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Aug 25, 2015 / 11:41

Hanoi to attract investment through clear and transparent policy

Hanoi will create favourable conditions for businesses to access and carry out projects in the capital efficiently as scheduled.

This was confirmed by Chairman of Hanoi People's Committee Nguyen The Thao at the "Promoting investment in Hanoi in 2015" conference  held in Hanoi on August 24.
In the 2010 - 2015 period, Hanoi's total investment growth reached 1,400 billion VND, up 2 times to the 2006-2010 period, in which foreign direct investment (FDI) has played an important role for its economy.
Hanoi has been in the list of leading provinces in attracting investment capital. As of July 2015, the city has attracted 3,209 projects with the total registered capital to 24.048 billion USD.

 
Chairman of Hanoi People's Committee Nguyen The Thao makes a speech at the conference.
Chairman of Hanoi People's Committee Nguyen The Thao makes a speech at the conference.
At the conference, Lee Kyuseon, General Manager of  Korean business support Center in Hanoi (Hanoi Kotra) said that Hanoi's investment environment has been significantly improved, thus attracting more Korea's large enterprises.
Korean businesses highly appreciate Vietnamese market and consider the country in general, Hanoi in particular as an attractive investment destination, he added.
Speaking at the event, Deputy Chairman of Hanoi People's Committee Nguyen Ngoc Tuan said, the city has publicly called for its investment portfolio of 46 projects involving land use since 2014.
The meeting was the first time that Hanoi introduce to call for investment of 11 specific projects in industry, real estate, trade and services, and social infrastructure.
Addressing the conference, Chairman Nguyen The Thao said Hanoi will focus on attracting investment in sectors in order to promote technology transfer, especially in high-tech, resources technology, creating more jobs and increasing exports.
In addition, the city will develop infrastructure, support industry, high-quality services, while attaching the importance of attracting FDI in these sectors with the technology research, transfer and development.
For the service sector, Hanoi will have a strong incentive policies to attract investment in health sector, health care services, education - training, luxury resorts associated with healthcare.
Hanoi government vowes to constantly creating more transparent investment environment consistent with process of international integration and will create the most favourable conditions for investors to do business in the capital in long-term, the Chairman stressed.