Traffic in Hanoi. The city’s GRDP increased 7.61 percent, the highest in the last three years, and exports grew 21.6 percent in 2018 (Source: VNA) Hanoi (VNA) - The Hanoi People’s Committee has set 22 targets for socio-economic development in 2019, focusing on State budget restructuring, improvement of its investment and business environment and promotion of the innovation and startup ecosystem. The capital city’s gross regional domestic product (GRDP) is expected to reach 7.4-7.6 percent in 2019 and export growth is projected at 7.5-8 percent. These targets are set in the city’s action programme No 12/Ctr-UBND on the socio-economic development and State budget estimation in 2019, signed recently by Chairman of the municipal People’s Committee Nguyen Duc Chung. In 2018, the capital city accomplished all 20 socio-economic development targets. Its GRDP increased 7.61 percent, highest in the last three years, and export grew 21.6 percent, much higher than … [Read more...] about Hanoi city targets 7.4-7.6% economic growth in 2019
Hanoi city attractions
Da Nang city attracts Japanese enterprises
Hironobu Kitagawa, Chief Representative of Japan External Trade Organisation (JETRO) makes a speech at the conference. (Photo: VNA) Hanoi (VNS/VNA) - The central city of Da Nang always appreciates the contributions of Japanese enterprises to its socio-economic achievements in 30 years attracting foreign direct investment (FDI) into Vietnam. The statement was made by Vice Chairman of the Da Nang City People’s Committee Ho Ky Minh at an investment promotion conference held recently in Hanoi. Minh said they also considered Japan as an important strategic partner for concentrating investment attraction. By the end of November 2018, Da Nang has attracted 670 FDI projects with total registered capital of 2.88 billion USD. Of which, Japan has invested in 163 projects with a total registered capital of more than 675 million USD and is the country with the largest investment projects in Da Nang. Japan’s investment projects focus on … [Read more...] about Da Nang city attracts Japanese enterprises
Investment environment is key for Hanoi to attract FDI: Mayor
The Hanoitimes - Hanoi identifies investment environment is instrumental in attracting FDI for development, which translates in its first place in FDI attraction nationwide this year, according to Nguyen Duc Chung, chairman of Hanoi People`s Committee. In parallel with an effort in improving investment environment and reforming administrative procedures, Hanoi has been focusing on trade facilitation and signing cooperation agreements with potential markets, stated Chung. Illustrative photo. According to Chung, Hanoi has been the first city in Vietnam to establish a committee specialized in global economic integration. In 2016, 2017 and the first six months of 2018, the city attracted US$12.46 billion in FDI, equivalent to 59% of the total figure corresponding to the 1989 - 2015 period. With the total FDI capital of around US$5.9 billion in the first six months of 2018, Hanoi has claimed the first place in FDI attraction nationwide. Among economic … [Read more...] about Investment environment is key for Hanoi to attract FDI: Mayor
Tran Quoc pagoda – Hanoi tourist attraction
Built in the sixth century, Tran Quoc pagoda is the most ancient of the 600 or so pagodas and temples in the capital city. The pagoda sits on an islet within West Lake in Tay Ho district. It is distinguished by its historical and architectural values, becoming a sacred place for locals and a popular religious attraction for foreign visitors. “I think Vietnam is very advanced and early. It very impressive to see how beautiful it is inside the pagoda,” Tim said. Tran Quoc pagoda is renowned for its architecture. The high stupa called "Bao Thap" (Precious Stupa) is among its outstanding features. The stupa was built in 1998. It has 11 floors and is 15 metres high. … [Read more...] about Tran Quoc pagoda – Hanoi tourist attraction
Vietnam attracts 8.06 billion USD in FDI in Jan-Apr
Illustrative photo (Photo: VNA) Hanoi (VNA) - Vietnam attracted 8.06 billion USD in foreign direct investment (FDI) in the first four months of 2018, equivalent to 76.1 percent of the figure in the same period last year, according to the National Statistics Office. As of April 20, 2018, the country had 883 newly-licensed FDI projects, with total registered capital of 3.55 billion USD and 303 projects registering to increase their capital by 2.24 billion USD. In the first four months of this year, foreign investors contributed capital and bought shares worth 2.26 billion USD, a year-on-year surge of 67 percent. FDI projects in Vietnam disbursed 5.1 billion USD during the first four months, a year-on-year increase of 6.3 percent, said the Ministry of Planning and Investment’s Foreign Investment Agency (FIA). The FIA said foreign investors have invested in 17 industries and fields during January and April. Of this, the manufacturing and processing sector attracted … [Read more...] about Vietnam attracts 8.06 billion USD in FDI in Jan-Apr