‘Hanoi 2020 – Investment and Development Cooperation’ to be held on June 27

Tuesday, 2020-06-02 13:05:05
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Politburo member and Secretary of the Hanoi Party Committee Vuong Dinh Hue. (Photo: VGP)
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NDO – The annual conference entitled ‘Hanoi 2020 – Investment and Development Cooperation’ is scheduled to take place at the National Convention Centre on June 27 with the aim of attracting both foreign and domestic investment to the capital city.

Politburo member and Secretary of the Hanoi Party Committee Vuong Dinh Hue chaired a meeting of the Hanoi Standing Party Committee on June 1 to discuss the organisation of the conference and a list of projects calling for investment at the conference slated for late June.

Delegates agreed that the organisation of the conference after taking control of the COVID-19 pandemic will deliver Hanoi’s message of calling for resources, particularly FDI investment in the city, while announcing it as a safe and stable destination for investors.

Through the conference, Hanoi continues to express its determination to be the leading locality in restoring the economy after the pandemic while promoting administrative reforms and improvements to the business environment.

Hanoi is also expected to achieve a GRDP growth rate 1.3 times higher than the GDP growth rate of the whole country in 2020.

According to the Hanoi Municipal People’s Committee, Hanoi attracted FDI worth US$1.05 billion and domestic investment worth VND9.16 trillion (US$394.5 million) in the first five months of this year.

The city saw the establishment of 12,260 new firms in the period, with total registered capital of VND181.4 trillion (US$7.78 billion), down 10 percent in terms of numbers but up 9 percent in capital compared to the same period last year.