Hanoi lures big investment
Authorities in Hanoi have approved 48 projects with total registered investment capital of VND74.3 trillion (USD3.25 billion).
Besides the approved projects in transport, environment, tourism, or urban buildings, Hanoi authorities and investors also signed 15 memoranda of understanding worth nearly VND135 trillion (USD5.94 billion) on building an urban railways, and IT and communications projects.
Speaking at the event, Secretary of the municipal Party Committee Hoang Trung Hai said that Hanoi had made efforts to improve investment environment though there are still many things to do.
"Hanoi has climbed 10 steps in Provincial Competitiveness Index rankings, and six steps in administrative reforms," Hai said. "But the city still has some outstanding problems in environment pollution, public transport and infrastructure."
In a report released at the conference, People’s Committee Chairman Nguyen Duc Chung revealed that nearly VND440 trillion (USD19.36 billion) had been poured into investment projects in the city in 2016.
"Hanoi maintained a high economic development rate of 8.2% last year, budget revenue exceeded its target by 10.5% and the number of newly-established enterprises increased by 18%."
The leader said that he always welcomed all investors, businesses, associations, and localities inside and outside Vietnam to boost sustainable development.
He added that in the time ahead, Hanoi prioritised attracting investment projects using high and new technologies and clean energies, with a focus on such fields as satellite urban areas, urban railways, belt roads, and car parks.
Vietnam Chamber of Commerce and Industry Chairman Vu Tien Loc said that the city needed increased administrative reforms to reduce obstacles for investors, especially in land procedures, and tax collection.
In his speech at the meeting, Prime Minister Nguyen Xuan Phuc urged Hanoi to take effective action and carry out measures to connect businesses and attract the involvement of residents and both domestic and international enterprises in building the city.
"The government will listen to ideas and proposals from enterprises and agencies and try to help address outstanding issues in order to help Hanoi attract more investment," the PM said.
PM Nguyen Xuan Phuc meets with delegates at the meeting with investors in Hanoi on June 25.
Besides the approved projects in transport, environment, tourism, or urban buildings, Hanoi authorities and investors also signed 15 memoranda of understanding worth nearly VND135 trillion (USD5.94 billion) on building an urban railways, and IT and communications projects.
Speaking at the event, Secretary of the municipal Party Committee Hoang Trung Hai said that Hanoi had made efforts to improve investment environment though there are still many things to do.
"Hanoi has climbed 10 steps in Provincial Competitiveness Index rankings, and six steps in administrative reforms," Hai said. "But the city still has some outstanding problems in environment pollution, public transport and infrastructure."
In a report released at the conference, People’s Committee Chairman Nguyen Duc Chung revealed that nearly VND440 trillion (USD19.36 billion) had been poured into investment projects in the city in 2016.
"Hanoi maintained a high economic development rate of 8.2% last year, budget revenue exceeded its target by 10.5% and the number of newly-established enterprises increased by 18%."
The leader said that he always welcomed all investors, businesses, associations, and localities inside and outside Vietnam to boost sustainable development.
He added that in the time ahead, Hanoi prioritised attracting investment projects using high and new technologies and clean energies, with a focus on such fields as satellite urban areas, urban railways, belt roads, and car parks.
Vietnam Chamber of Commerce and Industry Chairman Vu Tien Loc said that the city needed increased administrative reforms to reduce obstacles for investors, especially in land procedures, and tax collection.
In his speech at the meeting, Prime Minister Nguyen Xuan Phuc urged Hanoi to take effective action and carry out measures to connect businesses and attract the involvement of residents and both domestic and international enterprises in building the city.
"The government will listen to ideas and proposals from enterprises and agencies and try to help address outstanding issues in order to help Hanoi attract more investment," the PM said.
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