Hanoi announces official investors for 23 key projects
At the conference on "Hanoi 2016 - Investment and Development Cooperation" held in June 4, Hanoi city granted investment licenses and certificates of investment registration to 23 projects with a total value of about 36.9 trillion VND.
The projects are both locally and foreign-owned in the fields of telecommunications, urban water supply, entertainment, housing, health, and commercial services. Seven are foreign-invested and 16 domestically-invested.
Among projects granted a license were those owned by Vietnammobile, Sugiko Group Holdings Co. Ltd, JX Nippon Oil & Energy Vietnam, and Arimi Retail Center.
Indochina Capital was also granted a license to develop a park in Cau Giay district while Vingroup is to build a ring road.
The Bitexco Group was given the permission to develop a commercial center while the retailer Hapro will build a center for distribution and shopping, and the Vija Metech SJC will build a new hospital. All of these projects are yet to release their investment figures.
Addressing the conference where the projects were licensed, Prime Minister Nguyen Xuan Phuc urged Hanoi authorities to promote reform to assist the business community.
In his speech, Prime Minister Phuc urged Hanoi to take the lead and become a center for start-ups and creativity of the nation, adding that local authorities need to introduce initiatives to support star-up models, promote the IT application, and keep its commitments with enterprises.
Making a speech at the event, Hanoi Party Secretary Hoang Trung Hai noted that the city needs 115.5 billion USD in social investment for 2016-2020 period, 80% of which will from the private sector and the foreign-invested sector.
Speaking at the "Hanoi 2016 - Investment and Development Cooperation" conference that took place on June 4, Chairman of Hanoi People’s Committee Nguyen Duc Chung vowed to pushing up reforms, especially in administrative procedures, to provide support to the city’s business community.
Chairman Nguyen Duc Chung also introduced a list of projects calling for investment, including 52 public-private partnership projects and 43 project with non-state investment, worth 16 billion USD and 17.5 billion USD, respectively.
The Hanoi's Chairman pledged that business registration will now be done online and take two working days instead of the previous three and the city will cut the time by 40% needed to complete administrative procedures relating to investment.
The Chairman also committed that Hanoi would try to help almost 100% of the city-based enterprises complete online tax procedures.
He noted that the city will cut at least 20% of administrative procedures in the fields of land clearance and retrieval, and some 50% of paperwork for urban planning.
According to the Foreign Investment Department under the Ministry of Planning and Investment, Hanoi topped other localities to become the most attractive destination for foreign investors in the first five months of this year. The city lured 1.96 billion USD in foreign direct investment (FDI), accounting for 19.3% of total registered FDI in the country during the reviewed time.
Chairman of Hanoi People’s Committee Nguyen Duc Chung granted investment licenses and certificates of investment registration to projects.
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Indochina Capital was also granted a license to develop a park in Cau Giay district while Vingroup is to build a ring road.
The Bitexco Group was given the permission to develop a commercial center while the retailer Hapro will build a center for distribution and shopping, and the Vija Metech SJC will build a new hospital. All of these projects are yet to release their investment figures.
Addressing the conference where the projects were licensed, Prime Minister Nguyen Xuan Phuc urged Hanoi authorities to promote reform to assist the business community.
In his speech, Prime Minister Phuc urged Hanoi to take the lead and become a center for start-ups and creativity of the nation, adding that local authorities need to introduce initiatives to support star-up models, promote the IT application, and keep its commitments with enterprises.
Making a speech at the event, Hanoi Party Secretary Hoang Trung Hai noted that the city needs 115.5 billion USD in social investment for 2016-2020 period, 80% of which will from the private sector and the foreign-invested sector.
Speaking at the "Hanoi 2016 - Investment and Development Cooperation" conference that took place on June 4, Chairman of Hanoi People’s Committee Nguyen Duc Chung vowed to pushing up reforms, especially in administrative procedures, to provide support to the city’s business community.
Chairman Nguyen Duc Chung also introduced a list of projects calling for investment, including 52 public-private partnership projects and 43 project with non-state investment, worth 16 billion USD and 17.5 billion USD, respectively.
The Hanoi's Chairman pledged that business registration will now be done online and take two working days instead of the previous three and the city will cut the time by 40% needed to complete administrative procedures relating to investment.
The Chairman also committed that Hanoi would try to help almost 100% of the city-based enterprises complete online tax procedures.
He noted that the city will cut at least 20% of administrative procedures in the fields of land clearance and retrieval, and some 50% of paperwork for urban planning.
According to the Foreign Investment Department under the Ministry of Planning and Investment, Hanoi topped other localities to become the most attractive destination for foreign investors in the first five months of this year. The city lured 1.96 billion USD in foreign direct investment (FDI), accounting for 19.3% of total registered FDI in the country during the reviewed time.
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Vietnam news in brief - August 24
Read The Hanoi Times to stay up to date on developments in Vietnam.
- Growing number of FDI firms moving to Vietnam
- Vietnam Gov’t committed to facilitating Adani Group’s US$2-billion port project
- Vietnam Railway proposes US$87 million for Hanoi–Dong Dang railway upgrade
- Vietnam’s North-South high-speed railway to be designed for 350km/h
- Vietnamese gov’t urged to address impact of global minimum tax
- Samsung plans drastic investment increase in Vietnam over next three years