Hanoi contributes 17% of the national GDP and 20% of national revenues. Hanoi has established partnerships with more than 100 cities. In the last five years, the city attracted more than 25 billion USD worth of FDI, 5 times higher than the previous 5-year period and leading the country for two consecutive year: 2018 and 2019. Last year, Hanoi received nearly 30 million foreign visitors and was ranked one of the world’s 10 cities with the highest tourism growth.
Hanoi has been recognized by UNESCO as a City of Peace, and participates in UNESCO’s creative city network, an opportunity to develop its cultural and creative sectors and become one of the world’s creativity hubs. Party General Secretary and State President Nguyen Phu Trong wrote: “Hanoi is a major economic hub and also a political and cultural center of Vietnam. We need to focus on economic growth but also on culture development. Hanoi has a long history. It’s important to promote its heroism, preserve its culture, and ensure order and security.”
A draft report to the 17th Party Congress of Hanoi said Hanoi intends to lead the country in fine-tuning the socialist-oriented market economy and achieve a GDP growth rate of 7.5 to 8%.
Secretary of the Hanoi Municipal Party Committee Vuong Dinh Hue said: “Hanoi’s strategic goal is to promote rapid and sustainable growth to become a green, smart, modern city highly competitive in the region and ASEAN by 2025. By 2030, Hanoi will be a green, smart, modern city with dynamic development and strong international competitiveness. According to its Vision to 2045, Hanoi intends to ensure a high living standard, develop a sustainable economy, culture, and society and become a globally-connected city with an international competitive edge.”
Hanoi will organize its 17th Party Congress on the occasion of its 1010th founding anniversary. The Congress is expected to devise breakthrough strategies for the city’s development.