|Many new urban areas will be built across Ring Road 3 flyover in Ha Noi City's Thanh Xuan District in the future. The Ha Noi People's Committee has planned to issue Government bonds worth $47.3 million to finance infrastructure projects in the city in the next two years. — VNA/VNS Photo Huy Hung
VINH PHUC (VNS)— Deputy PM Hoang Trung Hai yesterday urged thorough and scientific planning for the development of the Ha Noi Capital Region - the nation's political, cultural and economic centre – into a high-quality, investor-friendly urban zone by 2050.
In 2008, the Government approved a development plan for Capital Region geared towards the year 2020 with a vision extending for another 30 years.
Under the plan, the region consists of Ha Noi and the seven neighbouring provinces of Ha Tay, Vinh Phuc, Bac Ninh, Hung Yen, Hai Duong, Ha Nam and Hoa Binh.
After the expansion of Ha Noi and the merger with Ha Tay and part of Hoa Binh Province in 2008, three other provinces - Phu Tho, Thai Nguyen and Bac Giang - were included in the region's development plan.
Last year, the region occupied an area of over 24,300 square kilometers and had a population of about 17.5 million people.
Hai said that planning and development investment in the region had made progress in recent years, as evidenced by improved infrastructure and a greater number of projects, especially improving the transport system.
Speaking at a meeting of the Steering Committee for the planning and development of the region, Construction Minister Trinh Dinh Dung added that economic growth of the whole region remained high and stable for years.
Last year, its GDP was about VND646,7 trillion (US$30.7 billion), accounting for 21.72 per cent of the country's total.
At present, the region has 136 urban areas with an urbanisation rate of over 30 per cent.
However, Dung said that more specific planning and zoning was needed.
"The development of infrastructure and social infrastructure in urban areas and industrial zones is still incompatible, leading to slow and unsustainable development," he said.
Dung noted that planning activities still faced difficulties because of a lack of legal frameworks and co-operation mechanisms between central and local governments, which caused overlapping management.
The Deputy PM said that when it came to planning, the committee needed to pay much more attention to the typical features and potential of each locality while ensuring that projects were not plagued by delays.
Ha Noi issues bonds
The Ha Noi People's Committee has planned to issue Government bonds worth VND1 trillion ($47.3 million) to finance eight key infrastructure projects in the city in the next two years.
The issuance is planned from September 25 to October 2 to mobilise capital for projects, including two hospitals in suburban areas, a water drainage station in Yen Nghia and several transport developments.
This will be the second time the city has sold bonds this year. In June, the capital earned VND1 trillion from the transactions. — VNS