to finance

22:55 | 21/03/2023 Economy

The International Finance Corporation (IFC) has teamed up with Saigon-Ha Noi Commercial Joint Stock Bank (SHB) in expanding access to finance for small and medium enterprises (SMEs), especially women-owned businesses.

Airbus committed to expanding supply chain in Vietnam

14:23 | 21/03/2023 Support industries

Airbus committed to expanding supply chain in Vietnam

US businesses exploring investment, business opportunities in Vietnam

10:01 | 21/03/2023 FDI

Representatives of more than 50 US companies will visit Vietnam from March 21-22 to discuss investment and business opportunities under an annual programme hosted by the US-ASEAN Business Council.

Trade deal with EU a hit so far

06:00 | 07/03/2023 Vietnam and EU

(VEN) - Vietnam's exports to the EU have seen positive growth more than two years after the EU-Vietnam Free Trade Agreement (EVFTA) took effect in August 2020. Vietnam Economic News’ Nguyen Hoa spoke with Nguyen Anh Duong, Head of the Central Institute for Economic Management’s (CIEM) Department for General Economic Studies about these developments.

Vietnam slow to exploit Pacific Rim trade opportunities

06:00 | 09/03/2023 Vietnam and other regions

(VEN) - Vietnam is looking back at the first three years of the Pacific rim trade deal known as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) with a sense of accomplishment, but also frustration at unmet challenges.

Trade deal with UK bolsters Vietnamese exports

06:00 | 08/03/2023 Foreign trade

(VEN) - The United Kingdom is the world’s fourth largest importer, but Vietnam’s share accounts for less than one percent of its total import value, signaling ample room for increased Vietnamese exports to this market.

Vietnamese pomelos star in UK market

06:00 | 06/03/2023 Vietnamese Brands

(VEN) - First Dien pomelos from the northern province of Hoa Binh are now available on the shelves of Longdan supermarkets in the UK, welcomed by the Vietnamese community in the country and local consumers.

Xoan singing in Phu Tho Province

06:00 | 12/03/2023 Lifestyle

(VEN) - Xoan singing is an ancient art performed during the first two months of the lunar year and designated by the United Nations Educational, Scientific and Cultural Organization (UNESCO) as a valuable intangible cultural heritage of the northern Vietnamese province of Phu Tho. It is based on the Vietnamese practice of ancestor worship and dates back to the period of the 18 Hung kings who ruled northern Vietnam from 2879-258 BCE. However, some music researchers believe that Xoan singing emerged much later, during the Later Le Dynasty (1428-1789 AD), as the lyrics bear literary forms and styles of the period.

Multimedia

Video Longform Infographic Photo

Amazingly beautiful Ninh Thuan

09:13 | 20/03/2023 Video

(VEN) - The south central coastal province of Ninh Thuan is renowned for its beautiful, pristine beaches and vast white salt fields. Visitors are recommended to travel to the province from April to June to enjoy their summer vacations, and from August to October when the grape-harvesting season falls and unique local festivals of the Cham people take place.

Tra fish exports hold promise after China reopens borders

07:00 | 20/03/2023 Infographic

Tra fish exports are expected to recover shortly with China gradually reopening its borders.

Lao Cai Province welcomes first Chinese tourists after three years

08:49 | 17/03/2023 Tourism

Eighty Chinese tourists entered Vietnam via the Lao Cai International Border Gate on March 15 afternoon, marking the return of Chinese travellers to the northern mountainous province of Lao Cai after a three-year hiatus caused by the COVID-19 pandemic.

viet nams grilled bananas among worlds most delicious desserts

Việt Nam's grilled bananas among world’s most delicious desserts

06:00 | 20/03/2023 Lifestyle

CNN described the sweet course as crispy, smoky and fragrant, and best enjoyed with lightly sweetened creamy coconut milk and roasted peanuts.

a dish to try beef ore you go buon ma thuots famous beef in tamarind sauce

A dish to try beef-ore you go, Buôn Ma Thuột's famous beef in tamarind sauce

06:00 | 18/03/2023 Lifestyle

Many restaurant owners claim that the dish's fame is due to the special marinated ingredients that can be found exclusively in this hilly part of Việt Nam.

Policy

Animal feed industry asks for import tax reduction on raw materials

09:55 | 20/03/2023 Policy

The Government has received a proposal from the Vietnam Feed Association to eliminate the import tax on soybean meal, currently set at 2%.

Over 250 petitions submitted to authorities on fragility of petroleum regulations

18:07 | 16/03/2023 Policy

The petitions concern the alteration of petroleum business restrictions in decrees No.83/2014/ND-CP and No.95/2021/NQ-CP, resulting in losses for retail establishments.

New legal documents in second half of February 2023

07:00 | 12/03/2023 Policy

VEN lists the latest legal documents issued by the Vietnamese Government, ministries and state agencies.

Companies allowed to make bond payments with other assets

07:00 | 09/03/2023 Policy

Companies shall be allowed to make bond payments with other assets, according to the Government's recently-released Decree 08/2023/ND-CP issued.

Industry & Trade

Offshore wind energy an essential base load power source: official

14:30 | 20/03/2023 Energy

Offshore wind energy has great potential to contribute to the energy security goals of Việt Nam, according to deputy head of the Party Central Committee's Economic Commission Nguyễn Đức Hiển.

Uncorking bottlenecks for support industry development

06:00 | 18/03/2023 Industry

(VEN) - Vietnam is mulling legislation to boost the low localization rate of its industrial production and means to modernize its support industries and increase their participation in the local and foreign value chain.

