The 17th Party Committee of the Capital City of Hanoi convened its 21st session on January 21 to discuss several key matters, including the second draft of the Political Report to be presented at the 18th Congress of the municipal Party Organization, for the 2025-2030 term.

Presenting the draft report, Mr. Nguyen Doan Toan, Head of the  Department for Information and Education of the Hanoi Party Committee, emphasized that with the key strategic solutions outlined for the 2025-2030 period, the city’s Party Committee is determined to implement measures that accelerate development.

According to the draft report presented at the session, the Party Committee has proposed two economic growth scenarios for the 2025-2030 period.

Under the first scenario, the average annual growth rate of the city’s gross regional domestic product (GRDP) is projected to reach 8.0-8.5 per cent, aligning with targets set in Resolution 15-NQ/TW of the Politburo on “Orientations and tasks for the development of the Hanoi Capital towards 2030, with a vision to 2045.” 

Accordingly, the GRDP per capita would range from VND260-266 million (approximately $10,000). The total investment capital to be implemented during this period is expected to range from VND4.26-4.4 quadrillion ($168.98 - 174.53 billion), with annual labor productivity growth averaging 6-6.5 per cent and the agricultural sector’s share in GRDP falling below 1.5 per cent.

Meanwhile, the second scenario aims for a higher average annual GRDP growth rate of 10.5-11 per cent. In this case, the GRDP per capita would rise to VND 291-298 million (approximately $11,500). The total investment capital to be realized during this period would reach VND 4.86-5 quadrillion ($192.78 - 198.33 billion), with annual labor productivity increasing by 8.5-9 per cent and the agricultural sector’s share in GRDP dropping below 1.3 per cent.

To achieve these economic growth goals, the city plans to prioritize the disbursement of public investment funds early in 2025, adopting a strategy of using public investment to lead and attract private investment, promoting public-private partnerships, stimulating consumption, and boosting production. Efforts will also focus on developing tourism in a professional, high-quality, and modern manner, coupled with enhanced promotion to attract both international and domestic visitors.

Hanoi also aims to advance science, technology, innovation, and digital transformation—identifying these as critical breakthroughs and the primary drivers for rapidly developing modern productive forces. Comprehensive digitization will be pursued across State management activities, fostering the growth of digital government, digital economy, digital society, and digital citizens.

Hanoi will also encourage the establishment of more advanced, specialized manufacturing and processing industries, aligning with stable and sustainable development, by 2030. The city aims to rank among the nation’s leaders in science development, technology transfer, and high-tech applications within its industrial sectors.

Efforts will be directed toward reducing dependence on assembly and outsourcing, shifting focus to creating "Made in Vietnam" products which are designed and manufactured domestically, thereby positioning Hanoi as a key player in the process of Vietnam’s industrial development.