Hanoi attractive to investors

Hanoi plans to grant investment licences to several large projects throughout the rest of this year, according to the municipal People’s Committee.

The projects include a US$220 million solid waste treatment project in Ta Thanh Oai, a US$319 million waste-to-power plant in Soc Son and a US$420 million horse racing track.

To be more attractive to investors, the capital city has employed measures to improve its investment and business environment, while talking with enterprises to remove their difficulties.

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At the same time, the city has enhanced the use of information technology in business registration and tax payment processes, creating optimal conditions for enterprises. So far, 98% of local firms have used online tax declaration.

At an October meeting of the municipal People’s Committee, Chairman of the committee Nguyen Duc Chung asked the Department of Information and Communications to work with the Department of Home Affairs to review administrative reform to simplify all processes and provide online public services.

So far, the city has received 128 projects in public-private partnership, eight of which have been finished worth VND13.68 trillion and 12 underway ones worth VND28.5 billion.

It has also issued business licences to 25,160 companies worth VND240 trillion, up 11% and 4% respectively, raising the total number of firms in the city to 231,922.


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