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Jun 16, 2018 / 19:23

Hanoi opens wide arms to investors

The dream of a "smart, green, prosperous and beautiful" city is being realized in the "Development master plan until 2020, with a vision to 2030".

With the expectation that domestic and foreign investors join together to realize the plan, Hanoi has been issuing many favorable policies for investors.
Attractive destination to investors
 
Prime Minister Nguyen Xuan Phuc, Hanoi Party Secretary Hoang Trung Hai witnessed the signing ceremony for MoU of investment project of European University of Management in Hanoi in 2017. Photo: Thanh Hai
Prime Minister Nguyen Xuan Phuc, Hanoi Party Secretary Hoang Trung Hai witnessed the signing ceremony for MoU of investment project of European University of Management in Hanoi in 2017. Photo: Thanh Hai
According to the Hanoi Department of Planning and Architecture, the master plan for the Hanoi’s construction up to 2030 with a vision to 2050 has been approved by the Government. Hanoi has an area of ​​3,344 square kilometers, including the center, five satellite towns and ecosystem towns, contributing to Hanoi’s planning as "multi-polar and focused urban area", promoting the socio-economic development, development of transport system connecting central urban to the satellite urban area, management of the green corridor.
Hanoi’s development orientation as well as investment attraction from now to 2030 will focus on a number of areas such as railway infrastructure, belt road system, parking lots and public transport and so on. This will be a great opportunity for investors who want to participate in the city’s development projects.
Hanoi will remove obstacles and diversify its capital source
Hanoi always determines that the investment resources from the community at home and abroad will contribute to the successful implementation of the city’s goals and development orientation.
In the coming time, Hanoi will continue to prioritize and call for investment through various forms of FDI, public-private partnerships (PPP), socialization, etc.
In recent years, the local government has paid special attention to attracting investment and pledged to create a favorable business environment for investment and business. Moreover, Hanoi continues to accelerate administrative reforms and improve the business environment.
Chairman of the Hanoi People's Committee Nguyen Duc Chung affirmed that the city seeks to intensify its cooperation with other countries, cities, enterprises and investors. The city always respects investors' capital, which shows confidence in its efforts to attract investment.
Hanoi will create all favorable conditions to maximize the effectiveness of capital in accordance with the direction and objectives of the city, bringing the highest benefits for businesses and communities, he stressed.