Lan asserted that despite the excellent results, the legal environment is inadequate to support groundbreaking moves and that ties between Hanoi and its neighboring provinces have remained weaker than expected. In comparison to a year ago, total retail sales grew by 25% to VND700 trillion (US$29.8 billion), and export revenue increased by 10.3% to US$17.1 billion. In 2022, the total capital of FDI projects in Hanoi increased by 10.3% annually, hitting nearly US$1.7 billion. "Municipal authorities will also assist investors and business communities in resolving issues with laws pertaining to the investment environment," she noted.Īdditionally, Hanoi will enhance the development of smart infrastructures, and set up top-class trading centers, terminal markets and shopping outlets both regionally and nationally, Lan said.Īs the nation's hub for politics, business, culture, and technology, Hanoi has implemented sensible policies and made significant strides in its socioeconomic development. She said that in order to achieve the goal, Hanoi wants to make it easier for businesses to operate, help them become more competitive in the market, and promote the socioeconomic development of the Red River Delta. Tran Thi Phuong Lan, Acting Director of the Hanoi Department of Industry and Trade, shared that idea at a conference on the socioeconomic development of the Red River Delta Region, stating that the Hanoi government is adamant about working with neighboring provinces and cities to reinforce their mutual ties and further the region's growth.
The Hanoi-Hai Phong Highway that connects the capital city to Hai Duong Province and Hai Phong City.
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