During a working session in Hanoi on December 10 with President and CEO of Japan’s Sumitomo Corporation Masayuki Hyodo, Chung lauded Sumitomo and the CEO himself for investing in major projects and introducing other firms to invest in the city.

At the working session.

He said Hanoi always takes the lead nationwide in terms of foreign direct investment attraction with an estimated value of over 10 billion USD this year, raising the total investment it has attracted so far to 42 billion USD.

The host said Sumitomo’s building of a smart city in the north of Hanoi will help ease pressure on the inner city. The city will cost over 4.1 billion USD and will cover 271.45ha in Vinh Ngoc and Hai Boi communes, the outlying district of Dong Anh.

Chung said the city has directed local authorities and agencies to step up site clearance and offer assistance to the investor.

Hyodo, for his part, said Sumitomo will do its best to complete the project as scheduled.

As Sumitomo will celebrate its 100th founding anniversary this month, he expressed hope that it will further grow and invest more in Vietnam and Hanoi in particular.

Hanoi’s leader promises to facilitate Korean investment projects

Chairman of the Hanoi People’s Committee Nguyen Duc Chung said the capital city is ready to create favourable conditions for projects by businesses from the Republic of Korea (RoK).

Tan Yen accelerates investment promotion in locality

(BGO)- In line with economic development in 2019, Tan Yen district (Bac Giang province) sees dramatic development of enterprises in both quantity and quality. 

Vietnam, US look to expand trade, investment cooperation

The US attaches special importance to developing cooperative ties with Vietnam in different fields, visiting US Secretary of Commerce Wilbur Ross told Minister of Industry and Trade Tran Tuan Anh.

Vietnam promotes trade exchange and investment at SIPA 2019

Vietnamese Trade Counsellor to Algeria Hoang Duc Nhuan attended and promoted trade exchange and investment with Oran businesses in particular and Algerian firms as a whole at the eighth International Fair for Fisheries and Aquaculture (SIPA 2019), which opened in the Algerian city on November 6.

Foreign businesses look to expand investment in Vietnam

Many foreign businesses have come to explore the investment opportunities in Vietnam recently with the intention of investing or expanding operation in the country, according to the Ministry of Industry and Trade.

Source: VNA