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Official Gazette

Tuesday, May 21, 2019

Hanoi commits open, transparent environment for investors

Updated: 11:42’ - 25/08/2015
The Hanoi People’s Committee on August 24 announced that it would focus on promoting investment in industry, trade and services, social infrastructure and agro-forestry besides offering best incentives to investors.

The announcement was made during a conference on investment promotion for Hanoi City 2015, which aims to advertise the city's investment climate and opportunities to domestic and foreign investors.

The Hanoi People's Committee on August 24 held a conference on investment promotion of Hanoi City 2015__Photo:

Mayor Nguyen The Thao said Hanoi would focus on attracting investment in industries to promote technology transfer, create jobs and increase exports as well as train human resources and develop infrastructure facilities, support industries and high-quality services.

He said the city was committed to create a transparent and open investment climate and seek solutions to handle obstacles facing investors for them to feel secure to do business in the capital.

 The conference was told that the city would also call for investment in building economic zones and industrial complexes, with priority given to large-scaled projects that are less labor intensive and are environment-friendly, have high technological content and high added value.

Investors would be encouraged to invest in public transport and railway systems and telecoms and wastewater networks in addition to entertainment areas.

The city would adopt policies to spur finance and banking, logistics, posts and telecommunications, healthcare, culture, education and training, and other service sectors.

In agro-forestry sector, the city would encourage investment in biotechnology, high-tech agriculture and animal husbandry research.

Do Nhat Hoang, Director of the Foreign Investment Agency, proposed Hanoi to clear obstacles in ground clearance and shorten the time for issuance of investment certificates in order to further attract foreign investment.
Up to date, Hanoi had attracted more than 3,300 foreign-invested projects with a total investment of over USD 26.5 billion, ranking third among 63 cities and provinces nationwide. (VNS/VLLF)

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