Hanoi to spend US$11.3 trillion on industrial sector

The People’s Committee in Hanoi has completed a draft plan for development of the industrial sector until 2020, with a vision outlook till 2030, with main focus and target at turning it into a high technology sector.

Accordingly, the city will spend a total of VND238.757 trillion ($11.3 trillion) during the period 2011-2020 into developing the sector.

Hanoi will focus on developing centres for research, design, manufacturing and building offices for larger production companies.

The target is to increase industrial production by 11.3 per cent during the period 2011-2015; 12.1 per cent during 2016-2020 and 10.2 per cent during 2012-2030.

In related news, Hanoi authorities have asked the Department of Planning and Architecture to report the availability of land for resettlement projects before March 15, so as to speed up projects. It has also asked the Department of Planning and Investment to check the availability of funds for the resettlement projects.

In 2012, the city will need 6,500 resettlement houses but currently has only 1,300 apartments available. The city is implementing 52 resettlement projects and needs 14,102 apartments. 12,097 are expected to be complete during the period 2013-2015.

In addition, Hanoi will buy 3,189 apartments for resettlement of residents, of which 606 apartments are expected to be complete this year and the remaining apartments will be complete within 2013-2015.

By T.Van,H.Tram – Translated by T.Huong

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