Capital continues to boost investment attraction

The 19th session of the Executive Board of the Ha Noi Party Committee (the 16th tenure) – Photo: VGP/Gia Huy

Leading national FDI attraction 

At the 19th session of the Executive Board of the Ha Noi Party Committee (the 16th tenure), Vice Chairman of Ha Noi municipal People’s Committee Nguyen The Hung reported that GRDP grew 7.21%, higher than the rate of 7.15% in the same period last year.

In the January-June period, FDI attraction was estimated US$ 5.416 billion. Ha Noi was the largest FDI recipient with 388 new projects with US$ 704 million of registered capital. Meanwhile, 95 projects got additional US$ 312 million of capital. Foreign investors spent US$ 4.4 billion to buy shares in 612 projects. 

Japan was the biggest FDI provider with US$ 10.24 billion; followed by Singapore with US$ 6.6 billion; the Republic of Korea with US$ 5.52 billion; and Malaysia with US$ 5.52 billion. 

In the first half, the service sector expanded 6.66%. Total retail sales of goods and services surged 10.7%. 

The city welcomed 14.4 million visitors, presenting a year-on-year growth of 9.5%. 

Reforming administrative procedures

The local administrative reform was accelerated. Administrative disciplines were consolidated. 

The Provincial Governance and Public Administration Performance Index (PAPI) ranked 54th in 2018, up two notches against 2017. 

The Public Administration Reform Index 2018 (PAR INDEX) was placed at the second position out of 63 provinces and cities. 

The SatisfactionIndex of Public Administration Services (SIPAS) picked up 16 steps against 2017. 

Improving low PCI

To fulfill the preset goal of 7.4-7.6% for 2019, in the rest of the year, the city will have to attain a growth rate of 7.6-8%. 

The local authorities will take drastic measures to fulfill the uncompleted norms including industry, agriculture, service, export, and rural water supply.

The city will take effective steps to improve the investment and business environment and raise competitiveness; generate fairly competitive environment; offer stable land assessment. 

As planned, the city will host an investment promotion conference in 2019 to lure more investment./.

By Khanh Phuong