Hanoi to Debut Investment, Trade and Tourism Promotion Fund
The Hanoi People's Committee recently agreed in principle the establishment of the Investment, Trade and Tourism Investment Promotion Fund. The Hanoi Investment, Trade and Tourism Investment Promotion Centre was assigned to work with the Department of Internal Affairs, the Department of Industry and Trade (which manages the Trade Promotion Fund) and relevant bodies to study the plan and submit the operating form, functions and tasks of the Investment, Trade and Tourism Investment Promotion Fund to the Hanoi People’s Committee for approval.
The fund will perform economic development tasks, strengthen investment promotion, mobilise domestic and international resources for development investment, boost solutions to clear difficulties, accelerate production and business of local enterprises, and report to the municipal government.
According to the Hanoi Tourism Department, international tourist arrivals to Hanoi approximated 3.2 million in the first 10 months of 2016, a year on year increase of 23 per cent. If domestic tourists are included, the city welcomed over 18 million tourists. Total tourism revenue was VND50,690 billion.
Le Hien
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