Hanoi investment conference brings in $3.25bil.

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 at the conference themed “Hanoi 2017 – Investment and Development Cooperation”.

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

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

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

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

He added that in the time ahead, Hanoi prioritises attracting investment projects using high and new technologies and clean energies, 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 Nguyen Xuan Phuc urged Hanoi to take effective action and carry out measures to connect businesses and attract the involvement of residents and both domestic and international enterprises in building the city.

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

In the year, nearly 440 trillion VND (19.36 billion USD) was poured into investment projects in the locality.

VNA