Hanoi investment conference brings in trillions of VND
Hanoi presented decisions approving investment proposals and investment licences for 48 projects with total registered capital of over 74 trillion VND (3.25 billion USD) on June 25.
Hanoi 2017 - Investment and Development Cooperation Conference (Source: VNA)
Hanoi (VNA) – Hanoi presented decisions approving investmentproposals and investment licences for 48 projects with total registered capitalof over 74 trillion VND (3.25 billion USD) on June 25 at the conference themed“Hanoi 2017 – Investment and Development Cooperation”.
At the conference, which attracted representatives from 50countries and territories and more than 600 domestic and foreign investors, thecity and investors also signed 15 memoranda of understanding worth nearly 135trillion VND (5.94 billion USD).
Speaking at the event, Secretary of the municipal PartyCommittee Hoang Trung Hai affirmed that Hanoi leaders are aware that the key tothe city’s development is to side with enterprises, while considering privateeconomy is a driving force for its economic restructuring.
Chairman of the municipal People’s Committee Nguyen DucChung said that Hanoi will take the lead in implementing the Government’sinstructions and in building a service administration.
Hanoi always welcomes and wants to cooperate with allinvestors, businesses, associations, and localities inside and outside Vietnamto boost sustainable development, Chung said.
He added that in the time ahead, Hanoi prioritisesattracting investment projects using high and new technologies and cleanenergies, with a focus on such fields as satellite urban areas, urban railways,belt roads, and car parks.
To attract more investors and talent, Prime Minister NguyenXuan Phuc urged Hanoi to take effective action and carry out measures toconnect businesses and attract the involvement of residents and both domesticand international enterprises in building the city.
He highlighted Hanoi’s efforts to improve its investment-businessenvironment in the past years, with the city’s provincial competitiveness index(PCI) jumping 10 spots, ranking 14th out of 63 provinces and cities – itshighest ever ranking, while its index of public administrative reform alsoclimbed 6 spots.
In the year, nearly 440 trillion VND (19.36 billion USD) waspoured into investment projects in the locality.-VNA
Hanoi is the leading locality nationwide in FDI attraction, drawing over 810 million USD from 110 newly-licensed and capital-added FDI projects in the first quarter of this year.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
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Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
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Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
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A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
Hanoi 2017 - Investment and Development Cooperation Conference (Source: VNA)
