The Hanoi People’s Committee has approved a plan on urban economic development that encourages the development of green projects.

The urban economy is expected to make up 85 per cent of the capital’s GRDP by 2025 and 90 per cent by 2030.

The share of the digital economy in the GRDP is to reach 30 per cent by 2025 and 40 per cent by 2030.

Vietnam’s capital also expects that e-commerce sales will account for 10 per cent of its total retail sales of consumer goods and services by 2025 and 20 per cent by 2030.

Under the plan, the People’s Committee has instructed the Department of Construction to recommend measures to develop real estate products, including housing and industrial and commercial property, while managing and making adjustments to ensure the transparent and sustainable growth of the market.

Priority will be given to the development of social housing projects.