The conference would welcome over 1,200 domestic and foreign investors, businesses, many of whom would receive their respective investment licenses from Hanoi's authorities.
Prime Minister Nguyen Xuan Phuc is attending Hanoi's major investment promotion conference themed "Hanoi 2020 – Investment and Development Cooperation" on June 27 at the National Conference Center where major projects will be licensed.
|Hanoi’s investment promotion conference would welcome over 1,200 domestic and foreign investors, businesses.|
The event is set to attract up to 1,850 delegates, including senior government officials, 29 ambassadors and diplomatic officers, representatives from eight international organizations, foreign experts, among others.
Notably, the conference would welcome over 1,200 domestic and foreign investors, businesses, many of whom would receive their respective investment licenses from Hanoi's authorities.
|Prime Minister Nguyen Xuan Phuc attends the event. Photo: Tran Long|
At this event, Hanoi’s leaders will sign 36 memorandum of understandings (MOUs) worth US$26.08 billion with organizations, businesses and investors, including 23 MOUs with domestic enterprises (US$17.85 billion) and 13 with foreign ones (US$8.22 billion).
The Hanoi People's Committee would also announce an investment portfolio comprising of 282 projects with estimated investment capital of VND483.1 trillion (US$21.66 billion) in eight priority fields, including (1) 151 industrial, trade and services projects; (2) 34 projects of technical infrastructure development; (3) 45 projects of social housing; (4) nine environmental projects; (5) 13 projects of repairing and rebuilding old complexes; (6) 10 projects in housing development; (7) 15 agricultural projects; (8) five urban development projects along the Vo Nguyen Giap avenue.
"Hanoi 2020 – Investment and Development Cooperation" conference is expected to be a platform for greater cooperation between investors, businesses and Hanoi's authorities in particular, and of Vietnam in general.
By convening the conference after the initial containment of the Covid-19 pandemic, Hanoi sends a strong message on efforts of the capital city and Vietnam to lure investment from domestic and overseas businesses.
Hanoi remains a safe and stable investment destination for investors as the capital city is determined to be the pioneer among Vietnam's localities in rebooting the economy in the post-pandemic period.
|Secretary of the Hanoi Party Committee Vuong Dinh Hue speaks at the event. Photo: Tran Long|
Hanoi speeds up economic recovery
Addressing the event, Secretary of the municipal Party Committee Vuong Dinh Hue said the conference is expected to help Hanoi attempt to take the lead among localities nationwide in 2020 in the economic recovery after the sweeping of the Covid-19 pandemic.
Building Hanoi into a smart, creative and livable city
|Chairman of the Hanoi People’s Committee Nguyen Duc Chung. Photo: Pham Hung|
Chung said that the business community and investors have made important contributions to Hanoi's achievements over the past years.
On this occasion, the municipal government and investors will sign 38 memorandums of understanding with a total investment of about US$28.6 billion, including 26 proposals worth about US$20.5 billion by local investors and 12 proposals, estimated at US$8.32 billion, foreign investors.
Hanoi – high potential in agricultural development and IT human resources
|Minister of Agriculture and Rural Development Nguyen Xuan Cuong|
Minister of Agriculture and Rural Development Nguyen Xuan Cuong said that the conference has been held impressively with the application of information technology.
Hanoi pioneers welcoming new investment wave
South Korean businesses expect more support in tourism World Bank always stands ready to support Hanoi
|World Bank’s Country Director for Vietnam Ousmane Dione|
World Bank’s Country Director for Vietnam Ousmane Dione said that although the Covid-19 epidemic has left unpredictable consequences on people's health and life, it has opened up opportunities for Hanoi, which has contained the pandemic and has become a safe destination for multinational companies to relocate their production facilities.
“We've been always supported by the Hanoi authorities”
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