A corner of Hanoi (Photo: VNA) According to local authorities, this is the result of thecity’s efforts to ensure an open and smooth investment and business environment andadministrative procedures.
Vice Director of the municipal Department of Planning andInvestment Nguyen Ngoc Tu said that since the beginning of this year, the cityhas applied various measures to speed up socio-economic recovery anddevelopment.
As a result, it has seen increases in many economicindicators in the January-July period, including budget collection of 213.16trillion VND (9.11 billion USD), fulfilling 68.4% of its yearly target, and equivalent to 116% ofthe figure recorded in the same period last year.
At the same time, the city’s export revenue reached 9.84billion USD, up 17.2% year on year, including 5.43 billion USD from thedomestic sector and 4.4 billion USD from the FDI sector.
Meanwhile, the city’s index of industrial production (IIP) rose7.2%, with the processing-manufacturing sector increasing 7.5%.
Total retail sales of goods and services in the city reachednearly 397 trillion VND, up 22% year on year.
In the first seven months of this year, the capital citywelcomed 337,000 foreign visitors, doubling that in the same period in 2021.
Since 1987, the city attracted about 67.81 billion USD inFDI. In the 2016-2019 period, Hanoi enjoyed a breakthrough growth in FDIattraction with 26.5 billion USD, becoming the leading locality in the field in2018 and 2019.
In 2020, the city managed to lure 3.83 billion USD of FDI,ranking third among 63 cities and provinces nationwide, despite the impact of the COVID-19 pandemic.
Last year, due to strict social distancing measures induced by a serious wave of COVID-19, Hanoi only attracted 1.52 billion USD,ranking sixth.
But FDI flows into the city recovered strongly in the first seven monthsof this year, with 979.7 million USD poured into 201 new and 109 underwayprojects as well as 242 capital contribution deals.
In the first seven months of this year, Hanoi attracted 979.7 million USD in FDI (Photo: VNA) Tu said that in the time to come, Hanoi will continue to take strong actions to improve its business and investment environment, making it moretransparent and fair to ensure successful and sustainable development of enterprises,contributing to the development of the city and the country as a whole.
Last year, the city issued a plan on the completion ofinstitutions and policies to enhance the quality and effectiveness of foreigninvestment cooperation until 2030.
Under the plan, the city aims to attract foreign investmentin line with sustainable development targets.
The city will prioritise high quality projects with productshaving high added value and high competitiveness, focusing on urbaninfrastructure development, smart city building, information technology,development research, tourism, financial-banking, human resources training,high-tech agriculture, and safe food.
Investment promotion work will be reformed for better effectiveness inassociation with promotion of trade, tourism, external relations and culture activities.The city has defined targeted markets to introduce its potential andadvantages,.
At the same time, Hanoi will strengthen the application of informationtechnology in processing administrative procedures related to business andinvestment registration, tax, insurance and land.
It will make public all planning of sectors and regions aswell as land use plans through various forms, thus ensuring that all businesses can easily access information necessary for making investment decisions./.
VNA
