Chairman of the municipal People’s Committee Nguyen Duc Chung (R) and Nakamuara Tetsunosuke, President of the Vietnam–Japan Friendship Association in Osaka province (Source: VNA)
Hanoi (VNA) - Hanoi is offering incentives for enterprises, particularly those from Japan, to apply advanced technologies in waste treatment in the capital, said Chairman of the municipal People’s Committee Nguyen Duc Chung.
At a reception for Nakamuara Tetsunosuke, President of the Vietnam–Japan Friendship Association in Osaka province, Japan on August 3, Chung affirmed that Hanoi is seeking urgent solutions to waste and waste water treatment, one of the key tasks in the next five years.
The incentives include a 50 percent discount in land rental fees, an 11-year exemption from business income tax, along with other support for Japanese workers in the city, according to Chung.
Hanoi has developed a relatively complete traffic infrastructure including a highway network, and also Noi Bai international airport, facilitating its connection with other provinces nationwide and countries in the world, Chung added.
The capital city also calls for investment in transport development, including eight urban railways, belt-ring roads and bridges, as well as in clean agricultural product processing and tourism, he said.
The municipal leader expressed his admiration of the achievements Japan has made as well as the support the country has provided for Vietnam.
Hanoi has attracted approximately 24 billion USD in foreign direct investment, including 15 billion USD from Japan in 600 projects, according to Chung.
One of the big Japanese-funded projects in the locality is a clean water plant with a daily capacity of 270,000 cubic metres, to be completed in 2019, Chung said.
The same day, the Japanese delegation met Chairman of the municipal People’s Council Nguyen Thi Bich Ngoc, who called on Hanoi and Osaka to expand their investment cooperation, and strengthen experience sharing in legislation and human resources training.-VNA