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.
SGGP
Business & Investment Opportunities
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