Mr. Tran Sy Thanh: Health check, 'CT scan' of Hanoi's economy

TPO - Chairman of Hanoi People's Committee Tran Sy Thanh said: "Hanoi's economy was "CT scanned", reviewed, and its "health" was re-examined through many slices and individual perspectives of scientists and businesses".

On the morning of March 7, the Hanoi People's Committee held a scientific workshop on promoting the highest economic growth in 2025 and striving to achieve double digits in the 2026-2030 period.

Remove legal problems immediately

Dr. Nguyen Dinh Cung - former Director of the Central Institute for Economic Management - said that Hanoi 's gross regional domestic product (GRDP) has always been higher than the whole country, except for 2024, but has not yet surpassed it. Therefore, achieving 8.5% growth in the 2021-2023 period is a challenging and stressful target for Hanoi.

Mr. Cung recommended immediately removing legal obstacles for projects, releasing "stagnant" resources, creating products for society, contributing to increasing the city's economic growth rate.

Dr. Nguyen Dinh Cung - former Director of the Central Institute for Economic Management - spoke at the workshop

Along with that, the city should restore and promote the industrialization of the city economy by building more high-tech industrial parks. Hanoi only attracts high-tech industry and green production; industrialization is associated with urbanization and vice versa; further breakthroughs in improving the business environment, focusing more on attracting high-quality foreign direct investment (FDI)...

Mr. Mac Quoc Anh - Vice Chairman and General Secretary of the Hanoi Association of Small and Medium Enterprises - commented: Hanoi still has limitations in economic growth such as low growth quality, depending more on investment capital than labor productivity. The rate of enterprises applying digital technology is still low, only about 30% of enterprises have implemented digital transformation. Not taking full advantage of opportunities from free trade agreements (FTAs). High logistics costs affect the competitiveness of enterprises. Notably, Mr. Quoc Anh said: The legal environment is not really open, administrative procedures are still barriers for many small and medium enterprises.

Mr. Mac Quoc Anh - Vice Chairman and General Secretary of the Hanoi Association of Small and Medium Enterprises - said that the legal environment in the capital is not really open.

Mr. Quoc Anh said that Hanoi needs to invest heavily in the inland container depot (ICD) system and modern logistics centers to reduce transportation costs. At the same time, it needs to strongly reform administrative procedures and reduce compliance costs for businesses. It needs to invest heavily in infrastructure, especially the logistics system and high-tech industrial parks.

Regarding issues related to financial, tax and credit policies, Mr. Quoc Anh suggested that the city leaders establish a fund to support businesses in digital transformation. Along with that are policies to support businesses in accessing preferential loans to invest in technology.

High-tech biological park to start construction in September

Speaking at the workshop, Chairman of Hanoi People's Committee Tran Sy Thanh said: "Hanoi's economy was "CT scanned", reviewed, and its "health" was re-examined through many slices and individual perspectives of scientists and businesses".

Chairman of Hanoi People's Committee Tran Sy Thanh received comments at the workshop.

Mr. Tran Sy Thanh said that Hanoi is determined to promote digital transformation, develop infrastructure for digital technology industry as a foundation for developing e-Government, digital government, digital economy, digital society, digital citizens. Develop specific mechanisms, policies, and solutions to support and encourage to increase investment attraction in new industries and fields, high technology such as semiconductor chips, artificial intelligence, internet of things, etc.

Hanoi is drastically and effectively implementing the Hanoi City Digital Transformation Program to 2025, with a vision to 2030; Promoting digital economic development, encouraging businesses to increase the use of digital services in the fields of trade and services... striving for the proportion of digital economy in GRDP to reach 30%.

Support businesses in applying and transferring technology, digital transformation, applying standards, regulations, advanced management systems, tools to improve productivity and quality, support in applying geographical indications, traceability, building, managing and developing intellectual property, key product brands...

Chairman Tran Sy Thanh also said that this September, Hanoi will start construction of a high-tech biological park of about 200 hectares in Bac Tu Liem district...

Tran Hoang