Hanoi is planning to host an investment promotion meeting on June 27, showing its strong determination to attract more high-quality foreign-direct investment (FDI).
|Hanoi discussing investment attraction at its January review meeting |
Themed "Hanoi 2020 – Investment Co-operation and Development", the event is scheduled to attract over 1,000 domestic and international businesses, as well as government leaders and international organisations.
As part of the meeting, Hanoi will provide an update on its socio-economic development and FDI attraction performance between 2016 and 2019, as well as its FDI attraction orientations in 2020 and the coming years.
As planned, the capital city will grant investment certificates and a number of memoranda of understanding (MoUs) to investors at the meeting. Potential projects focus on industry clusters, industrial parks, outlets, new urban areas, and waste treatment systems, among others.
Through the meeting, Hanoi showcases its strong determination to be a pioneer in economic recovery and development post-COVID-19, as well as to strengthen administrative reform to improve the business climate, and spur economic growth, thus enabling the city to achieve the target of 1.3 times the country's average economic growth in 2020.
Hanoi has been among the top five investment destinations for foreign financiers. According to statistics from the Ministry of Planning and Investment, in 2019, Hanoi took the lead among the country’s most attractive investment spots with total registered FDI of $8.45 billion. In the first five months of 2020, Hanoi ranks the fourth with total registered capital of over $1.6 billion.