Hanoi vows to create a favourable investment climate in line withglobal integration to lure more foreign investment, especially capitalfrom EU businesses.
The pledge was made byChairman of the municipal People’s Committee Nguyen The Thao at aFebruary 20 meeting with representatives from EU corporations currentlyoperating in the country like HITC-Schmidt, Mercedes-Benz, Siemens andIMG.
The city has exerted efforts to collaboratewith agencies and other local authorities to remove red tape related toinvestment permission and further attract foreign-invested projects,stressed the chairman.
Hanoi has seen boomingeconomic growth in recent years and absorbed large foreign-investedprojects thanks to its policy of openness and fostering connections withmore than 100 capital cities around the world.
The city has grasped a number of economic and trade cooperationopportunities with the EU in both bilateral and multilateral directions.
It has 2,727 valid FDI projects operating inproperty, communications, the processing industry and entertainment,with a total registered capital of 21.9 billion USD.
Of which, 290 projects were invested by 19 EU member countries, wortha sum of 2.61 billion USD. France recorded the highest investment with68 projects, followed by Germany with 44 projects and Denmark, 42projects.
EU businesses in Hanoi made combinedrevenues of 25.7 trillion VND (over 1.2 billion USD) between 2012 and2013, contributing nearly 1.78 trillion VND (83.66 million USD) to thelocal budget.
In the coming time, the city willcontinue to draw foreign investment to the prioritised fields of hightechnology, education and healthcare, asserted the municipal leader atthe event.
As for EU nations, their prioritieslie in other fields such as quality services, economy, electronics,high-class resorts, and treatment for environmental pollution, heaffirmed.-VNA
The pledge was made byChairman of the municipal People’s Committee Nguyen The Thao at aFebruary 20 meeting with representatives from EU corporations currentlyoperating in the country like HITC-Schmidt, Mercedes-Benz, Siemens andIMG.
The city has exerted efforts to collaboratewith agencies and other local authorities to remove red tape related toinvestment permission and further attract foreign-invested projects,stressed the chairman.
Hanoi has seen boomingeconomic growth in recent years and absorbed large foreign-investedprojects thanks to its policy of openness and fostering connections withmore than 100 capital cities around the world.
The city has grasped a number of economic and trade cooperationopportunities with the EU in both bilateral and multilateral directions.
It has 2,727 valid FDI projects operating inproperty, communications, the processing industry and entertainment,with a total registered capital of 21.9 billion USD.
Of which, 290 projects were invested by 19 EU member countries, wortha sum of 2.61 billion USD. France recorded the highest investment with68 projects, followed by Germany with 44 projects and Denmark, 42projects.
EU businesses in Hanoi made combinedrevenues of 25.7 trillion VND (over 1.2 billion USD) between 2012 and2013, contributing nearly 1.78 trillion VND (83.66 million USD) to thelocal budget.
In the coming time, the city willcontinue to draw foreign investment to the prioritised fields of hightechnology, education and healthcare, asserted the municipal leader atthe event.
As for EU nations, their prioritieslie in other fields such as quality services, economy, electronics,high-class resorts, and treatment for environmental pollution, heaffirmed.-VNA
