Hanoi's business support authority set up

Hanoi on August 16 launched a special task force to solve problems and assist local businesses and investors in their operations.

Workers at Rhythm Precision Vietnam Co Ltd at Noi Bai Industrial Park, Hanoi. Photo: Pham Hung/The Hanoi Times

The task force is headed by Tran Sy Thanh, Chairman of the Hanoi People's Committee. Deputy Chairmen Ha Minh Hai and Nguyen Manh Quyen are appointed as deputy heads of the unit.

The unit's members are leaders and representatives of municipal departments and management boards of industrial and processing clusters.

Depending on the topics and subjects, the unit may involve other government officials and specialists in performing its tasks.

The Department of Planning and Industry is tasked with managing administrative tasks, taking stock of the problems faced by local enterprises and investors, and providing assistance to improve their performance.

Each member of the unit, who are representative of Government agencies and organizations, must take care of their duties and ensure its smooth operation. The unit will work with local authorities and departments to solve business obstacles and consult with Government agencies to improve local business performance.

It will also help streamline administrative work and facilitate the best conditions for doing business in Hanoi.

The unit's main tasks include reviewing the business environment in all sectors, managing the implementation of public and private investment projects, and public-private partnership (PPP) projects.

In early July, Hanoi authorities adopted a resolution on the city's socio-economic growth.

According to the resolution, the capital city aims to achieve an annual growth rate of 7%. In the first half of the year, Hanoi's gross regional domestic product (GRDP) growth was 5.97%.

To meet the full-year target, Hanoi needs to grow 7.54% in the third quarter and 8.23% in the fourth quarter.

Municipal and local authorities hope to speed up budget allocations for public investment projects, especially large projects such as Ring Road No. 4.

The city also plans to take drastic measures to accelerate socioeconomic recovery and ensure sufficient financial resources for the economy and business operations.

Key priorities include ensuring an adequate electricity supply and revising regulatory documents on land use, land management and land lease.