Hai Phong vows to strongly improve business climate for investors
During the investment promotion conference in the northern coastal city of Hai Phong on September 19, the city’s leaders committed to strongly improving the investment and business climate in order to lure more investors to the locality.
Prime Minister Nguyen Xuan Phuc attended an investment promotion conference in the northern coastal city of Hai Phong in 2016, themed "Hai Phong - a destination for investors", with the participation of nearly 200 businesses, domestic and foreign investors.
The Prime Minister (PM) hailed the city's achievements in attracting investment. Accordingly, as of September 12, Hai Phong drew over 2.7 million USD in foreign direct investment (FDI), five times higher than that of the same period last year, becoming the leading locality nationwide in FDI attraction.
PM Phuc also praised the locality in transforming from "brown economy" to a "green economy", and removing the factories of shipyard and cement out of the city center to ensure better environment for local residents.
The Government leader highlighted Hai Phong’s advantages for socio-economic development, while praising the city’s great achievements in investment attraction, especially FDI.
The Government welcomes and appreciates investors’ business and investment in Hai Phong, he stressed, expressing his hope that investors will expand their activities in the city.
PM Phuc assured that the Government will try the best efforts to stablise the macro economy, curb inflation and maintain economic growth, and continue to create the most favourable condition for long-term business of investors and enterprises in Vietnam.
He also called on investors to pour money into the city, especially in production, business, tourism and services.
The Government wants investors to pay more attention to ensure environment and culture-related issues in their investment process, he stressed.
During the conference, the city’s leaders committed to strongly improving the investment and business climate in order to lure more investors to the locality.
At the conference, the municipal People’s Committee announced a decision to set up an investment, trade and service promotion centre, which will serve as a bridge connecting the local authorities and businesses. The model is expected to help create a convenient and transparent investment climate for investors, promote administrative reform and deal with difficulties facing enterprises in the city.
On the occasion, representatives from the committee presented investment licences to LG Innotek Co., Ltd of the Republic of Korea and Flat Group of Hong Kong, which will respectively conduct a 550 million USD project in the Trang Due industrial park (IP) to manufacture electronics and camera modules, and invest 200 million USD in a solar-energy glass project in the Dinh Vu IP.
The municipal People's Committee and the Vietnam Chamber of Commerce and Industry (VCCI) signed a commitment to creating a favorable business environment for enterprises.
Prime Minister Nguyen Xuan Phuc speaks at the conference.
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PM Phuc also praised the locality in transforming from "brown economy" to a "green economy", and removing the factories of shipyard and cement out of the city center to ensure better environment for local residents.
The Government leader highlighted Hai Phong’s advantages for socio-economic development, while praising the city’s great achievements in investment attraction, especially FDI.
The Government welcomes and appreciates investors’ business and investment in Hai Phong, he stressed, expressing his hope that investors will expand their activities in the city.
PM Phuc assured that the Government will try the best efforts to stablise the macro economy, curb inflation and maintain economic growth, and continue to create the most favourable condition for long-term business of investors and enterprises in Vietnam.
He also called on investors to pour money into the city, especially in production, business, tourism and services.
The Government wants investors to pay more attention to ensure environment and culture-related issues in their investment process, he stressed.
The Prime Minister meets with investors at the event.
|
At the conference, the municipal People’s Committee announced a decision to set up an investment, trade and service promotion centre, which will serve as a bridge connecting the local authorities and businesses. The model is expected to help create a convenient and transparent investment climate for investors, promote administrative reform and deal with difficulties facing enterprises in the city.
On the occasion, representatives from the committee presented investment licences to LG Innotek Co., Ltd of the Republic of Korea and Flat Group of Hong Kong, which will respectively conduct a 550 million USD project in the Trang Due industrial park (IP) to manufacture electronics and camera modules, and invest 200 million USD in a solar-energy glass project in the Dinh Vu IP.
The municipal People's Committee and the Vietnam Chamber of Commerce and Industry (VCCI) signed a commitment to creating a favorable business environment for enterprises.
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Read The Hanoi Times to stay up to date on developments in Vietnam.
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