Hanoi sets ambitious growth targets for 2024


The city is targeting growth in the industrial sector by 7%-7.5%. — AFP

HANOI: Hanoi has set several ambitious targets for next year as the capital city aims to maintain growth.

The city is targeting growth in the industrial sector by 7%-7.5%, service by 6.64%-7.23%, construction by 8%-8.5%, investment capital by 10%-11.5% and export turnover by 4%-5%, with per capita gross regional domestic product reaching 162 million dong and local budget revenue reaching 408,5 trillion dong.

Chairman of the People’s Committee of Hanoi Tran Sy Thanh tasked the People’s Committees of towns and districts to base their plans on the capital city’s targets, the assigned targets, and the resolutions of the City People’s Council. They are to ensure accurate and sufficient allocations according to the city’s targets and organise the implementation to achieve the assigned plan.

Simultaneously, a directive has been issued to enforce the assigned targets and tasks, adhere to the reporting system regularly on monthly, quarterly, six-month and annual results in 2024 on the City People’s Committee’s reporting information system, and submit to the Planning and Investment Department for consolidation.

The city’s departments, agencies, and the People’s Committees of towns and districts are to propose five focal tasks (in order of priority, with specific completion times) to be submitted to the Planning and Investment Department for consolidation.

The Planning and Investment Department, based on the guidance of the government, resolutions of the City People’s Council, and the guidance of the City People’s Committee, will issue an action programme to implement the tasks, guiding solutions for economic and social development, and the state budget estimate to organise the implementation to complete the plan and tasks in 2024.

Regarding the budget estimates, the chairman of the Hanoi People’s Committee requires all levels, departments, and subordinate units to seriously implement the content of decentralised revenue sources, and budget expenditure tasks according to the resolutions of the City People’s Council.

This includes tightening discipline, strengthening the responsibility of leaders in financial management, and complying strictly with a directive dated July 26, 2023, of the Chairman of the People’s Committee of the capital city on enhancing discipline in complying with the laws on finance and the state budget.

For state budget revenue collection, the Tax Department and Customs Department of the city take the lead, and coordinate with departments, agencies, and People’s Committees of towns and districts to effectively implement the State Budget Law, amended tax laws, and state budget collection tasks according to the Prime Minister’s Decision and the City People’s Council’s resolution.

Additionally, they are required to intensify the management of state budget revenue, recovery of overdue tax debts, reduce the rate of overdue tax debts, continue to implement administrative procedure reforms on taxes, promote the digitisation of tax management, and closely manage tax refund beneficiaries to ensure compliance with legal provisions.

They must also take strict action against smuggling, counterfeiting, transfer pricing, tax evasion, tax fraud, and abuse of tax refund policies, ensuring accurate, sufficient and timely collection of taxes, fees, levies and other revenues into the state budget. — Viet Nam News/ANN

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