Vietnam Capital City Targets US$3 Bln FDI in 2009
Vietnam’s capital city of Hanoi has set a goal to stand in the country’s top five localities in attracting foreign direct investment (FDI) with some US$2-US$3 billion this year, said an official from the municipal Department for Planning and Investment.
To reach the target, the city will focus on administrative reform and upgrade “one-door” model in business registration, aiming to offer favorable conditions for companies, said Nguyen Thanh Tu, vice chairman of the department.
Tu added that Hanoi will also improve infrastructure and procedures in the areas of customers, tax and some others.
Among economic difficulties, the locality lured US$180 million FDI in January and the figure is forecast to around US$400 Million this month. (Industry & Trade)
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