Hanoi unveils new initiative to improve investment climate
VOV.VN - Hanoi, with its emerging domestic market and abundant low priced labour, has sparked lots of interest among foreign businesses who view the City as a potential ‘new destination’ for foreign direct investment (FDI).
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In order to develop a comprehensive plan to attract new businesses to the City and formulate a cohesive platform focusing on solutions to issues such as regulation, legal matters as well as financial, banking and taxation procedures, the city has scheduled a conference for June 4 at the Lotte Hotel in Hanoi.
“We need to seriously address investment climate issues in a professional manner,” said Mr Chung, and select the best suited industries and create a sound environment for the selected industries to operate.
We have invited representatives of the World Bank, Asian Development Bank, France Development Agency, Japan External Trade Organisation, Japan Bank for International Cooperation, Korea International Cooperation Agency and American Chamber of Commerce in Vietnam to participate in the conference.
In addition, we are tentatively planning on nearly 800 delegates of the government at all levels from the national to the local to attend and provide their insights into how the City can attract and motivate foreign businesses.
Mr Chung also emphasized the importance of producing opportunities for the selected industries by integrating different segments of issues such as trade and supply chains, infrastructure, environment, working safety, standard and quality of products and so on.
In this context, he said, our activities on the investment climate will have a great potential to initiate such an environment where active discussions among government officials from various ministries and agencies may set a cornerstone to promote promising core growth and a more competitive investment climate in Hanoi.
