Hanoi focuses on investment in green energy
To encourage the use of clean energy, the city is renovating electrical systems in urban areas, public spaces, and gas stations.
To encourage the use of clean energy, the city is renovating electrical systems in urban areas, public spaces, and gas stations.
Over the next five years, the privately-owned Chinese enterprise plans to invest RMB45 billion (nearly US$6 billion) in Vietnam.
A number of supportive policies over the past years have enabled Vietnam to create room for domestic startups to grow, especially in areas where Vietnam is on par with other countries.
The capital city ranks among the top localities in foreign direct investment attraction.
By 2023, the city expects to disburse VND47 trillion ($1.9 billion) of public funds, including VND15.7 trillion ($632 million) for municipal-level projects.
Vietnam's Minister of Finance will visit Luxembourg soon to discuss the update of mutual agreements and address issues in regard to EIB-funded projects in the Southeast Asian country.
Experts argued that private capital and blended finance investments will continue to be an important component of Vietnam’s sustainable development.
Vietnamese President Nguyen Xuan Phuc on December 6 hopes Korean corporations will boost their investment in Vietnam.
Hanoi aims to end the year with a high disbursement rate of public funds, seen as a critical task for overall socio-economic development efforts.
Transport infrastructure and affordable housing are the fields that Hanoi plans to develop amid rapid urbanization.
The capital city aims to disburse 90% of the total public funds of VND51.58 trillion (US$2.07 billion) allocated for the year.
Transparency, publicity, and constructive discussion between the authorities and people would help ensure greater efficiency in the site clearance.
In 2023, the Government allocated VND47 trillion (US$1.9 billion) for public investment projects in Hanoi.
The investment capital for the project would come from the city's budget, and the bridge's construction is planned for 2023-2026.
Public investment continues to be a pivotal factor in supporting macroeconomic stability, containing inflation, and boosting economic growth.
Hanoi has built plans for the development of organic farming in the 2022-2025 period and a vision for 2030.
American investors appreciated the advantages of Hanoi, with great socio-political stability, a bright economic outlook, rich cultural values and high tourism potential.