Ha Noi’s annual investment promotion conference slated for June 27
VGP – The “Ha Noi 2020 – Investment and Development Cooperation” conference is scheduled to take place at the National Convention Center on June 27, expecting to gather 1,400-1,500 delegates, including economic experts, investors and businesses both at home and abroad.
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| The “Ha Noi 2020 – Investment and Development Cooperation” conference i |
The municipal People’s Committee has recently issued Plan No. 119/KH-UBND on the organization of the city’s annual investment promotion event, with the implementation responsibility being assigned to the Ha Noi Investment, Trade and Tourism Promotion Center (HPA).
The organization of the conference after the COVID-19 pandemic has been controlled and basically pushed back sends a strong message on the efforts of Ha Noi in particular and of Viet Nam as a whole to lure investment resources from domestic and foreign enterprises, especially foreign direct investment (FDI) capital.
In addition, it affirms that Ha Noi is a safe and stable destination for investors.
Through the event, Ha Noi continues to show its determination to be the leading locality in post-pandemic economic recovery and development.
This is also a radical solution to boost the city’s administrative procedure reform and further improve its business environment to call for investment, towards the goal of achieving a GRDP growth rate 1.3 times higher than the GDP growth rate of the whole country and fulfilling the assigned budget revenue estimate in 2020.
At the conference, Ha Noi will report on its investment attraction and socio-economic performances in the 2016-2019 period, while continuing to call for investment in the city in the following years.
The Ha Noi People’s Committee requests that the conference be organized in a practical, effective and safe manner, with COVID-19 prevention measures taken.
In addition, the organizing units are asked to develop the agenda of the conference and organize the grant of decisions adjusting the investment plans for projects at the event in accordance with regulations.
Chairman of the Viet Nam Chamber of Commerce and Industry (VCCI) Vu Tien Loc said the growing trend of FDI to Ha Noi demonstrate the local authorities‘ efforts to reform administrative procedures and ensure a favorable investment environment.
Director of Ha Noi’s Department of Planning and Investment Nguyen Manh Quyen said in May, there were 2,024 newly established enterprises with registered capital of a combined VND24.79 trillion (US$1.07 billion).
This resulted in a total of 12,260 newly establishments in the five-month period for VND181 trillion (US$7.86 billion), down 10% year-on-year in the number but up 9% in capital, Quyen added.
By Vien Nhu
