Hanoi targets GRDP per capita of 36,000 USD by 2045

by VNA09 February 2023 Last updated at 19:00 PM

Hanoi's Ring Road 3 where Pham Van Dong Road connects with Thang Long bridge. (Photo:VNA)
Hanoi's Ring Road 3 where Pham Van Dong Road connects with Thang Long bridge. (Photo:VNA)

Hanoi is set to become a globally-connected city with high living standards and quality of life, according to a new plan that aims to raise the Gross Regional Domestic Product (GRDP) per capita to 36,000 USD by 2045.

As the country continues to develop, the government is focused on ensuring that the capital remains at the forefront of this progress, positioning it as a hub for commerce, culture, and innovation in the years to come. The average annual growth rate of GRDP is set to increase to 7.5-8% by 2025 and 8-8.5% by 2030.

As a result, the GRDP per capita is expected to reach 8,500 USD by 2025 and up to 12,000-13,000 USD by 2030.

The figure is projected to reach 36,000 USD by 2045. From 2026 to 2030, the processing and manufacturing industry will make up 20% of the GRDP, the digital economy will make up 40% of the GRDP, 80% of the agricultural production value will use high technology, and labour productivity will increase by 7.5%.

The urbanisation rate will reach 75% by 2030. By 2045, the city's economic, cultural and social development will be comprehensive, unique and harmonious and at the same level as the capitals of developed countries.

The plan details were revealed after the Politburo issued Resolution 15/NQ-TW on the orientations and tasks for the capital city's development until 2030 with a vision towards 2045 last April.

To fulfil these targets, the Resolution puts forwards key tasks and solutions, including continuing to raise awareness of the significant position, role and importance of the capital city; and developing the capital's economy rapidly and sustainably based on restructuring the economy in connection with renewing growth models and mobilising all resources effectively.

It is also necessary to strongly develop the city's culture in line with its role as a centre of education and training, science and technology, and healthcare while ensuring social security and welfare.

Other tasks include improving planning quality and promoting infrastructure construction, urban development and management. Furthermore, effective use of natural resources and environmental protection are key ones.

They also include ensuring national defence, security, social order and safety in all situations and promoting diplomacy, international integration and development cooperation to raise the position and prestige of the capital city. The building and rectification of the Party and the political system must be increased for transparency and a stronger Party and political system, and legal systems must be completed in the capital with appropriate mechanisms and policies to meet the city's development requirements in the new period.

The Politburo asked the Party Organisation, administration and locals of the capital city to stay united and determined to work with central ministries, sectors and agencies, as well as other localities, to implement the resolution effectively. The Politburo underlined the need to make comprehensive adjustments to the Capital Law to meet the development requirements of the capital city in the new situation.

Under the action plan, the city will tighten cooperation with government ministries and agencies to implement the tasks of the capital city's development strategy. It will improve its coordination with provinces and cities throughout the country, especially with Hai Phong and Quang Ninh, to promote each other's potential and advantages for mutual development./.


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