Illustrative picture (Photo: haiphong.gov.vn)

This year, the municipal People’s Committee reviewed and improved several low index scores, including time required for administrative procedures, the equal competition index, and indicators of transparency.

Hai Phong has tightened its budget and improved its trade and investment environment. The city has spent more on development investment in transportation and other infrastructure. Vice Chairman of the Hai Phong City People’s Committee Nguyen Van Thanh said: “We asked departments and agencies to adjust their urban development plans to save the best land for investors. We also established a center to promote trade and tourism investment. This is a one-stop shop that shortens the time and effort needed for administrative procedures, enabling investors to register and receive investment decisions in Hai Phong City in the shortest possible time. We will create more favorable conditions for domestic and foreign enterprises irrespective of economic sector”.

Mr. Thanh said Hai Phong will create a favorable business environment for small and medium-sized enterprises to increase their competitiveness.