Hanoi leader pledges optimal conditions for foreign investors

Meeting President of the European Chamber of Commerce in Vietnam Jens Ruebbert,  Chung stated that the capital city places importance on calling for investment from European small- and medium-sized enterprises (SMEs) and groups. 

Hanoi is cooperating with European countries, such as the Netherlands and Germany, to develop agriculture and health care, deal with environment pollution, save electricity, and build urban areas and transport, he said.

The city desire to take advantage of European investment in dealing with environment issues and urban transport infrastructure connectivity, he said, adding that the capital city also wants to share with European partners in building e-administration. 

Receiving Chairman of the Hong Kong Trade Development Council (HKTDC) Vincent Lo the same day, Chung reiterates Vietnam's readiness to offer all possible favourable conditions for Hong Kong (China)’s enterprises to do business and regards Hong Kong as a gateway linking Vietnam with countries across the global and China as well.

Chung said the city identifies transport as one of the three breakthroughs in its socio-economic development scheme for the next five years. Among 13 transport projects, Hanoi calls on Hong Kong businesses to invest in eight metro lines, and at the same time, in building satellite urban areas, dykes, waste treatment, environment monitoring stations, wastewater treatment infrastructure in traditional craft villages, and belt roads connecting with Quang Ninh, Lao Cai provinces and Hai Phong city. 

Hanoi wishes to join the global supply chain, attract more tourists from Hong Kong and China, and hopes that Hong Kong investors are interested in the retail system in Vietnam, Chung told his guest.

Hanoi wants to continue collaboration with China, particularly with Hong Kong in SMEs management and managerial staff training. 

Vincent Lo, in turn, said Hong Kong is keen on infrastructure, urban development and belt road connectivity in Hanoi and that the HKDTC wants to know more about the grant of licenses to foreign bidders. 

Regarding this issue, Chung assured Hanoi's willingness to help investors establish wholly foreign-owned companies that could compete with domestic rivals on an equal footing. 

The municipal leader also updated Hong Kong guests about the construction of a garbage-fueled electricity generation system, and incentives for investors in the fields of environment protection, wastewater treatment, urban area design and green energy development.