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Ha Noi makes progress despite setbacks

Update: September, 12/2013 - 08:00
The state-owned 1-5 Auto Company in Dong Anh District. The city was asked to solve difficulties with production and business, restructure the economy and pay more attention to equitisation of State-owned enterprises.—VNA/VNS Photo Duong Ngoc

HA NOI (VNS)— Deputy Prime Minister Vu Van Ninh asked Ha Noi authorities to implement stronger solutions to solve difficulties with production and business, restructure the economy and pay more attention to equitisation of State-owned enterprises.

Speaking at a Tuesday meeting with representatives from the city, ministries and sectors, Ninh said Ha Noi has overcome difficulties and challenges to gain a comprehensive progress in the recent time.

He agreed with the city's economic growth target of 8.5 per cent set for this year, but reminded local authorities to make breakthroughs in economic development in the years to come.

It's reported that the city collected nearly VND80 trillion (US$3.82 billion) for the budget in the first eight months of this year, making it equal to nearly 50 per cent of the expectation.

Ha Noi estimated to collect more than VND120 trillion ($5.7 billion) this year, or 75 per cent of the target assigned by the municipal People's Council.

Chairman of the municipal People's Committee Nguyen The Thao emphasised the city's impressive progresses as its economy has been continuously growing, inflation has been controlled and social welfare has been stable.

Thao said 2013 is the most difficult year in the recent three years for the city, especially production, fund support and market expansion.

In the first months of the year, domestic purchases decreased, export fiercely competed and the real-estate market has been frozen. Meanwhile, businesses faced high production costs and high bank interest rates, leading to the increasing volume of bad debts and inventory.

Thao said the city has given many solutions but not strong enough to achieve stable development as expected.

In the coming time, Thao said the city will focus on production development, including market, loan and sales of products. It will issue policies to solve inventory products and real estate problems.

Thao proposed the Government and ministries further help the city solve difficulties in mechanism, policies and crossing documents.

A representative from the Ministry of Planning and Investment said in the field of investment, there still exists a number of unsuitable and crossing documents related to various ministries and sectors, causing less attraction for investors and making if difficult for the city.

He said the Prime Minister had assigned his ministry to draft a joint circular on investment among various ministries, which is expected to boost investment in the city in the future.

As for the city's proposals on solving difficulties in the equitisation endeavour of State-owned enterprises, Deputy PM Ninh said the Government has been adjusting some related decrees and documents to make them suitable with the real situation. — VNS


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