Politburo member and Secretary of the Hanoi Party’s Committee Hoang Trung Hai speaks at the event (Photo: VNA)Hanoi (VNA)– The Hanoi Development Investment Fund (HADIF) has set to expand cooperationwith local and foreign financial organisations and investors in a bid to drawtheir investment in the capital city’s socio-economic development.
The HADIF had aworking session with Politburo member and Secretary of the Hanoi Party’sCommittee Hoang Trung Hai in Hanoi on May 14, reviewing its performance in 2018and the first four months of 2019 and initiating works in the rest months ofthe year.
Hai hailed the HADIF’scapital mobilization and use over the past time, saying it contributed to thecapital city’s socio-economic development success.
He noted the fund’s continuous important role in assisting Hanoi to accomplishits set economic growth and social security goals, asking its board ofdirectors and staff to work harder together to improve the fund’s operationefficiency.
Apart from speeding up the administrative reform, the HADIF should consult themunicipal authority mechanisms and policies that would unblock difficulties forbusinesses and speed up the disbursement of its loans.
HADIF Director General Chu Nguyen Thanh reported that the fund was formed bymerging the former city development investment fund, the city land developmentfund, the Hanoi environment protection fund and the municipal technology andscience development fund and its current staff numbers 146.
It has a fund of 2.46 trillion VND and used nearly 690 billion VND of them tolend safe water, electricity, education, and resettlement housing projects.
The fund has organized six conferences to seek to diversify its borrowers. Ithas worked with over 50 projects on healthcare, education, safe water supply,social housing, infrastructure and industrial zones for capital lending, andsigned four lending agreements worth nearly 1.4 trillion VND.
It has outlinedplans on mobilizing capital for investment and loans in the fields directed bythe municipal authority along with coordinating with departments and sectors toconsult the authority the more efficient ways of mobilizing and using capital.
Chairman of the Hanoi People’s Committee Nguyen Duc Chung signed Decision No.06/2018/QD-UBND approving the organization charters and operation of HanoiDevelopment Investment Fund.
Underthe Decision, the fund is a financial institution belonging to the HanoiPeople's Committee tasked with investment development and financial investmentin accordance with Decree No.37/2013/ND-CP dated August 28, 2007 by theGovernment on the organization and operation of the local DevelopmentInvestment Fund.
HADIFwas reorganized by Decision No.418/QD-UBND dated January 21, 2017 by the HanoiPeople's Committee for the purposes of receiving budget capital, mobilizingmedium- term and long-term capital from organizations and individuals in thecountry and abroad. It aims to lend as well as invest in projects andenterprises to develop Hanoi’s infrastructure and socio-economic development.-VNA
The HADIF had aworking session with Politburo member and Secretary of the Hanoi Party’sCommittee Hoang Trung Hai in Hanoi on May 14, reviewing its performance in 2018and the first four months of 2019 and initiating works in the rest months ofthe year.
Hai hailed the HADIF’scapital mobilization and use over the past time, saying it contributed to thecapital city’s socio-economic development success.
He noted the fund’s continuous important role in assisting Hanoi to accomplishits set economic growth and social security goals, asking its board ofdirectors and staff to work harder together to improve the fund’s operationefficiency.
Apart from speeding up the administrative reform, the HADIF should consult themunicipal authority mechanisms and policies that would unblock difficulties forbusinesses and speed up the disbursement of its loans.
HADIF Director General Chu Nguyen Thanh reported that the fund was formed bymerging the former city development investment fund, the city land developmentfund, the Hanoi environment protection fund and the municipal technology andscience development fund and its current staff numbers 146.
It has a fund of 2.46 trillion VND and used nearly 690 billion VND of them tolend safe water, electricity, education, and resettlement housing projects.
The fund has organized six conferences to seek to diversify its borrowers. Ithas worked with over 50 projects on healthcare, education, safe water supply,social housing, infrastructure and industrial zones for capital lending, andsigned four lending agreements worth nearly 1.4 trillion VND.
It has outlinedplans on mobilizing capital for investment and loans in the fields directed bythe municipal authority along with coordinating with departments and sectors toconsult the authority the more efficient ways of mobilizing and using capital.
Chairman of the Hanoi People’s Committee Nguyen Duc Chung signed Decision No.06/2018/QD-UBND approving the organization charters and operation of HanoiDevelopment Investment Fund.
Underthe Decision, the fund is a financial institution belonging to the HanoiPeople's Committee tasked with investment development and financial investmentin accordance with Decree No.37/2013/ND-CP dated August 28, 2007 by theGovernment on the organization and operation of the local DevelopmentInvestment Fund.
HADIFwas reorganized by Decision No.418/QD-UBND dated January 21, 2017 by the HanoiPeople's Committee for the purposes of receiving budget capital, mobilizingmedium- term and long-term capital from organizations and individuals in thecountry and abroad. It aims to lend as well as invest in projects andenterprises to develop Hanoi’s infrastructure and socio-economic development.-VNA
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