Hanoi commits to creating conditions for businesses (09:02 18/07/2019)

HNP - Member of the Party Central Committee, Chairman of the Hanoi People’s Committee Nguyen Duc Chung, and Chairwoman of the Regional Council of Ile-de-France Valerie Pecresse co-chaired a conference titled “Urban and Creativity” on July 16.

Chairman of the Hanoi People’s Committee Nguyen Duc Chung speaks at the conference.

Addressing the event, Chairman of the Hanoi People’s Committee Nguyen Duc Chung briefed about the outcomes of the city development recently. Particularly, the city’s economic growth has averaged 7.4% since 2011. Last year, Hanoi contributed 16.63% to GDP and 17.19% to the state budget.

In 2018, Hanoi welcomed 26.4 million tourists, up 10.4% year on year, including 6 million foreigners, up 21.3% year on year.

Moreover, the city has paid special attention to social welfare programs. Hanoi has finished the construction of houses for the poor and revolutionary contributors.

Notably, Hanoi has attached importance to investment promotion while committing to creating investment environment and standing side by side businesses. The city is striving to provide 100% of online public services at stage 3 and 4 by the end of 2019.

During three years (2016-2018), FDI capital reached US$ 14.05 billion, equivalent to 55.63% of the figure for the 1986-2015 period. Hanoi attracted US$7.5 billion in 2018 and US$5.03 billion in the first half of 2019, taking the lead in FDI attraction.

From 2016 to the first half of 2019, more than 86,000 businesses were established, 1.09 times higher than that of the 2011-2015 period.

Furthermore, Hanoi has cooperated with Israeli experts to build Ha Noi startup ecosystem portal that support about 800 startups currently.

Chairman Chung expressed his hope that French firms will invest in fields that Hanoi is favoring, such as urban technological infrastructure, environmental pollution treatment, biotechnology, tourism, education and training, logistic, among others.


Chairwoman of the Regional Council of Ile-de-France Valerie Pecresse speaks at the conference.


Addressing the event, Chairwoman of the Regional Council of Ile-de-France, Valerie Pecresse lauded the growing cooperation between Hanoi and Ile-de-France region in heritage conservation, traffic infrastructure development, and tourism.

At the conference, representatives of French enterprises presented solutions for smart city development and smart transport in an effort to minimize emissions.

After listening to opinions, the Hanoi Mayor affirmed great opportunities for cooperation between the two sides.

He pledged that Hanoi would create the best conditions for French firms to invest in the city and carry out their projects as soon as possible.

On the occasion, Hanoi and Ile-de-France signed a memorandum of understanding on the establishment of a startup incubator named Hanoi French City Lab in Hanoi. Another memorandum of understanding on tourism development was also inked between the old town of Provin (France) and the Thang Long Hanoi Heritage Conservation Center.

By Tran Huong

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