Hanoi attracts investment for environment and consumption of agricultural products
| |
Illustrative image |
Attracting as much investment during two and a half year as the previous 29 years
According to the Hanoi municipal People's Committee, as of June 15, 2018, there were more than 4,300 foreign direct investment (FDI) projects in Hanoi, with the registered capital reaching US$33.38 billion, of which, during two years - 2016 and 2017 - and the first six months of 2018, Hanoi attracted US$12.46 billion, equal to 59% of the total investment capital attracted during the 29 years from 1986 to 2015.
At the conference “Hanoi 2018 - Investment and Development Cooperation” held last week, Hanoi handed over investment decisions and investment certificates for 71 projects with total investment capital of VND 397,335 billion (equivalent to over US$ 17 billion), including 11 FDI projects with a total investment capital of VND 130,061 billion (equivalent to US$ 5.428 billion), and 60 domestic investment projects, with total investment capital of VND 267,274 billion.
These investment projects are allocated across many fields, including agriculture (two projects, with a total investment capital of VND 275 billion); social infrastructure (10 projects, VND 5,824 billion); trade, services (18 projects, VND 41,671 billion); Urban technical infrastructure (12 projects, VND23,229 billion) and most of housing and urban areas (29 projects, VND327,532 billion).
Furthermore, in Hanoi, the provinces and cities in the region, the Hoa Lac Hi-Tech Park Management Board, along with domestic and foreign investors, have also granted 24 Memorandums of Understanding (MoU) on investment in various fields, with total investment capital of VND70,000 billion, in the near future.
With this result, Hanoi has become the second largest country in terms of attracting FDI and for the first time over the past 30 years, in the first six months of 2018 when the total FDI amounted to US$ 5,915 million, Hanoi temporarily ranked first place in the country in 2018.
Many memorandums on the environment and consumption of agricultural products signed
Twenty-four MoUs on cooperation in many fields have been signed between Hanoi and other provinces, cities in the region, and domestic and foreign investors. Especially, there are MoUs related to waste treatment, environmental pollution, processing and the marketing of agricultural products.
The Hanoi municipal People's Committee and the People's Committees of Ha Nam, Ninh Binh, Hoa Binh and Nam Dinh provinces have signed MoUs on cooperating and focusing on the treatment of environmental pollution in the Nhue-Day river basin. With the MoU, the provinces and cities will jointly carry out the programmes and overall plan for environmental protection in the Nhue-Day river basin; as well as the overall plan on strengthening, communicating and raising public awareness on inter-regional environment. Meanwhile, the provinces and cities will also strengthen the inspection, examination and coordination to settle environmental complaints and denunciations in adjacent areas. They will also implement river rehabilitation and restoration, including: the restoration, conservation of ecosystems, improvement of water quality, and the development of wetlands and the riverside ecological belt.
Hanoi and Toyo group of Japan also signed a MoU on studying and investing in the project of a waste treatment plant in Hanoi. In addition, Hanoi and Aquaone Water JSC and Aone Deutschland AG signed a MoU on building a new sewage treatment plant in the city.
In terms of environmental protection, the Hanoi municipal People's Committee, Thai Binh People's Committee, Ha Nam People's Committee, and Phu Tho People's Committee signed MoUs on technical cooperation and exchange experience in planting and maintaining the system of urban greenery / flowers in the province or city.
On agricultural products consumption, Hanoi signed a MoU with Lotte Group, Korea, on organising the Vietnam-Hanoi Agricultural Products Week at the supermarket chain Lotte, Korea.
Investment attraction plays an important role in the economic development of the capital. The development of enterprises has contributed significantly to the capital's continuous economic growth in 2016 (up 7.15 pct), in 2017 (up 7.31 pct), and the first six months of 2018 is estimated to increase (up 7.07 pct). Although many issues have been changed and overcome, as well as facing many challenges, Hanoi is also trying to follow the path of green and sustainable development.
See also

Seeking driving force for 2023 economic growth
06:00 | 01/02/2023 Economy

Intertwined opportunities, challenges for Vietnam’s economy in 2023
07:00 | 30/01/2023 Economy

Industry and trade sector drives development
06:00 | 22/01/2023 Economy

The right direction for Lam Dong to break through into the global supply chain
08:58 | 10/01/2023 Economy

Nghe An Province increases local content of industrial products
06:00 | 06/01/2023 Province

Vietnam records best-ever performance in digital economic development
16:51 | 03/01/2023 Digitalization
See more news

Vietnam looks to market forces to boost growth
06:00 | 02/01/2023 Economy

The path to fostering green exports
06:00 | 30/12/2022 Trade

Mastercard Economics Institute: Economic Outlook 2023
11:04 | 27/12/2022 Economy

Ba Vi, the place to buy Hanoi specialties
15:00 | 26/12/2022 Metropolis

Rural products fall short of potential
10:00 | 24/12/2022 Industry promotion

Mitsubishi Power to upgrade two gas turbines at Tuas Power
09:45 | 20/12/2022 Energy

