Foreign Investment

Hanoi is rapidly emerging as a key data center hub in the region, driven by its impressive leap from a developing to a developed economy.

This strategic partnership aims to promote investment cooperation, commercial development, and overall growth in the high-tech sector, particularly in semiconductors, for the benefit of both Taiwan (China) and Vietnam.

Economic figures highlighted the performance of the city in the first seven months of this year.

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.

Trade between Vietnam and Japan reached US$21.7 billion in the first half of this year.

Hanoi is resolutely undertaking support measures for businesses and increasing the accountability of various levels of authorities, sectors and individual positions in fulfilling their assigned tasks.

2024 is a pivotal year, opening up new opportunities for Vietnam to attract high-quality foreign investment.

Hanoi ranks third in the country as the most attractive destination for foreign investors.

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Vietnam said the fund is useful for its digitalization and green transition which are key to the realization of the 2050 net zero commitment.