Capital Law should help Hanoi attract multinationals: Expert
To further bolster its appeal, Hanoi should establish regulations that provide favorable living, working, and educational conditions for investors' family members.
To further bolster its appeal, Hanoi should establish regulations that provide favorable living, working, and educational conditions for investors' family members.
Hanoi has always been one of the top choices for investors and remains at the forefront of investment attraction.
Hanoi emerged as the frontrunner in attracting foreign investment capital in the initial half of 2023, with a total registered amount of US$2.265 billion, as the General Statistics Office reported.
The list includes some major real estate projects in the capital.
Hanoi has accumulated about US$69.844 billion in foreign direct investment, ranking second in the country.
Hoa Lac Hi-tech Park is home to many scientific research and technology development centers of major economic groups, research institutes, and universities.
Hanoi would continue to facilitate companies and treat all equally regardless of their status as local or foreign-invested.
Hanoi targets to draw US$30 billion-$40 billion of FDI into projects focused on sustainable development, high value-added creation, and with a competitive edge in 2021-2025.
FDI in Hanoi has been upward in recent years, especially as Vietnam becomes increasingly integrated into the global economy.
Despite the challenging global economic environment, Hanoi has been creative in promoting investment facilitation programs and accompanying businesses in their recovery efforts from severe Covid-19 impacts.