Sat. Feb 4th, 2023

Hanoi is determined to improve its performance in 2013 following its
sharp fall in the provincial competitiveness index (PCI) last year.

The capital city dropped 15 places to the 51 st position in the
CPI ranking in 2012, due to complaints about its cumbersome
administrative procedures, poor management of the real estate market,
lack of adequate supports for the business community and labourers and
weak FDI attraction.

Nguyen The Thao, Chairman of the municipal
People’s Committee, has requested relevant agencies to clarify the
causes behind those problems and work out measures to address them this

He said the city will take drastic and strict
measures to restore its economic growth, tackle difficulties for
businesses and boost production and trade.

are seven measure groups in focus, namely supporting the market, dealing
with goods in inventory; facilitating access to capital to boost
production and trade; effectively implementing fiscal policies; solving
difficulties in the real estate market; improving investment, production
and trade environment; enhancing information campaigns through the mass
media and establishing a steering committee for the measures.

In particular, Hanoi will spare no efforts to improve the quality
of public services and speed up the reform of procedures in investment,
land, credits, taxation, customs and business registration.

The city has organised two dialogues between the authorities, banks
and businesses in the locality to listen to investors’ needs and

Since the beginning of the year, the capital has
witnessed positive economic signs. In Q1, the gross regional domestic
product (GRDP) expanded 7.5 percent from the same period last year, with
service and agricultural sectors reporting improvements.

However, industry and construction plunged and the real estate market
showed no signs of recovery. A number of construction projects have
been delayed or rescheduled.-VNA

By vivian