Capital perfects investment environment


VGP – The Capital City of Ha Noi plans to attract about US$ 10-13 billion of FDI in the 2019-2020 period including US$ 5 billion in 2019. The local authorities will take specific measures to perfect the investment environment. 

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In the socio-economic development plan in the 2018-2020 period, the city selected three breakthroughs including administrative reform, infrastructure, and high-quality manpower. Especially, regarding the administrative reform, Ha Noi regarded smart city as a momentum for economic growth and international integration for the following years. 

The city also defined fields of FDI attraction namely transport, smart urban areas, water supply and sewage treatment infrastructure, as well as the environment. 

In addition, the city clearly defined key markets and FDI providers including the EU, the EU, Japan, and the Republic of Korea. Hence, the city regularly conducted investment and tourism promotion activities.  

In 2019, the city will continue to speed up the administrative reform; cut time for investment registration licenses; research one-stop-shop mechanism for granting investment and business registration licenses. 

The local authorities will resolve difficulties for investment projects; handle obstacles in planning, site clearance, and related issues. 

The city will also amend and perfect relevant investment regulations to speed up progress of granting investment permits and attract large-scale projects./.  

By Kim Anh