On the back of the estimated GRDP growth rate of 7.46% in 2019, a four-year high, Hanoi targets the GRDP in 2020 to grow at least 7.5% onwards.

The result shows strong improvements in disbursing public funds in the first nine months this year.

Hanoi has set up six task force teams specialized in accelerating disbursement of public funds.

As of November 10, the disbursed amount of public funds in Hanoi stood at VND22.35 trillion (US$965.35 million), or 57.5% of the target set by the government.

Considered as Hanoi’s top priority to ensure economic recovery in the post Covid-19 pandemic era, the city is aiming to disburse 100% of the target amount this year.