Hanoi will hold a series of promotional and investment activities this year to help achieve the city's 7.5-8% gross regional domestic product (GRDP) growth target for 2021-2025.

Foreign businesses and organizations at AgroViet 2023. Photo: Nguyen Minh/ The Hanoi Times

These activities are provided for under Programme No. 03 on the City's Investment Promotion, Trade and Tourism in 2024, recently issued by the City People's Committee, which aims to improve the productivity, quality, efficiency, competitiveness and internal capacity of the capital's economy.

Based on the program, the city is set to organize several promotional and investment initiatives. These include the Conference on Investment, Trade, and Tourism Promotion of Hanoi and the Red River Delta Provinces, as well as the Link to Grow Conference focusing on collaboration between Hanoi and the Southeast Province.

Other activities include investment, trade, and travel promotion centered on Hanoi's craft villages, with an exhibition of traditional handicrafts to promote exports and linkages, and the involvement of foreign distribution systems.

The city will effectively make use of traditional trade promotion methods by innovating and diversifying them through the application of information technology and digital transformation.

Hanoi will also focus on intensifying on-site investment activities, identifying and resolving bottlenecks and difficulties for domestic investors, and stepping up administrative reform linked to digital transformation in trade promotion activities.

Hanoi expects to receive approval from the Ministry of Industry and Trade (MoIT) to host an expanded market opening conference for the Red River Delta cluster in 2024.

The city also suggests that the MoIT, the Vietnam Trade Promotion Agency, and Vietnamese overseas trade offices should play a more leading and liaising role to provide specific guidance and facilitate trade promotion and export activities for localities.

Coordination between Hanoi and relevant agencies in organizing large-scale promotional events involving many localities aims to increase the effectiveness of these activities.

According to the latest trade promotion plan for 2024, Hanoi is expected to organize 60 major trade promotion events, including eight to ten overseas ones.