HN commits to improving investment environment
VGP – In 2017, the local authorities of Ha Noi will improve the investment and business environment, enable business start-up, and promote growth.
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Record economic growth in six years
In 2016, the Ha Noi local authorities pledged to take the lead in improving the business and investment environment.
Total registered capital of non-state budget investment touched nearly VND 424 trillion (US$ 18.9 billion), of which domestic capital valued VND 162 trillion (US$ 7.1 billion); FDI capital was US$ 2.8 billion (up 2.6 times against 2015; business registration capital was estimated at VND 203 trillion (US$ 9 billion). Total social investment capital was estimated at VND 278 trillion, up 10% against the same period last year.
Ha Noi’s Provincial Competitiveness Index (PCI) ranked 24th out of 63 provinces and cities, up 2 steps against the same period last year.
State budget collection was projected at over VND 173 trillion, meeting 102.6% of estimate.
Local budget spending was VND 74 trillion or 101% of forecast.
Consumption price index (CPI) was estimated to surge 3.01-3.07%.
Total Gross Regional Domestic Product (GRDP) was estimated at 8.03%, the record high over the last six years. Service sector expanded 8.1%; industry-building (up 8.8%), agriculture (2.21%).
Six groups of solutions for 2017
In 2017, Ha Noi will continue to improve the investment and business environment; encourage business start-up; develop businesses; and promote growth.
The local authorities committed to promoting the administrative reform; reinforcing discipline; exercising thrift practice; and preventing corruption.
The city will focus on six groups of tasks and measures especially economic development, business start-up, and growth.
The city will improve the business and investment environment; improve competitiveness; better PCI performance; remove business obstacles; promote business start-up and innovation.
Ha Noi will implement preferential policies on tax, credit, land allocation; encourage high-tech application, auxiliary industries; agricultural consumption.
In addition, the local authorities will renovate and improve market forecast competence; promote trade promotion; beef up export./.
By Kim Anh
