At present, Hanoi has lured 7,363 foreign-invested projects with a total registered capital of US$41.170 billion, accounting for 18% of the total projects and 8.77% of the nation’s total FDI inflows.

Last year saw the capital attract US$2.73 billion in FDI, including 408 new projects, 174 adjusted-capital projects, and 318 transactions of capital contribution and share purchases made by investors.

This year the city is striving to attract about US$3.15 billion in FDI and roughly US$2.7 billion by 2025.

Currently, Hanoi has identified a number of priority investment fields in accordance with the overall development trend, with some industries seeing bright prospects for participating in the global value chain. This includes smart cities, supporting industries, finance and banking and human resource training, high-tech agriculture, as well as clean and safe food.

The capital city is also devising a plan aimed at developing industrial zones and clusters, as well as accelerating transportation infrastructure to attract more foreign investors, especially in the fields of urban development and production, science and technology.

Source: VOV