Over the years, Hanoi city has organized quality conferences of foreign investment attraction, focusing on implementing measures to attract transnational corporations engaged in investment and business in Hanoi.
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Policies to Attract Foreign Investment in Hanoi
1. Over the years, Hanoi city has organized quality conferences of foreign investment attraction,
focusing on implementing measures to attract transnational corporations engaged in investment
and business in Hanoi.
To perform domestic and international cooperation activities on investment promotion. Hanoi is
constantly promoting and improving the efficiency of investment promotion activities, creating a
reasonable and effective connection between domestic and foreign investment promotion activities
in Hanoi in all fields, economic sectors; connecting investment promotion activities with trade
promotion, tourism, and other related activities.
In addition, Hanoi has issued the preferential policies according to priority development groups in
each locality based on the advantages and potentials of each locality; innovating the
implementation method to well perform the works of attracting, calling and directing foreign
investment; renovating mechanisms and policies to attract maximum financial resources from all
economic sectors, especially mobilize idle capital from the population to develop production and
business.
Hanoi is one of the cities that has favorable business conditions for high technology investors. The
improvement of the business environment has greatly contributed to attracting domestic
enterprises, foreign enterprises, and corporations to invest in industrial areas in Hanoi. Hanoi not
only focuses on developing preferential policies for investors but also promotes the completion of
industrial areas, especially high-tech parks. Many FDI enterprises and corporations investing in
Hanoi appreciate the improvement of the business environment of Vietnam in general and Hanoi
in particular. So the FDI corporations have affirmed that they will choose Hanoi as a place to
expand their investment and business in the coming years, especially in the high-tech field.
According to the government in Hanoi, in recent years, Hanoi has become a center of attracting
FDI of Vietnam. Currently, this city has more than 6,300 valid FDI projects with a total registered
capital is more than 46,8 billion USD. In 2020, despite the Covid-19 epidemic influence, Hanoi
still has attracted 4 billion USD of FDI capital and 145,000 billion of domestic capital.
Based on the attracting FDI schedule, from 2021 to 2025, Hanoi will attract 30-40 billion USD of
foreign investment capital, in which 20-30 billion USD of disbursed capital. To achieve this goal,
Hanoi will promote the investment attraction, focus on the investment in economic infrastructure
development, developing the high-tech parks, industrial areas, industrial clusters according to
planning, making the investment attraction lists for regions, fields, and products, selecting the
investment for the projects using high technology which help the investors could make the
investment in the city in an easy way.