Investment

Hanoi teams up with Pacific Construction to build a smarter, greener future for the city

Trade between Vietnam and China has quadrupled in the last decade.

The partnership is expected to create breakthroughs in key technology areas and job opportunities for Vietnamese talents.

The Vietnamese leader urges the aircraft manufacturer to collaborate on technology transfer, airport construction and operation, research, and investment in Vietnam.

The government proposes a design speed of 350 km/h for the railway to ensure a modern, integrated, and forward-looking infrastructure appropriate to Vietnam’s geographical and economic conditions.

Hanoi will continue to focus on quality projects, especially with partners such as Japan, the United States, and Europe to boost technology transfer.

The Vietnamese leader called on relevant agencies to resolve any challenges faced by investors and enhance the investment climate to encourage greater US investment in Vietnam.

Boeing is committed to continuing to support the development of Vietnam's aviation ecosystem, focusing on aviation infrastructure, human resources training, airport construction, and aircraft maintenance facilities.

Read The Hanoi Times to stay up to date on developments in Vietnam.

Over the past 20 years, Vietnam has emerged as a significant manufacturing hub, deeply integrated into global supply chains.

As the EU-Vietnam Free Trade Agreement (EVFTA) approaches its fourth anniversary on August 1, 2024, the latest survey by the European Chamber of Commerce in Vietnam (EuroCham) paints a nuanced picture of the pact's impact.

The project, once completed, is expected to enhance the logistics ecosystem for Vietnam’s central region.

Japan remains a top FDI investor in Vietnam, with manufacturing as its primary focus, as evidenced by the recent "Japan Business Pitch Vol.2" event

The city's target for FDI is approximately $3.1 billion in 2024 and $2.7 billion in 2025.

Private and foreign investors are currently not being considered for pilot projects due to unresolved legal and security issues.

Hanoi is considering licensing temporary car parks on vacant land left by delayed projects to address parking shortage, but a clear legal framework is needed.