Hanoi attracts over US$1.1 billion in FDI in Jan-May
The city has hosted a series of meetings and dialogues to resolve difficulties and obstacles in a wide range of areas, including procedures, land policy and taxation.
The city has hosted a series of meetings and dialogues to resolve difficulties and obstacles in a wide range of areas, including procedures, land policy and taxation.
Read the Hanoi Times for more updates about Vietnam.
Foreign investors poured nearly US$1.7 billion into Vietnam as of January 20.
The capital city ranks among the top localities in foreign direct investment attraction.
The country has gradually developed into a semiconductor manufacturing hub for the growth of the chip manufacturing sector.
Hanoi will seek measures to facilitate South Korean investments and address problems in compliance with legislation.
Between January and October, Hanoi remains among the top provinces and cities in terms of attracting foreign investment.
Between January and September, Hanoi's domestic companies earned a total of US$7.1 billion from exports, while FDI firms sold $6 billion worth of products to overseas markets.
A worsening global economic environment is taking its toll on the optimism amongst European business leaders in Vietnam.
Many ASEAN companies in recent years have found Hanoi a top choice for investment as the city is in good shape in terms of manpower, political stability, and business environment.