At the meeting, Chairman Nguyen Duc Chung briefed them on Hanoi’s business environment and investment preferential policies.
Accordingly, in an effort to attract more foreign investments, along with incentive policies, the Hanoi People’s Committee has striven to enhance administrative reform so as to create better conditions for foreign firms to develop their investment and business activities in the city.
The Chairman also introduced the city’s foreign investment orientations, and committed to supporting businesses in fulfilling administrative dossiers and training human resources in prioritized areas.
In their part, leaders of Japanese corporations appreciated Hanoi’s investment environment while pledging to increase their investments in the city.
Particularly, a representative of Sumitomo Group expressed his hope to early carry out smart city projects in the eastern area of Hanoi. Meanwhile, leader of Nidec Group expected to speed up its project in Hoa Lac Hi-Tech Park; while Mitsubishi Group expressed interests in railway projects in Hanoi, and wished to invest in real estate projects around metro stations in the city.
On this occasion, Chairman Nguyen Duc Chung signed Memorandums of Understanding (MoU) with Japanese firms to invest a total of US$3.75 billion in projects in the capital city, in the witness of Prime Minister Nguyen Xuan Phuc.
They included the MoU between the Hanoi People’s Committee with Japan’s groups to work out projects in Tay Ho District and Dong Anh Industrial Park in Dong Anh District with the total investment capital of US$3 billion.
Notably, Hanoi signed a MoU with Nidec Corporation to implement some projects on producing high-tech electronic components to meet the requirements of Industry 4.0
Hanoi also inked MoUs with IDS Equity Holdings and Japanese investors on a number of projects to develop office buildings and hotels in the city with the estimated investment of US$500 million, and with Aeon Mall Vietnam to construct a new shopping mall worth US$250 million in North Tu Liem District.