Hanoi is determined to improve its performance in 2013 following itssharp fall in the provincial competitiveness index (PCI) last year.
The capital city dropped 15 places to the 51 st position in theCPI ranking in 2012, due to complaints about its cumbersomeadministrative procedures, poor management of the real estate market,lack of adequate supports for the business community and labourers andweak FDI attraction.
Nguyen The Thao, Chairman of the municipalPeople’s Committee, has requested relevant agencies to clarify thecauses behind those problems and work out measures to address them thisyear.
He said the city will take drastic and strictmeasures to restore its economic growth, tackle difficulties forbusinesses and boost production and trade.
Thereare seven measure groups in focus, namely supporting the market, dealingwith goods in inventory; facilitating access to capital to boostproduction and trade; effectively implementing fiscal policies; solvingdifficulties in the real estate market; improving investment, productionand trade environment; enhancing information campaigns through the massmedia and establishing a steering committee for the measures.
In particular, Hanoi will spare no efforts to improve the qualityof public services and speed up the reform of procedures in investment,land, credits, taxation, customs and business registration.
The city has organised two dialogues between the authorities, banksand businesses in the locality to listen to investors’ needs anddemands.
Since the beginning of the year, the capital haswitnessed positive economic signs. In Q1, the gross regional domesticproduct (GRDP) expanded 7.5 percent from the same period last year, withservice and agricultural sectors reporting improvements.
However, industry and construction plunged and the real estate marketshowed no signs of recovery. A number of construction projects havebeen delayed or rescheduled.-VNA
The capital city dropped 15 places to the 51 st position in theCPI ranking in 2012, due to complaints about its cumbersomeadministrative procedures, poor management of the real estate market,lack of adequate supports for the business community and labourers andweak FDI attraction.
Nguyen The Thao, Chairman of the municipalPeople’s Committee, has requested relevant agencies to clarify thecauses behind those problems and work out measures to address them thisyear.
He said the city will take drastic and strictmeasures to restore its economic growth, tackle difficulties forbusinesses and boost production and trade.
Thereare seven measure groups in focus, namely supporting the market, dealingwith goods in inventory; facilitating access to capital to boostproduction and trade; effectively implementing fiscal policies; solvingdifficulties in the real estate market; improving investment, productionand trade environment; enhancing information campaigns through the massmedia and establishing a steering committee for the measures.
In particular, Hanoi will spare no efforts to improve the qualityof public services and speed up the reform of procedures in investment,land, credits, taxation, customs and business registration.
The city has organised two dialogues between the authorities, banksand businesses in the locality to listen to investors’ needs anddemands.
Since the beginning of the year, the capital haswitnessed positive economic signs. In Q1, the gross regional domesticproduct (GRDP) expanded 7.5 percent from the same period last year, withservice and agricultural sectors reporting improvements.
However, industry and construction plunged and the real estate marketshowed no signs of recovery. A number of construction projects havebeen delayed or rescheduled.-VNA
