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VietNamNews

Ha Noi to free up land for investors

Update: April, 20/2012 - 10:45

HA NOI — The capital would speed up infrastructure construction in its industrial and processing zones to meet investment demand, the industrial and processing zone management board has revealed.

Accordingly, infrastructure will be improved to make more land available to serve investment, especially foreign-direct investment.

In addition, land clearance will be accelerated in local zones such as Phung Hiep and Bac Thuong Tin.

During this time, the board will support companies in solving difficulties faced in operation and investment.

The management board, however, will withdraw investment licences from slow and non-effective projects and those who violate Vietnamese law.

Capital disbursement will be enhanced to 60-65 per cent of total registered capital for 2012.

Since the beginning of this year, about US$158 million has been poured into the city, about 4.4-time higher than the same time last year.

Up to this month, about 517 projects have been registered in Ha Noi.

The management board affirmed that in the coming time they would strengthen investment promotion as well as create preferential conditions to attract interest. This year, the city hopes to attract $250 million in investment. — VNS

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