Hanoi seeks ways to bolster investment, trade, and tourism with South Africa

Hanoi seeks ways to bolster investment, trade, and tourism with South Africa. Photo: Hanoi

The Vietnam – South Africa Investment, Trade and Tourism Investment Conference, themed "Hanoi Destination – Opportunities and Potentials for Cooperation", took place on October 29 in Johannesburg. The event is part of the city’s efforts to promote its business environment to international investors and businesses.

The event saw the participation of leaders from Hanoi as well as representatives of South African businesses in the fields of investment, trade, and tourism.

Hanoi has emerged as an attractive destination for tourists and a safe, attractive, and stable destination for businesses in Asia.

The city has constantly innovated to improve the quality of operations, creating a favourable business climate. The efforts have made a significant contribution to the socioeconomic development of the city and Vietnam.

During the country’s integration with the global economy, Hanoi has identified the business community as an important driving force for the development and integration of the capital. The city’s investment attraction strategy gears towards sustainable development goals, with a priority on quality projects and products with added value and competitiveness.

South African investors and businesses are keen on the opportunities in Hanoi. Photo: Hanoi

Efforts are also being made to bolster innovation and knowledge transfer, improve management capacity and efficiency, and innovate investment promotion associated with trade and tourism promotion.

The city will step up digital transformation by sharing all land use plans transparently. Drastic action is being taken to build an open, convenient, transparent, and fair business environment.

Hanoi is calling for investment in key sectors, including agriculture, tourism, education, and healthcare. In particular, focus is also being given to emerging industries such as electric vehicles, electric vehicle batteries, pharmaceuticals, and industrial equipment. The city will also strengthen cooperation in the fields of agricultural product processing, minerals, natural resources and environment, and wildlife conservation.

The investment conference provided a chance for businesses and investors in South Africa to explore the investment climate and incentives in Hanoi. The event also introduced commercial products, key craft villages, unique cultural and tourism destinations, and the attractive cuisine of the capital city.

The event is expected to contribute to cementing the partnership between Hanoi, Vietnam, and South Africa.

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