Business
Hanoi needs to invest $60 billion in the next 5 years
  • | dtinews.vn | April 08, 2010 10:08 PM

The investment budget needed for the development of Hanoi from 2010 to 2015 is estimated to be between USD60 billion and 61 billion, and 97 billion to 98 billion dollars from 2015 to 2020. The average income per person in Hanoi in 2015 and 2020 is predicted to be 3,300 USD and 5,300 USD respectively.

These figures appeared in the socio-economic development strategy draft of Hanoi for 2030 and 2050 that took place on April 7. Following this strategy, Hanoi aims to rank above average among 150 largest cities in the world in terms of economy.

Central urban area expands and develops to the North and the West.

It is estimated that Hanoi's population will increase to about 7.9 million people (in which the urban population is about 4.3 million people) in 2010, and 9.4 million people (6.4 million of which are in the urban population).

In regards to the economic development goals, the average GDP rate goal is 10% per year in the period between 2011 and 2015, 9% from 2016 to 2020, and about 8% from 2021 to 2030. The average GDP income per person in Hanoi is estimated to be 3,300 USD in 2015, 5,300 USD in 2020, and 11,000 USD in 2030.

The organisation of Hanoi's urban space will follow a cluster model, in which there would be a main urban centre and smaller urban areas surround it. This area will be developed in the North and the West and on a smaller scale in the East. The old area of Hanoi will remain its current population and try to keep from rising up too quickly.

Hanoi's municipalities will consist of 5 urban areas and 13 towns. The 5 urban areas are Son Tay (green urban), Hoa Lac (technology and science urban), Xuan Mai (training service), and Phu Xuyen - Phu Minh, Soc Son (industry and service).

The breakthrough strategies are to build an urban management model, reform administrations, quickly develop the source of manpower, develop surrounding urban areas to create more space in terms of development and reduce pressure for the urban centre.

It has been calculated that the national budget is able to meet the demands mentioned above by 16 - 18% and investment budget from private businesses and people by about 48 - 52%.

In the opinion of the Secretary of Me Linh District, Mr. Le Van Hoat, it will not be easy to accomplish all the goals in the next 3 to 5 years, therefore it is more important to determine the trend of development in the next 20 to 40 years, rather than try to accomplish all the goals. The Secretary of Thanh Tri District, Mr. Tran Dinh Phuc, said the goals should be set for 10 years, not 20 years. The Secretary of Long Bien District, Mr. Nguyen Van Thanh, suggested development of infrastructure levels should be focused on in the next 10 years in order to connect the main urban centre with the smaller surrounding ones.

On the other hand, Secretary of Ha Dong District, Mr. Le Hong Thang, wanted to emphasise the human factor, in which Vietnam should send leaders to study overseas in large universities, as he believed with proper training, they would make a more dramatic change to the development of Hanoi.

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