HN to license large projects by end of the year

11-Nov-2017 Intellasia | VNS | 6:00 AM Print This Post

Hanoi will give investment licences to a series of large projects by the end of the year after the capital city has synchronously implemented solutions on improving investment and business environment, the People’s Committee said.

The projects include the Ta Thanh Oai solid waste treatment project with registered capital of $220 million, Nidec Corporation with registered capital of $400 million, Soc Son plant producing power from waste with registered capital of $319 million and a horse racecourse with registered capital of $420 million.

According to the committee, earlier, the Taxation Department, Customs Department, Department of Justice, Department of Planning and Investment and people’s committees of districts organised meetings with enterprises to remove difficulties and obstacles faced by the business community operating in the city to promote production and business.

Meanwhile, Hanoi’s authorities have instructed municipal departments and districts’ authorities to support investors and enterprises from business registration to implementation of a project and remove difficulties in the process of a developing project. One of the key tasks is to accelerate the application of information technology in business registration and tax declaration, creating the most favourable conditions for enterprises in this field.

According to the draft report on the implementation of the socio-economic development plan in 2017 and the key tasks in 2018, the People’s Committee of Hanoi expected the capital city to attract $3.575 billion in foreign direct investment for this whole year.

Next year, Hanoi will continue improving the investment and business environment and encouraging innovation and development enterprise, promoting economic growth.

The city also continues to restructure the economic sectors to reform economic growth models and increase productivity, quality, efficiency and competitiveness in production and business.

It will focus on increasing efficiency in state management of Hanoi’s state offices to further improve the investment and business environment. of the year_290021.html


Category: Economy, Vietnam

Print This Post