10/11/2017 | 16:56:06

Hanoi attractive to investors

A view of Hanoi (Photo: VNA)

Hanoi plans to grant investment licences to several large projects throughout the rest of this year, according to the municipal People’s Committee.

The projects include a 220 million USD solid waste treatment project in Ta Thanh Oai, a 319 million USD waste-to-power plant in Soc Son and a 420 million USD horse racing track.

To be more attractive to investors, the capital city has employed measures to improve its investment and business environment, while talking with enterprises to remove their difficulties.

At the same time, the city has enhanced the use of information technology in business registration and tax payment processes, creating optimal conditions for enterprises. So far, 98 percent of local firms have used online tax declaration.

At an October meeting of the municipal People’s Committee, Chairman of the committee Nguyen Duc Chung asked the Department of Information and Communications to work with the Department of Home Affairs to review administrative reform to simplify all processes and provide online public services.

So far, the city has received 128 projects in public-private partnership, eight of which have been finished worth 13.68 trillion VND and 12 underway ones worth 28.5 billion VND.

It has also issued business licences to 25,160 companies worth 240 trillion VND, up 11 percent and 4 percent respectively, raising the total number of firms in the city to 231,922.-VNA

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