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Feb 19, 2019 / 19:19

Hanoi – Japan Investment and Tourism Cooperation to return by end-March

Among countries and territories investing in Hanoi, Japan claimed the top spot with US$10.4 billion, followed by Singapore with US$6 billion and South Korea with US$5.48 billion.

The Hanoi – Japan Investment and Tourism Cooperation conference is scheduled to take place on March 29, 2019, according to the Office of the Hanoi People’s Committee. 
 
Overview of the 2018 Hanoi - Japan Investment and Tourism Cooperation.
Overview of the 2018 Hanoi - Japan Investment and Tourism Cooperation.
The event is part of Hanoi’s effort to promote the capital’s business environment and investment opportunities, while continuing to attract foreign direct investment from Japan. 

Moreover, Hanoi targets to search for experienced and capable investors to invest in the city, in turn facilitating its socio-economic development. 

Companies and investors from Japan would be briefed on investment and tourism cooperation between Hanoi and Japan; Hanoi’s vision for socio-economic development in the 2019 – 2020 period and its huge opportunities for investment. 

In 2018, Hanoi topped nationwide in FDI attraction for the first time in 30 years of economic opening-up, reaching US$7.5 billion. A total of US$18.9 billion has been disbursed, accounting for 52.5% of the total commitments. 

Real estate was the most heavily invested sector by foreign investors with 29.53% of total FDI inflow, followed by manufacturing and processing with 20.01% and telecommunication with 11.48%. 

Among countries and territories investing in Hanoi, Japan claimed the top spot with US$10.4 billion, followed by Singapore with US$6 billion and South Korea with US$5.48 billion, stated Vice Chairman of the Hanoi People’s Committee Nguyen Doan Toan. 

In the 2019 – 2020 period, Hanoi would focus on encouraging FDI investment in urban infrastructure development, high added value services, trade and education. 

Chairman of the Hanoi People’s Committee Nguyen Duc Chung said the capital has been proactive in searching for credible foreign investors with high quality projects. 

Hanoi will continue to establish a favorable investment and business environment so that enterprises and investors can successfully carry out their business and production plans, Chung affirmed.