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Building infrastructure for Hanoi Industry and Trade in a modern way


Hanoi Industry and Trade needs to review and build infrastructure in the direction of modernization. That is the direction of the Vice Chairman of Hanoi People’s Committee Nguyen Manh Quyen at the meeting with Hanoi Department of Industry and Trade on the implementation of the task in 2022.

The report of Hanoi Department of Industry and Trade shows that in the first quarter of 2022, the Hanoi industry showed positive signs of recovery.

Specifically, it is estimated that in the first quarter of 2022, the added value of the industry increased by 5.74% compared to the same period in 2021, contributing 0.74% point % to the overall increase of 5.83% of GRDP. After the Hanoi People’s Committee allowed business activities, tourism, restaurants, hotels, transport… to operate again, in a new normal state, it created a positive momentum for the recovery of the trade and service sector.

Reviewing and building infrastructure of industry and trade in a modern way - Urban Economic Newspaper

Value added in the service sector in the first quarter of 2022 increased 6.15% compared to the same period, contributing 4.06 points % to the overall increase of 5.83% of GRDP. In particular, the value added of wholesale and retail activities increased 4.37% of industrial production activities and wholesale and retail activities increased 5.83% of GRDP, accounting for 20.4%. Hanoi’s import-export activities in the first months of the year also achieved positive results, with the total import-export turnover in the first quarter of 2022 reaching $12.7 billion, up 14.7%.

According to the leaders of Hanoi Department of Industry and Trade, in the 2 years 2020-2021, the Covid-19 pandemic has negatively affected enterprises affecting the socio-economic situation in general and Hanoi industry and trade in particular. Enterprises in Hanoi lack production materials, labor shortage… leading to supply-demand imbalance, reduction of orders, reduction of output.

In addition, due to the impact of political tension and instability between Russia and Ukraine… has caused the price of raw materials, fuel inputs such as petroleum, gas, iron and steel… to increase, causing the production costs of all production sectors and services to be affected… while the access to credit sources of enterprises is not high.

Deputy Director of Hanoi Department of Industry and Trade Nguyen Dinh Thang said: Although the grid system in Hanoi has improved but not synchronized, leading to limited grid backup capacity, some lines and substations are fully loaded, especially in the central area of the city. The socialization in the development of civilized and modern commercial infrastructure such as commercial centers, supermarkets, convenience stores, markets… still lacks a policy mechanism to encourage enterprises to invest. (“On the same day, Vice Chairman of Hanoi People’s Committee Nguyen Manh Quyen chaired the conference announcing the decision of the Chairman of the City People’s Committee to appoint the Head of Energy Management Division (Hanoi Department of Industry and Trade) Nguyen Dinh Thang to hold the position of Deputy Director of Hanoi Department of Industry and Trade”.

Proposing solutions to overcome these difficulties and shortcomings, Acting Director Tran Thi Phuong Lan proposed: In the coming time, Hanoi People’s Committee will consider authorizing the Department of Industry and Trade to license electricity activities in the city; Regulation on management of industrial clusters, construction plan and development of the Center for Creative Design, introduction, promotion and sale of OCOP products… At the same time, the City People’s Committee developed a mechanism to support enterprises in the process of production recovery in new normal conditions.

Specifically, exemption from land rent reduction, preferential interest rates for enterprises and cooperatives participating in construction investment, management, trading and exploitation of the traditional market system… Request Hanoi People’s Committee to speed up the approval of detailed planning 1/500 thereby meeting the construction schedule of 41 industrial clusters in 2022. “It is recommended that the departments and branches shorten the implementation time of administrative procedures to at least 50%, thereby speeding up the investment in construction of technical infrastructure of industrial clusters,” Ms. Lan suggested.

Speaking at the conclusion of the Conference, Vice Chairman of Hanoi People’s Committee Nguyen Manh Quyen proposed: In the coming time, Hanoi Department of Industry and Trade promotes and puts information technology applications into management; review and early implementation of digital transformation. In addition, the Hanoi Department of Industry and Trade needs to strengthen the planning review of the market system, gasoline plants, power stations… in the direction of serving the needs of people and businesses well.

Source: Bo Cong Thuong

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