Hanoi heads to the UK looking for investors

October 21, 2019 | 10:21

(0) user say

Hanoi will organise a five-day promotion conference on trade, investment and tourism in London this week, the municipal People's Committee has announced on its portal.

hanoi heads to the uk looking for investors

Model of a smart city, worth more than US$4 billion in Hanoi. The capital city is seeking the UK investment in smart city development. - Photo infonet.vn

The conference, which will kick off Tuesday (Vietnamese time), aims to promote Hanoi as a destination for foreign investors, identify potential investors, especially in smart city development, hi-tech, health-care, environment and education.

During the event, the city will also seek investment capital from UK businesses into its hi-biotechnology park in Bac Tu Liem District. Covering more than 200ha, the park will be developed into a high-tech, modern economic and scientific zone, serving research, education, development, application of experimental production and hi-tech transfers.

Direct meetings between Hanoi's authorities and UK enterprises which want to invest in the capital city will also be held on the sideline of the event.

Over the past nine months, the capital city’s gross regional domestic product (GRDP) picked up 7.35 per cent, higher than the 7.01 per cent growth recorded in the same period last year, according to the committee.

The city posted export turnover of US$12.4 billion, a year-on-year increase of 20.4 per cent, it said, adding that total social investment was estimated to reach over VND245 trillion (nearly $10.7 billion) in the period, up 19 per cent year-on-year.

Hanoi has strengthened investment attraction and improved investment and business environment. In the January-September period, the city attracted more than $6.23 billion worth of foreign direct investment.

VNA

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional