Econ
Hanoi to create a breakthrough in attracting investment
The first half of the year, in the context of domestic and international difficulties, but to maximize the potentials, advantages and efforts of governments at all levels, branches, Hanoi has basically and comprehensively completed the assigned political task, to attract breakthrough capital and serve the Capital`s socio-economic development.
Enterprises are doing business registration procedures at the Hanoi Planning and Investment Department
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In addition to diversifying financial resources for development investment, the ministry plans to continue reforming the tax and fee systems, increase mobilisation of external financial resources, open the financial market in accordance with international commitments, and improve efficient use, management and distribution of public financial resources in association with economic restructuring.
Hanoi authority will enhance the self-autonomy, self-responsibility and accountability of public service suppliers. The sector is encountering a number of pressures such as decreasing budget revenues, unreasonable budget spending and high budget over expenditure. Furthermore, though the public debts remain at a safe level, they are on an upward trend, pointing to slow equitisation of State-run businesses, international integration impacts and fluctuating global crude oil prices.
The Capital is creating most favourable conditions for enterprises to develop and ensuring State budget collection as well as balancing financial resources amid increasing spending needs of all sectors and administrations, promoting thrift practice to ensure public debts are at a safe level, and increasing investment in social welfare policies. The City will put a high premium on social welfare beneficiaries and people living under the poverty line. Hanoi's leaders called for the engagement of the whole political system along with the support of the business community and locals to overcome hurdles in realising the City’s aforementioned targets.
Currently, districts, towns, agencies and units in Hanoi are actively implementing the tasks set out. Most committees have enacted programs to concretize action suit local conditions, as well as the functions and responsibilities of each agency, with the desire and determination to complete targets, tasks and contribution to the successful implementation of the country's objectives.
