Investment and development co-operation conference to be held in Ha Noi this month

Tuesday, Jun 02, 2020 17:33

Hoan Kiem Lake, the heart of Ha Noi. The conference wishes to affirm that the city is a safe and stable destination. — VNA/VNS Photo

The “Ha Noi 2020 - Investment and Development Co-operation” conference will be held at the National Convention Centre (NCC) on June 27.

The conference aims to attract domestic and foreign investment, especially foreign direct investment (FDI).

Through the conference, the capital city wants to show its determination to be a pioneer in economic recovery and development post-COVID-19.

The COVID-19 pandemic has been controlled and pushed back in Viet Nam. Therefore, the organisation of the conference is a strong message to affirm that Ha Noi is a safe and stable destination for investors.

The city will also focus on boosting administrative reform, improving the investment and business environment to call for investment and promote growth.

The city is striving for a gross regional domestic product (GRDP) growth rate, which is 1.3 times higher than the gross domestic product (GDP) growth rate nationwide this year.

The Ha Noi’s People's Committee reported that foreign investment attraction of the city reached nearly US$1.05 billion in the first five months of the year.

Domestic investment attraction reached VND9.16 trillion ($393.1 million) with four new projects and 26 projects increasing capital.

The COVID-19 pandemic has caused difficulties for production and business.

More than 1,200 enterprises implemented dissolution procedures from the beginning of the year in Ha Noi alone, a year-on-year increase of 25 per cent, and 7,075 enterprises registered to suspend operations, up 49 per cent.

Fortunately, there were 12,260 newly-established enterprises in the first five months with registered capital of VND181.4 trillion, down 10 per cent in volume but up 9 per cent in registered capital over the same period. — VNS

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