Hanoi spends nearly 2,000 billion vnd to peintroduce manufacturing after the pandemic

DNHN - The Hanoi People's Committee estimates that the city would spend approximately VND 2,000 billion in 2022, including VND 921.5 billion from the city's supplementary budget and more than VND 1,056 billion from capital sources.

Recover revolving loans in order to lend them to the poor, other policy families, small and medium-sized businesses, cooperatives, and business households in the region in order to rehabilitate the economy.

The above capital is entrusted to the City Bank for Social Policies branch, related branches, and district and town People's Committees in order to allocate capital to the appropriate subjects, for the appropriate lending purposes, and to avoid duplication with relevant central and municipal support programs.

Additionally, the Hanoi People's Committee mandates districts, towns, and cities to be accountable for distributing planning objectives to communes, wards, and townships and ensuring their execution in accordance with rules.

Mr. Do Anh Tuan, Director of the Hanoi Department of Planning and Investment, said that the city continues to advocate for the efficacy of “the city's working group to alleviate problems for enterprises, cooperatives, and business families impacted by the pandemic”.

Minh Anh