Hanoi Licenses $17.5 Billion Projects, Pledges More Business-friendly Policies

Minh Anh

11:24 17/06/2018

BizLIVE - The Hanoi government will grant investment licenses to projects worth more than $17 billion on Sunday morning while vowing to issue more incentives to make it a business-friendly destination.

Hanoi Licenses $17.5 Billion Projects, Pledges More Business-friendly Policies

PM Nguyen Xuan Phuc attends the conference. Photo: Thanh Chung/VGP

The Hanoi People’s Committee is expected to hand over investment certificates to 71 projects having a combined capital of 397.33 trillion dong ($17.5 billion) at an annual investment promotion event on June 17 morning.
Of the sum, as many as 11 foreign-invested projects worth 130.06 trillion dong ($5.4 billion) and 60 projects with a combined value of 267.27 trillion dong by domestic investors will receive licenses at the event titled “Hanoi 2018 – investment cooperation and development”.
Those figures will enable Hanoi to emerge as the second-largest city in Vietnam in attracting foreign direct investment (FDI), said Mayor Nguyen Duc Chung.
The local government will give priority to and call fall investment in projects applying high-tech, new technologies, clean energy, waste treatment and those enhancing regional linkages, among others, Chung added.
At the event, Hanoi announced a portfolio comprised of 553 projects that it is calling for investment in. The projects embrace infrastructure, commerce, tourism, safe and hi-tech agriculture, and real estate fields.
In a bid to make Hanoi more attractive to do business, the mayor said the city has proposed offering free charge of fees related to business establishment procedures.

MINH ANH

Từ khóa: Hanoi