Hanoi ready to welcome foreign direct investment wave
Despite difficulties and challenges, the capital city of Hanoi has still lead the nation in foreign direct investment (FDI) attraction over the past years, drawing 2.53 billion USD in the first nine months of this year.
Hanoi (VNA) – Despite difficulties and challenges, the capital city of Hanoi has still led the nation in foreign direct investment (FDI) attraction over the past years, drawing 2.53 billion USDin the first nine months of this year.
With its competitive edges such as sustainablesocio-economic development, abundant workforce, promising market and diverseservices, Hanoi not onlyshowcases its strategic location but also receives high praise for itsinfrastructure, supporting services, and collaboration with businesses.
Since Hanoiwas expanded, its economy has remained a locomotive, serving as a driving forceof the northern key economic region and playing an increasingly important rolein the national economy.
Notably, tourism has gradually become a spearhead economic sector, helping Hanoi to rank in the top 10 fastest-growingtourism cities worldwide and named in the list of the 25 most popular touristdestinations globally.
During the 2015-2022 period, Hanoi actively extended itsexternal relations and promoted culture and friendship exchanges, contributingto trade promotion and FDI attraction. It has so far formed cooperative tieswith over 100 capitals and major cities across the world, maintaining its active rolein multilateral cooperation frameworks.
Deputy Director of the municipal Department of Planning andInvestment Vu Duy Tuan said with its strategic location and special advantages,Hanoi is well-positioned to draw FDI in technology, especially the semiconductor industry.
CEO and Founding Partner of VinaCapital Don Lam said anumber of organisations, firms and groups are interested in semiconductormanufacturing in Vietnam and Hanoi in particular. It is the biggest opportunity ever for Vietnam to access thismulti-billion-dollar market.
According to Chairman of the municipal People’s CommitteeTran Sy Thanh, Hanoi is in the process of rebuilding the Capital Law, with twomaster plans on its development orientations till 2045 with a vision to 2065.
Accordingly, the city has identified several prioritysectors that could join the global value chain and fully tap the strengths oflocalities such as real estate, commercial infrastructure, high- and environmentally-friendly technology sector using less energy.
During the 2021-2025 period, it is striving to attract 30-40billion USD in FDI and disburse 20-30 billion USD, with a focus on urbaninfrastructure, smart city development, supporting industry using modern andeco-friendly technologies, Thanh said./.
Hanoi has maintained its position as the leading destination in Vietnam for foreign direct investment (FDI), bringing in nearly 2.53 billion USD in registered capital during the first nine months of 2023 and representing nearly 12.5% of the country’s total.
Hanoi’s outlying district of Thanh Oai, which is rich in cultural values and traditional craft villages, has focused on promoting agricultural, rural tourism models as part of efforts to fully exploit its tourism advantages.
Hanoi's urban railway and bus systems transported more than 417 million passengers in the first three quarters of the year, equivalent to 96.4% of the set plan, and representing an increase of 56.8% compared to the same period last year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
Illustrative image (Photo: VNA) 
