Ha Noi leads in six-month FDI attraction for first time

TIN LIÊN QUAN
	Vietnam attracts US$8.06 billion in FDI in Jan-Apr
	PM joins round-table discussion with international firms

He made the statement at the annual conference “Ha Noi 2018 – Investment and Development Cooperation” in the capital city which saw the presence of Prime Minister Nguyen Xuan Phuc.

During the conference, the Ha Noi People’s Committee presented investment decisions and licenses for 71 projects with a total investment of 397.33 trillion VND (over 17 billion USD, including 11 FDI projects, worth more than 5.428 billion USD.

The annual conference “Ha Noi 2018 – Investment and Development Cooperation” is held on June 17. (Photo: VNA)

The event also saw the signing of 24 memoranda of understanding between Hanoi and other localities, Hoa Lac Hi-tech Park and domestic and foreign investors for cooperation in multiple fields with a combined investment estimated up to 70 trillion VND (approximately 3 billion USD).

In the time ahead, Ha Noi and provinces in the northern key economic region, Red River Delta, and Ha Noi Capital Region will continue giving priority to and calling for more hi-tech projects that promote the use of new technologies and renewable energy, alongside projects that boost regional linkages and cooperation, Chung noted.

The city also prioritised projects to build affordable homes for low-income workers and others in the fields of waste treatment; hi-tech agriculture; slaughtering and processing of livestock and poultry; animal husbandry; processing of agricultural, forestry, and aquatic products; education; manufacturing and support industries, he said.

In the next few years, Ha Noi plans to foster a knowledge economy and the application of information technology; actively take part in and seize opportunities from Industry 4.0 to improve productivity and develop new industries; and turn the city into a hub for start-ups and a smart city, he added.

In addition, the city will further enhance the local business climate, accelerate public administrative reforms and infrastructure development, adopt new policies to support enterprises and develop the city as the country’s centre of high-quality services. It will work to improve local living standards, in terms of water supply, use of green energy, waste treatment and air quality in a bid to ensure green and sustainable development.

FDI from the US into Vietnam remains modest At many political and economic events, American officials and businesses all have said that they believe the US would be the top investor in Vietnam ...

FDI sector significantly contributes to Vietnam’s economy The foreign direct investment (FDI) sector has become an important part in Vietnam’s economy, with remarkable contributions to the country’s socio-economic development.

FDI firms prefer commercial dispute arbitration As many as 40 percent of foreign direct investment (FDI) enterprises choose to use commercial arbitration in cases of disputes, rather than going to court, ...