Hanoi to hold investment-development cooperation conference

A conference on investment and development cooperation is to take place at the National Convention Centre in Hanoi on June 27.

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Vuong Dinh Hue, politburo member and Secretary of the Hanoi Party Committee, chairs the meeting (Photo: baochinhphu.vn)

The date was approved at a June 1 meeting of standing members of the Hanoi Party Committee regarding its content and a list of projects to be tabled at the conference.

The participants said the organisation of the event immediately following the COVID-19 pandemic being brought under control will send a strong message about the city and Vietnam attracting domestic and foreign investment.

It also affirms that Hanoi is a safe and stable destination for investors, they added.

The Hanoi People’s Committee was assigned to organise the event in a safe and effective manner in line with regulations.

The municipal People’s Committee was requested to step up communications campaigns before, during, and after the conference, to provide information on the event, promote Hanoi’s socio-economic development over the last five years, and introduce planning for the local Hoa Lac urban area.

According to a report from the Hanoi People’s Committee, in the first five months of this year the capital attracted over US$1.05 billion and VND9.16 trillion (US$395.3 million) worth of foreign and domestic investment, respectively.

There were 12,260 enterprises established during the period - a year-on-year decline of 10%. These new enterprises, however, registered total capital of VND181.4 trillion, an increase of 9% year on year.