Trade deals: The good, bad and unpredictable
06:00 | 20/12/2022 Trade

Industry-trade sector eases regulation
06:00 | 15/12/2022 Economy

Two 2023 growth scenarios for Vietnam
06:00 | 13/12/2022 Economy

PM: Green economic development a top priority
06:00 | 12/12/2022 Economy

Deputy FM highlights role of economic diplomacy in service of national development
11:05 | 01/02/2023 Policy

73rd anniversary of Việt Nam-Russia diplomatic ties marked
11:00 | 01/02/2023 Vietnam and EU

Mong Cai international border gate busy after Tet holiday
10:52 | 01/02/2023 Foreign trade

State-owned banks under capital increase pressure
10:52 | 01/02/2023 Finance-Banking

Vietnam plans to attract Chinese tourists
07:00 | 01/02/2023 Tourism
Multimedia

Vietnam plans to attract Chinese tourists
07:00 | 01/02/2023 Tourism

Dutch diplomat donates Vietnamese paintings to national museum
06:00 | 01/02/2023 Lifestyle

Key missions, solutions to socio-economic development in 2023
07:00 | 01/02/2023 Infographic

Cuc Phuong National Park among leading national parks in Asia
09:50 | 31/01/2023 Infographic

Tet impressive in foreign ambassadors' eyes
14:49 | 30/01/2023 Lifestyle

Deputy FM highlights role of economic diplomacy in service of national development
11:05 | 01/02/2023 Policy

Việt Nam supports expansion of UN Security Council
06:00 | 30/01/2023 Policy

Prime Minister assigns tasks to Deputy Prime Ministers
07:00 | 17/01/2023 Policy

Taking advantage of growth opportunities: Party leader
09:18 | 04/01/2023 Policy

Vietnam to reduce environmental impact of textile-garment industry by 2030
06:00 | 01/02/2023 Industry

Binh Lieu mountain region powers up
06:00 | 28/01/2023 Province

Steel industry to gradually recover in 2023
15:48 | 27/01/2023 Industry

Quang Ninh ships first tonne of coal on first day of Lunar New Year
18:16 | 23/01/2023 Energy

January FDI nears US$1.7 billion
14:46 | 31/01/2023 FDI

Viet Nam calls for more investment in green growth
16:52 | 22/01/2023 FDI

Hanoi attracts nearly US$1.7 billion in FDI in 2022
17:43 | 03/01/2023 Metropolis

FDI disbursement exceeds US$20 billion
06:00 | 01/01/2023 FDI

State-owned banks under capital increase pressure
10:52 | 01/02/2023 Finance-Banking

Positive prospects for Vietnam’s stock market this year
14:48 | 31/01/2023 Stock Market

Positive 2023 securities market forecasts
06:00 | 20/01/2023 Stock Market

Banking sector stable, but challenges abound
06:00 | 16/01/2023 Finance-Banking

Vietnam looks ahead to 2023 climate summit
06:00 | 25/12/2022 Environment

Preserving nature, facilitating business
06:00 | 10/12/2022 Environment

AkzoNobel Vietnam protects Cu Lao Xanh lighthouse against harsh weather
11:40 | 24/11/2022 Environment

JTI Vietnam commits to net zero greenhouse gas emissions
16:25 | 15/11/2022 Environment

Managed security provides IT talent gap solution for businesses in SEA
16:34 | 30/01/2023 Information technology

Headquarters of Vietnam-Korea Institute of Science and Technology inaugurated
09:23 | 30/01/2023 Science - Technology

WHO to share mRNA vaccine technology with VietNam
09:14 | 30/01/2023 Science - Technology

Welcoming the year of digital data for Vietnam
16:57 | 22/01/2023 Digitalization

PM inspects national key transport projects
09:36 | 31/01/2023 Society

A great chance to invest in commercial property
10:46 | 30/01/2023 Property

Prime Minister launches New Year tree planting festival
15:36 | 27/01/2023 Society

Vietnamese celebrate Tet overseas
09:00 | 26/01/2023 Society

Nestlé Vietnam and the journey to sustainable development
13:00 | 10/01/2023 Companies

VIMC embarks on strong recovery
06:00 | 10/01/2023 Companies

MM Mega Market launches a new modern Giá tốt business model
16:18 | 30/12/2022 Vietnamese Brands

PVCFC develops experts’ system
08:00 | 25/12/2022 Vietnamese Brands

Dutch diplomat donates Vietnamese paintings to national museum
06:00 | 01/02/2023 Lifestyle

Tet impressive in foreign ambassadors' eyes
14:49 | 30/01/2023 Lifestyle

Norwegian Ambassador experiences Vietnamese Tet traditions
06:00 | 28/01/2023 Lifestyle

Chau Ma brocade lives on
06:00 | 27/01/2023 Lifestyle

Vietnam plans to attract Chinese tourists
07:00 | 01/02/2023 Tourism

The lure of Pu Luong
06:00 | 31/01/2023 Entertainment

Tourism is back, big time
06:00 | 30/01/2023 Tourism

Trang A Chu’s unique homestay
06:00 | 29/01/2023 Entertainment