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Hanoi investment conference brings in trillions of VND

Hanoi presented decisions approving investment proposals and investment licences for 48 projects with total registered capital of over 74 trillion VND (3.25 billion USD) on June 25.
Hanoi investment conference brings in trillions of VND ảnh 1Hanoi 2017 - Investment and Development Cooperation Conference (Source: VNA)
Hanoi (VNA) – Hanoi presented decisions approving investmentproposals and investment licences for 48 projects with total registered capitalof over 74 trillion VND (3.25 billion USD) on June 25 at the conference themed“Hanoi 2017 – Investment and Development Cooperation”.

At the conference, which attracted representatives from 50countries and territories and more than 600 domestic and foreign investors, thecity and investors also signed 15 memoranda of understanding worth nearly 135trillion VND (5.94 billion USD).

Speaking at the event, Secretary of the municipal PartyCommittee Hoang Trung Hai affirmed that Hanoi leaders are aware that the key tothe city’s development is to side with enterprises, while considering privateeconomy is a driving force for its economic restructuring.

Chairman of the municipal People’s Committee Nguyen DucChung said that Hanoi will take the lead in implementing the Government’sinstructions and in building a service administration.

Hanoi always welcomes and wants to cooperate with allinvestors, businesses, associations, and localities inside and outside Vietnamto boost sustainable development, Chung said.

He added that in the time ahead, Hanoi prioritisesattracting investment projects using high and new technologies and cleanenergies, with a focus on such fields as satellite urban areas, urban railways,belt roads, and car parks.
To attract more investors and talent, Prime Minister NguyenXuan Phuc urged Hanoi to take effective action and carry out measures toconnect businesses and attract the involvement of residents and both domesticand international enterprises in building the city.

He highlighted Hanoi’s efforts to improve its investment-businessenvironment in the past years, with the city’s provincial competitiveness index(PCI) jumping 10 spots, ranking 14th out of 63 provinces and cities – itshighest ever ranking, while its index of public administrative reform alsoclimbed 6 spots.

In the year, nearly 440 trillion VND (19.36 billion USD) waspoured into investment projects in the locality.-VNA
VNA

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