A master plan on development of Hanoi capital approved

At Decision No. 1569/QD-TTg signed by Prime Minister Pham Minh Chinh on December 12, a master plan on Hanoi capital city for 2021-2030 period, with a vision towards 2050, has been approved.

During 2021-2030, the capital city targets to sustain an average annual GRDP growth of 8.5-9.5 percent, contributing to 15-16 per cent of the nation's GDP and 45-46 percent of the Red River Delta region, the Government News quoted the master plan as reporting.

The average GRDP per capita is projected to reach US$13,500-14,000.

The service sector is expected to account for 65.2 per cent of the city's GRDP while the industry-construction sector 25.3 per cent; the agriculture, forestry, and fisheries sector 1.3 per cent; and taxes on products excluding product subsidies 8.2 per cent.

The capital's population is expected to rise to 10.5-11 million and the Human Development Index (HDI) value is 0.88-0.9 by the end of this decade.

The capital city targets to increase the urban green space area to about 10-12 square meters per person.

The proportion of urban domestic wastewater collected and treated will reach 70 per cent, while all of industrial zones, export processing zones, and industrial clusters with centralized wastewater treatment systems meet environmental standards.

Besides, all of the urban and rural population with access to clean water through centralized water supply systems.

Regarding urban and rural areas, the urbanization rate will range from 65-70 per cent while the public transportation rate is expected to meet 30-40 per cent of the local residents' demands.

By 2050, Hanoi strives for the average GRDP per capita of US$45,000-46,000; and the urbanization rate is around 80–85 per cent.

Hanoi posted GRDP growth of 6.27 per cent in 2023, according to the city's Statistics Office.

The capital city contributes 16 per cent of the national GDP, 18.5 per cent of the state budget, and 20 per cent of domestic revenue.