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Hanoi’s efforts to iron out snags for businessesIn 2014, Hanoi will intensify administrative reform in a bid to alleviate difficulties for businesses.

In 2013, the capital city’s working groups have surveyed nearly 100 enterprises to help them remove difficulties by promoting trade and investment, dealing with large inventories and boosting production and exports.Hanoi has provided investment loans worth VND7.6 billion and applied tax relief and exemption for businesses totaling VND4,500 billion.

Greater attention has been given to promoting the property market and accelerating the disbursement of support packages for house purchasing. As many as 84.3 billion has been disbursed so far for 21 customers.

Next year, the Hanoi municipal People’s Committee will focus on supervising major business establishments and underway real estate projects with the aiming of pushing up production, diversifying products and improving competitiveness.

The city has also pledged to provide businesses with credit loans at reasonable interest rates, complete the building of industrial parks and industrial clusters and effectively implement programmes to step up industrial production and exports.

(VOV)

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