HN seeks VND 161 trillion for trade development
VGP – Hà Nội is seeking over VND 161 trillion of investment to convert itself into a national and regional big trade center.
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Under the master plan, the city will need around 500 hectares and additional 2,260 hectares for trade projects by 2020 and 2030, respectively.
By 2030, Hà Nội will need over VND 521 trillion to build commercial infrastructure.
The master plan, especially, aims to make breakthroughs in trade development in Hà Nội by expanding scale, diversifying products, and improving quality to meet social demand.
Total retail sales of goods and services are projected to grow at 18-20% in the 2011-2015 period and 17-18% in the 2016-2020 period.
By 2020, processed products and services are expected to account for 65% and 25% of the capital’s export turnover, respectively.
According to the master plan, Hà Nội will build two agricultural wholesale markets in Long Biên – Gia Lâm districts and two wholesale centers, a financial center, a regional-level trade center, an international trade fare in Mỹ Đình urban area, and two trade complex centers in Thanh Xuân districts.
By 2030, three other agricultural wholesale markets in Phú Xuyên urban area, Quốc Oai district and Sơn Tây town will be established. Six trade centers will be built.
The local authorities would offer favorable conditions in terms of policy, tax and land for investors and put aside local budget to mobilize adequate capital for the realization of the master plan./.
By Kim Loan
