Hanoi pledges to accompany European investors

Hanoi (VNA) – Hanoi stands ready to aid European investors and will offer them more preferential policies, said Chairman of the municipal People’s Committee Nguyen Duc Chung.

The official made the commitments at a dialogue between the European Chamber of Commerce (EuroCham) in Vietnam and the municipal People’s Committee on September 25 in the capital.

Chung reviewed Hanoi’s development since its administrative boundary expansion 10 years ago.

He told the delegates that the city is stepping up infrastructure building towards the smart city model, administrative reform, personnel training and environmental protection. 

Chung expressed his hope that these efforts will help Hanoi improve its business environment and consolidate confidence of foreign investors, including those from Europe.

European partners are leading foreign investors in Vietnam, with total investment of nearly 25 billion USD, and the continent is the country’s biggest provider of non-refundable aid, while two-way trade rose five times in 2006-2017, exceeding 50 billion USD last year.-VNA