Pci

Hanoi considers the favorable business environment a major contributor to a speedy economic recovery in the post-pandemic period.

Hanoi identified the satisfaction of enterprises and citizens as the gauge of the city’s governance, said Chairman of the Hanoi People’s Committee Nguyen Duc Chung.

Administrative reform has been a breakthrough for Hanoi in fulfilling socio-economic development targets.

This would result in income per capita of VND136 million (US$5,871), significantly higher than Vietnam’s GDP per capita of US$3,000 in 2016 – 2020 and an estimated US$4,688 in 2021 – 2025.

Hanoi maintained its top spot in terms of foreign direct investment (FDI) attraction nationwide for the second consecutive year, recording a 30-year high of US$8.05 billion.

This would result in total accumulated foreign capital to Hanoi at US$42 billion in 5,300 ongoing projects.