Hà Nội eyes place in top-five FDI attraction
VGP – Hà Nội sets the target of becoming one of the country’s five top FDI seducers by attracting 300 projects with the registered capital of US $2-3 billion in 2009.
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Hà Nội expects to welcome 300 new FDI projects this year |
Mr. Nguyễn Văn Tứ, Vice Director of the municipal Department of Planning and Investment, said that the city plans to grant 260 new investment licenses to lure US $1.8-2.7 billion.
Other 40 ongoing projects will be added with US $0.2-0.3 billion.
Hà Nội vows to speed up administrative reforms in business registration and capital construction in order to lay a transparent, favorable and effective playing field for investors. Socio-technical infrastructure and business environment will be bettered.
Last year, Hà Nội earned a total registered FDI capital of US $5 billion, doubling the 2007 figure.
Some large-scale projects licensed in 2008 include Gtel Mobile (US $1.8 billion), Hà Nội Bio-technology Park (US $250 million), five-star Hoa Sen Hotel (US $250 million), and Dongriwon Development Company (US $219 million).
By Nguyên Hồ
