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

Other news

Most view

At the forum (Photo: SGGP)

Ben Tre Province facilitates agriculture investors

A forum held in the Mekong Delta province of Ben Tre yesterday had met to promote investment in agriculture with the participation of the provincial Party Secretary Vo Thanh Hao, Chairman of People’s Committee Cao Van Trong and 250 enterprises.

Banking-finance

VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Economy

HCMC focuses on safe pig breeding chain

The HCM City department of agriculture & rural development has just held conference about the sustainable pig breeding and safe pork production market in HCMC.

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

STK to issue 10.8million shares

The shareholders of Century Synthetic Fiber Corp (code: STK) have approved plan to issue 10.8 million shares.