Innovation to promote investment promotion and business support
Deputy Director of Hanoi Department of Finance Le Trung Hieu said that over the years, Hanoi city has always accompanied, supported, and removed difficulties for the business community, contributing to improving the investment and business environment, and enhancing provincial competitiveness.
Notably, research and development of flexible and effective investment attraction mechanisms and policies, focusing on incentives by industry and location, and comprehensive business support through special working groups to remove difficulties and maintain regular dialogue channels.
In particular, the city's FDI attraction results in the first 6 months of 2025 increased dramatically with more than 3.67 billion USD, an increase of 216% over the same period in 2024 and rose to the top of the country.
The number of newly registered businesses has increased sharply, with the Business Registration and Corporate Finance Department processing 500-1,000 new registration applications per day, showing that investors have confidence in Hanoi's investment environment.
Despite impressive results, Hanoi still has a lot of room to attract investment. Therefore, investment promotion and business support are given attention, focus and innovation to further promote efficiency.
The Department of Finance hopes that business associations will join and coordinate in building an investment promotion ecosystem, supporting businesses, and creating a solid foundation for Hanoi to be a destination that not only attracts but also retains investors.
Businesses need support with premises, capital, and policies.
At the meeting, representatives of associations made many proposals and recommendations, focusing mainly on premises, policies, networks, and support.
Chairwoman of the Hanoi Handicraft and Craft Village Association Ha Thi Vinh said that activities in craft villages not only develop the economy but also preserve cultural identity.
However, many members of the Association have difficulty with land. Therefore, it is recommended that the authorities consider building industrial clusters in craft villages, supporting businesses and business households to rent production premises. In addition, the authorities should allow for increased height when building in industrial clusters to facilitate investment in technology and equipment to improve production.
The representative of the Hanoi Association of Small and Medium Enterprises proposed that there should be a fund to support small and medium enterprises owned by women, and at the same time, there should be policies to support loans, premises, techniques, 1:1 consulting, and organize training classes for women to start businesses.
Investment promotion and business support activities need to be planned early and widely communicated for the association to grasp.
Meanwhile, Mr. Nguyen Van, Permanent Vice President of the Hanoi Association of Supporting Industry Enterprises, expressed his opinion that the Department of Finance should advise the city to build mechanisms and policies suitable to the reality of each type of enterprise, along with promoting domestic and international investment for enterprises in the capital.
Sharing the same view, Vice President and General Secretary of the Hanoi Young Entrepreneurs Association Tran Van Minh hopes that the city will organize programs to promote product output and markets for businesses, and at the same time review and evaluate the results of implementing policies to support businesses because during the implementation process, some businesses still face difficulties.
Attending the meeting, Ms. Tran Thi Phuong Lan, Vice President of the Vietnam Retailers Association, said that the city has many policies to support investment attraction, trade promotion, startup promotion, etc., but the annual policy mechanisms often change or are not regularly reviewed, so there are still shortcomings and overlaps.
Ms. Tran Thi Phuong Lan suggested that with foreign promotion into Vietnam, the city should focus on high technology with a green and clean trend; or the financial, service, entertainment, healthcare, and education sectors that Hanoi currently has many advantages. With the craft village area, Hanoi should attract investment in the deep processing sector...
Regarding foreign markets, Ms. Tran Phuong Lan suggested supporting businesses to research new markets, markets that Vietnam has signed free trade agreements (FTAs), and emerging markets so that businesses can invest.
Regarding industrial clusters, Ms. Tran Thi Phuong Lan suggested promoting investment in industrial cluster infrastructure to accelerate the formation of industrial clusters according to planning, meeting production space requirements; supporting small and medium enterprises and business households to rent space to develop production and business in a green, clean and beautiful direction.
Source: https://hanoimoi.vn/ha-noi-ban-giai-phap-xay-dung-he-sinh-thai-xuc-tien-dau-tu-ho-tro-doanh-nghiep-710874.html
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