Hanoi to attract 180 million USD into IZs in 2010

Hanoi plans to attract around 180 million USD into its industrial zones (IZs) this year, according to the Hanoi IZs and Export-Processing Zones Management Board (HIEMB).
Hanoi plans to attract around 180 million USD into its industrial zones (IZs) this year, according to the Hanoi IZs and Export-Processing Zones Management Board (HIEMB).

The city will facilitate businesses’ operation to help them post an increase of 11-13 percent in revenues and a rise of 12-13 percent in export value compared to last year.

To reach these goals, the HIEMB has been speeding up investment promotion to present Hanoi ’s industrial development potentials and its incentives to investors alongside simplifying administrative procedures and upgrading infrastructure.

In 2009, the HIEMB licensed and approved capital adjustments for 16 domestically-invested projects worth 728 billion VND and 27 foreign-invested projects with a total registered capital of 91.4 million USD.

Hanoi’s IZs have so far attracted 508 investment projects, including 240 foreign-invested investments with a total registered capital of over 3.5 billion USD and 268 domestically-invested investments worth over 11 trillion VND (595 million USD)./.

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