Hanoi's economy witnessed the positive changes, achieving good results, it is the assessment of the city in the implementation of the socio-economic development in 2015.
According to deputy director of the municipal Department of Planning and Investment Tran Ngoc Nam, in 2015, Hanoi saw remarkable improvements in its investment and business environments.
The city implemented initiatives to reduce the time needed for establishing new business, falling from five to three days. Besides, time completing procedures required to receive investment licences were also slashed to 15 days, instead of the previous 45 days.
The city carried out effectively solutions to improve business and investment environment in 2015. Particularly, the municipal Trade, Tourism and Investment Promotion Centre has officially taken into operation. Hanoi organised training courses on international integration, announced the list of groups calling for investment projects and continued to implement the connection programme between banks and enterprises.
The total capital of investment of the city in 2015 reached 353 trillion VND, up 12.6% compared with 2014.
Despite these positive improvements, the investment environment was less competitive with other localities across the country, Nam said.
So, according to deputy director Tran Ngoc Nam, in 2016 Hanoi will concentrate on promoting administrative reforms and improving the processes of planning, investment and building to support businesses. The top priority is on reform in areas of planning, investment, land, building, certificate of business registration, investment licenses.
The city will strengthen trade promotion activities to attract more domestic and foreign investment, he said, adding that Hanoi will develop measures to solve obstacles facing investors.
Hanoi People's Committee said that the city attracted 1.4 billion USD in foreign direct investment (FDI) in 2015. FDI disbursements saw a year-on-year increase of 8% to an estimated 1.1 billion USD.
In the period 2016-2020, the city will focus on attracting investments in infrastructure construction development, establishment of hi-tech and biological parks, as well as support industries.
Other sectors including hi-tech agriculture, production of new materials, trade and tourism, health care, training and education will be prioritised for seeking investment in the coming years.
According to deputy director of the municipal Department of Planning and Investment Tran Ngoc Nam, in 2015, Hanoi saw remarkable improvements in its investment and business environments.
The city implemented initiatives to reduce the time needed for establishing new business, falling from five to three days. Besides, time completing procedures required to receive investment licences were also slashed to 15 days, instead of the previous 45 days.
Hanoi will continue to improve the investment and business environment in order to increase investment.
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The total capital of investment of the city in 2015 reached 353 trillion VND, up 12.6% compared with 2014.
Despite these positive improvements, the investment environment was less competitive with other localities across the country, Nam said.
So, according to deputy director Tran Ngoc Nam, in 2016 Hanoi will concentrate on promoting administrative reforms and improving the processes of planning, investment and building to support businesses. The top priority is on reform in areas of planning, investment, land, building, certificate of business registration, investment licenses.
The city will strengthen trade promotion activities to attract more domestic and foreign investment, he said, adding that Hanoi will develop measures to solve obstacles facing investors.
Hanoi People's Committee said that the city attracted 1.4 billion USD in foreign direct investment (FDI) in 2015. FDI disbursements saw a year-on-year increase of 8% to an estimated 1.1 billion USD.
In the period 2016-2020, the city will focus on attracting investments in infrastructure construction development, establishment of hi-tech and biological parks, as well as support industries.
Other sectors including hi-tech agriculture, production of new materials, trade and tourism, health care, training and education will be prioritised for seeking investment in the coming years.
