Illustrative Image (Source: VNA)

Hanoi (VNA) – Hanoi has set a target of earning about 12.7 billion USD from exports in 2018, a rise of about 8 percent over the previous year.

To this end, the capital city will continue speeding up administrative reform, focusing on strengthening IT application in administrative procedure settlement.

Meanwhile, the city will design policies to improve production and exports, while enhancing competitiveness of local enterprises and foster labour supply-demand connections, and attracting more investment in infrastructure development and services.

The municipal People’s Committee has assigned the Hanoi Department of Taxation to coordinate with relevant agencies to implement projects in modernising tax management and applying IT in all stages and steps of tax management in order to create favourable conditions for enterprises, ensuring transparency and reduce cost.

The Hanoi Customs was asked to pilot a management and supervision system of goods transported through Noi Bai International Airport, measure clearance time for import-export goods, and conduct a survey on enterprises’ satisfaction in 2018.

The city will also issue certificates of origin (C/O) through its online public services, while joining the national and ASEAN one-door mechanism in granting C/O in line with commitments of the Government to ASEAN.

The city will also apply measures to increase business’ access to credit by connecting them with banks and credit institutions, while holding training courses to upgrade enterprises with information on foreign markets, free trade agreements and new policies and laws related to import-export activities.

As of the end of the first quarter of 2018, Hanoi’s industrial production expanded 8.5 percent, a rise of 3.4 percent year on year. Total retail and service revenue was estimated at 617.49 billion VND (27.16 million USD), up 12.4 percent year on year. The city’s exports fetched 155 million USD, up 16.9 percent year on year, while social investment attraction rose 9.5 percent.

At the same time, foreign arrivals to Hanoi hit 1.13 million.-VNA