Foreign Investors

Hanoi will continue promotion efforts with trade and tourism initiatives to achieve its investment attraction strategies.

To foster industrial growth, Hanoi aims for all key industrial enterprises to benefit from the city's support policies.

In the fourth quarter, the city will prioritize the disbursement of public investments for both 2024 and the 2021-2025 period.

Starting November 2, foreign investors will no longer be required to pre-fund 100% of their transactions, promising the removal of a major roadblock for Vietnam's market upgrade process.

The event will enable local businesses to promote their industrial products and encourage cooperation between companies inside and outside the industrial zones.

The average per capita pharmaceutical consumption in Vietnam reached $70 in 2023, a tenfold increase compared to 2000.

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

The event will be attended by the representatives of between 50 and 60 foreign companies that are active in Hanoi.

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.

Samsung is currently the largest foreign direct investor in Vietnam, with major projects in Bac Ninh, Thai Nguyen and Ho Chi Minh City worth up to US$22.4 billion.