Hanoi targets US$12.7 billion in exports
Hanoi has set a target of earning about US$12.7 billion from exports in 2018, a rise of about 8% over the previous year.
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Meanwhile, the city will design policies to improve production and exports, while enhancing competitiveness of local enterprises and foster labour supply-demand connections, and attracting more investment in infrastructure development and services.
The municipal People’s Committee has assigned the Hanoi Department of Taxation to coordinate with relevant agencies to implement projects in modernising tax management and applying IT in all stages and steps of tax management in order to create favourable conditions for enterprises, ensuring transparency and reduce cost.
The Hanoi Customs was asked to pilot a management and supervision system of goods transported through Noi Bai International Airport, measure clearance time for import-export goods, and conduct a survey on enterprises’ satisfaction in 2018.
The city will also issue certificates of origin (C/O) through its online public services, while joining the national and ASEAN one-door mechanism in granting C/O in line with commitments of the Government to ASEAN.
The city will also apply measures to increase business’ access to credit by connecting them with banks and credit institutions, while holding training courses to upgrade enterprises with information on foreign markets, free trade agreements and new policies and laws related to import-export activities.
As of the end of the first quarter of 2018, Hanoi’s industrial production expanded 8.5%, a rise of 3.4% year on year. Total retail and service revenue was estimated at VND617.49 billion (US$27.16 million), up 12.4% year on year. The city’s exports fetched US$155 million, up 16.9% year on year, while social investment attraction rose 9.5%.
At the same time, foreign arrivals to Hanoi hit 1.13 million.
