General articles are free for 24 hours after publish.
Hanoi Businesses Urge Action on Capital, Logistics Bottlenecks to Boost Exports
Businesses in Hanoi are calling for improved access to capital and the removal of logistics bottlenecks to boost exports. Small and medium-sized enterprises, in particular, are looking to the government to optimize resource allocation to achieve growth targets. However, delays in infrastructure development and shortages of construction materials are hindering progress on some projects.
Businesses in Hanoi are urgently calling for improved access to capital and the removal of logistics bottlenecks to boost exports, as the capital city aims for robust economic growth. Chairman of the municipal People’s Committee Vu Dai Thang emphasized that unlocking and optimizing the allocation of capital resources will be crucial for businesses, especially small and medium-sized enterprises (SMEs), to create more jobs and added value, supporting Hanoi’s target of at least 11% annual GRDP growth from 2026 to 2030. However, progress in infrastructure development faces challenges, with several key projects experiencing delays in site clearance and shortages of construction materials. Some projects scheduled for completion in 2026 still have a substantial volume of work remaining, posing a significant hurdle to achieving economic growth objectives. On the logistics front, efforts are underway to optimize port capacity and enhance the competitiveness of the city’s seaport system, with a focus on maximizing the efficiency of the Lach Huyen international gateway port. Nevertheless, reducing overall logistics costs and improving efficiency in import-export activities remain critical concerns for businesses. Vietnam consistently regards the US as one of its leading strategic partners and aims to maintain and develop the comprehensive strategic partnership for the benefit of the two peoples, while contributing to regional and global peace and cooperation. The country is committed to dialogue with investors and fostering mutually beneficial relationships. Meanwhile, international trends such as tightened regulations on crypto assets and increasing investor preference for assets with clear legal backing may also influence Vietnam's financial policies. Sustaining economic growth necessitates domestic infrastructure development and further integration into international supply chains. Enhanced government support measures are particularly needed for SMEs to maintain their competitiveness in the global market. Information Source: VietnamPlus English
Original source
VietnamPlus English