Hanoi is striving to attract over 500 million USD in foreign direct investment (FDI) in June 2019, raising the total FDI capital to nearly 5.3 billion USD in the first half of the year, according to insiders.

Illustrative image (Source: VNA)

In January-May, Hanoi led the country in FDI attraction with 4.79 billion USD. 

Director of the municipal Department of Planning and Investment Nguyen Manh Quyen said Hanoi has been pushing ahead with administrative reforms and improvement of investment environment, as well as taking measures to ease difficulties for businesses, especially administrative procedures.

The city strives to update all addressed administrative dossiers through the one-stop information system to lure more FDI projects, he said.

The official added that the State budget will be prioritised for technical infrastructure projects and those playing key role in promoting socio-economic development.

The city welcomes investment in high technology projects and use and creation of clean energies, he said.

Other priority fields include health care, information technology, biotechnology, infrastructure development, human resources training, research and development, and high-quality services.

Hanoi will reform its policies to lure large-scale investment projects with increased added values and using environmentally-friendly technologies, according to Chairman of the municipal People’s Committee Nguyen Duc Chung.