Hanoi Investment and Development Co-operation Conference to welcome 1,200 investors

The press conference announcing the Hanoi Investment and Development Cooperation Conference

Prolonging the success of previous conferences, on June 27, Hanoi will organise the annual Investment and Development Co-operation Conference, marking the first of a series of events to be hosted by Hanoi in response in celebration of the city’s 17thParty Congress, 1010th anniversary of Thang Long, Hanoi, and the 13rd Party National Congress.

At the conference, the city will grant investment planning licenses for over 116 newly-registered projects with the total investment capital of VND339.6 trillion ($14.77 billion), and several existing projects with the total added capital of VND266.2 trillion ($11.57 billion).

In addition, leaders of the city people’s committee will sign MoUs with organisations, enterprises, and investors with the total cost of $26.07 billion, including 23 with local enterprises (worth $17.85 billion) and 13 with foreign investors worth $8.22 billion.

Furthermore, the city is calling for investment in 282 projects with the estimated combined cost of VND483.1 trillion ($21 billion).

Organising the conference after Hanoi’s lifting of the COVID-19 social distancing order sends a strong message about the efforts of the capital and Vietnam to lure investment from domestic and overseas businesses.

More than ever, Hanoi remains a safe and stable investment destination for investors as the capital city is determined to be the pioneer among Vietnam’s localities in rebooting the economy in the post-pandemic period.

The conference is an occation to connect the leaders of Hanoi People’s Committee with leaders of cities and provinces and investment promotion centres to bring investors to the cities in the country in general and Hanoi in particular.

In addition, based on the results of investment attraction since 2016 (the first year that Hanoi organised this event), parties will discuss solutions to increase the effectiveness of investment attraction.

In 2020, Hanoi targets economic growth that is 1.3 times higher than the national average, with a budgetary revenue of VND285 trillion ($12.39 billion).