Da Nang greens textile-garment industry

13:00 | 17/03/2023 Energy

(VEN) - Textile and garment enterprises in the southcentral coastal city of Da Nang are seeking to green their production through the use of renewable energy, waste reduction and wastewater standardization.

High cost of construction materials puts pressure on Việt Nam's construction industry

10:13 | 15/03/2023 Industry

According to contractors and investors in Hà Nội, while the price of cement has stabilised, other essential building materials such as steel and construction sand continue to increase in price.

Investment

US businesses exploring investment, business opportunities in Vietnam

10:01 | 21/03/2023 FDI

Representatives of more than 50 US companies will visit Vietnam from March 21-22 to discuss investment and business opportunities under an annual programme hosted by the US-ASEAN Business Council.

Da Nang hopes for further investment from RoK city

09:13 | 17/03/2023 FDI

Secretary of the Da Nang municipal Party Committee Nguyen Van Quang said he hopes that the city of Daegu in the Republic of Korea (RoK) will cooperate with the Vietnamese central city and invest more in its hi-tech sector, along with education, training and tourism.

Initiative speeds up investment disbursement

06:00 | 14/03/2023 Domestic investment

(VEN) - Prime Minister Pham Minh Chinh has asked ministries, sectors and localities to ensure the quality and effectiveness of public investment projects and achieve a higher disbursement rate in 2023.

Hanoi builds synchronous policies to draw foreign investment

07:25 | 11/03/2023 FDI

A conference linking hundreds of Hanoi and Singaporean enterprises was held in the capital city of Hanoi on March 7. The event was co-hosted by the municipal Department of Industry and Trade, the Vietnam Trade Office in Singapore, the Singapore Chinese Chamber of Commerce and Industry (SCCCI) and the Vietnam Chamber of Commerce and Industry (VCCI).

Finance-Banking

Vietnam seeks response to corporate tax overhaul

06:00 | 20/03/2023 Finance-Banking

(VEN) - All European Union states and many other countries will introduce a global minimum tax (GMT) of 15 percent on large corporations by the start of 2024, and Vietnam is being urged to devise appropriate policies and adapt to the new taxation.

Vietnam’s regulatory interest rates to be reduced by 0.5-1 percent

07:05 | 16/03/2023 Finance-Banking

The State Bank of Vietnam (SBV) on March 14 issued two decisions to reduce regulatory interest rates by 0.5% to 1%, which will come into force on March 15.

Global Minimum Tax a head-scratcher for Vietnamese policymakers

06:00 | 13/03/2023 Finance-Banking

As many countries plan to adopt the Global Minimum Tax Rate (GMTR) in 2024, experts are concerned that the entry into force of the rate would discourage foreign companies from locating their operations in low-tax countries.

Program seeks to solve business capital needs

13:00 | 10/03/2023 Finance-Banking

(VEN) - A series of commercial banks have moved to reduce lending interest rates in response to strong messages by the Government and the State Bank of Vietnam (SBV) about supporting the economy and business sector.

Environment

Practical effective activities urged to mark World Water Day

10:03 | 20/03/2023 Environment

The Ministry of Natural Resources and Environment has asked other ministries, agencies, sectors, localities, and organisations to take practical and effective activities to mark the World Water Day (March 22), the World Meteorological Day (March 23), and the Earth Hour 2023 (March 25).

BKEET steams ahead with waste treatment

13:00 | 15/03/2023 Make in Vietnam

(VEN) - After research spanning 20 years, solid waste incinerators produced by the Bach Khoa Hanoi Energy and Environment Joint Stock Company (BKEET) are operating across the country.

Tree planting campaign targets carbon neutrality

06:00 | 13/03/2023 Environment

(VEN) - Vietnam has embarked on a nationwide tree planting campaign designed to benefit the environment and enhance the quality of life.

Can Tho, USAID foster collaboration to mitigate climate change effects

09:00 | 11/03/2023 Environment

Leaders of the Mekong Delta city of Can Tho on March 9 had a working session with a delegation from the United States Agency for International Development (USAID) led by its Administrator Samantha Power, during which the two sides discussed collaboration in climate change response and how to support people affected by the natural phenomenon.

Science - Technology

Vietnam introduces automated sorting system

13:00 | 20/03/2023 Make in Vietnam

(VEN) - The successful design, manufacturing and operation of an automatic goods sorting system has contributed to optimizing the production process and cutting the costs of logistics enterprises. Vietnam Economic News’ Quynh Nga interviewed Dr. Phan Dang Phong, Director of the National Research Institute of Mechanical Engineering (NARIME) under the Ministry of Industry and Trade (MoIT), about this technology.

Domestic ICT firms well-positioned to reach out to the world

06:00 | 20/03/2023 Science - Technology

Vietnam's information and communication technology (ICT) companies are well-positioned to make strong breakthroughs and reach out to the world in the near future, on the back of widespread Internet access, abundant workforce and support from authorities at all levels.

Innovation platforms boosting sustainable development announced

06:00 | 18/03/2023 Science - Technology

The Institute for Innovation and Development (IID) on March 15 held a “Drive Innovation for Impact” event to announce three digital innovation platforms boosting sustainable development.

Vietnam well-positioned to benefit from AI website

06:00 | 16/03/2023 Science - Technology

Artificial intelligence (AI) is poised to revolutionise economies, and Vietnam is well-positioned to reap the benefits and emerge a leader – both development and application, highlighted an article run at intelligent global legal research platform Lexology.com.

Hanoi among top 10 localities for economic governance quality

See also

See more news

Multimedia