16:23 | 14/09/2015 Investment
(VEN) - Hanoi People’s Committee Chairman Nguyen The Thao said that the city would focus on attracting investment in the industry and construction, high-quality services and agro-forestry sectors.
According to Nguyen The Thao, Hanoi would promote development and improve capacity of key industrial sectors such as support industries, information technology, biotechnology, high-tech, microelectronic industry and source technology from developed countries; and focus on attracting foreign direct investment capital in those sectors.
Hanoi will focus foreign capital on the development of economic zones and industrial zones and clusters, prioritize investment in large-scale, high-tech, clean technology and environmentally-friendly projects, encourage investment attraction in projects to improve urban transport and railway systems and public transport, modernize telecommunications network, water supply and drainage systems, wastewater treatment system, and develop ecologic urban areas, shopping centers and amusement parks based on international standards, contributing to providing the foundations for the sustainable development of the city.
He also said that the city would devise policies to promote development of high-quality services such as banking, finance, trade, logistics, post and telecommunications, health, culture, education, training and other services, attract investment in medical examination and treatment, and construct high-quality universities and high-level resorts meeting international standards.
Regarding agro-forestry, Hanoi will encourage investment attraction in biotechnology, high-tech agricultural production and high-quality crop and livestock processing and production.
To promote investment attraction in key sectors set out by the city, Hanoi People’s Committee has asked departments and agencies to focus on supporting businesses and investors in terms of legal advice, market information and labor recruitment and training and adopting new business strategies. “The city will strive to create a transparent environment in accordance with international integration process, implement a series of solutions to support and overcome difficulties for investors and create the most favorable conditions for businesses,” Nguyen The Thao said.
Hanoi has seen positive results in investment activities in recent years. Total development capital had reached more than VND1,400 trillion during the 2011-2015 period and foreign investment had played an important role. The Ministry of Planning and Investment’s Foreign Investment Agency Director Do Nhat Hoang said that foreign direct investment in Hanoi ranked third among the 63 cities and provinces throughout the country. By the end of July 2015, Hanoi had 3,209 projects with total registered capital of up to US$24.048 billion. Of which, 162 projects were newly granted with total capital of US$96.4 million, while 30 projects added capital for the value of US$110.68 million, mainly focused on accommodation and food services.