HN sets three priorities for FDI attraction


VGP – The local authorities have figured out three fields for investment priorities,  namely urban technique infrastructure development, processing, and high value-added services.

Illustration photo

Temporary FDI champion

At the Conference on 30 years of FDI attraction which was held on October 4 in Ha Noi, Chairman Chung said that Ha Noi has become an increasingly super metropolis. Ha Noi has become one of the leading destinations in FDI attraction. 

As of September, 2018, the city was home to 4372 projects worth over US$ 33 billion. 

In the period between 2016 and the first six months of 2018, the Capital absorbed US$ 12.4 billion, equivalent to 59% of total social investment capital in the 1986/2015 period. 

Chairman Chung reported that with over US$ 6.2 billion of investment, Ha Noi temporarily led the country in FDI attraction. 

FDI accounted for 10-15% of total social investment; serving to assist the Capital in integrating into the global economy; participating in the regional production chain; diversifying export products; generating over 270,000 jobs; creating more competitiveness. 

The FDI sector also contributed to converting Ha Noi into an urban center of civilization and modernization with modern trade and service projects and one of Top 10 fastest growing tourism cities in the world. 

Expanding connectivity 

Chairman Chung said that Ha Noi would continue to attract domestic and foreign investment by expanding close coordination with other cities and provinces with a view to eliminating scattered investment and building a scientific technology ecosystem. 

Specifically, the city will develop fields of priorities including urban infrastructure development (smart transport, water supply, sewage treatment); processing (agro-forestry-fishery sector and food); high added value service (IT, biology, tourism, trade, education, healthcare, logistics).

The city will continue to cooperate with other provinces and cities to perfect the business and investment environment; shake hands with businesses; and serve  businesses and citizens./.  

By Kim Loan