(VOVworld) - Hanoi will hasten administrative reforms in customs and tax and create favorable conditions for production in an effort to boost the city's exports.

The capital city aims to achieve an export growth of 7.5 percent to reach a turnover of 12.2 billion USD this year, seeing not only great opportunities but also challenges arising from free trade agreements. According to the municipal People's Committee, the formation of the ASEAN Economic Community and the participation of Vietnam in new-generation FTAs were opening the doors for the city to boost exports, given the elimination of many tariff lines. In addition, the application of the amended enterprise and investment laws would also power local production and business.