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Apr 07, 2014 / 15:36

Favourable policies to attract more investment to Hanoi

Ha Noi will develop more result-orientated policies to improve the investment environment and attract further foreign investment, particularly from Japan.

Ha Noi is aimed to address the businesses’ difficulties and obstacles in their business in Viet Nam, introduce investment opportunities and learn the suggestions and ideas in order to improve management capacity of the city’s authorities at all levels.

The Capital has implemented a scheme on attracting Japanese investment in the 2013-2015 period.

Accordingly, Ha Noi focuses on attracting large-scale projects, which bring high added value, use modern technology and be friendly to the environment, particularly those in IT, electronics, telecommunications, bio-technology for agricultural development, infrastructure development and high-quality human resource training.

The city would review its investment policies and the cooperation among administrative agencies and improve administrative reforms to provide an open and transparent investment environment in line with international integration process, create favorable conditions for investors to do their business and enhance the belief and cooperation among investors, businesses and state agencies.

CEO of the Forval Corporation Okubo Hideo praised Ha Noi’s Japan desk at the Ha Noi Department of Planning and Investment, which manifests the city’s efforts to facilitate Japanese investors.

There are 520 investment projects of Japanese investors running in Ha Noi with a total capital of $4.6 billion, accounting for 22% of the city’s total foreign direct investment. Japanese enterprises have accounted for 74% of the turnover of the foreign investment sector and generated jobs for 130,000 workers.