Ha Noi: A “bright star” on FDI attraction map
VGP - Ha Noi attracted US$4.128 billion in foreign direct investment (FDI) during January-November, 2.3 times higher than the same period in 2024, making the capital city among the strongest magnets for FDI nationwide.
Of the figure, there were 404 new projects with US$333 million in registered capital; 137 projects with capital increases totaling US$3.308 billion; and 380 instances of foreign investors contributing capital or buying shares worth US$487 million.
A notable example is the Yen So Park project by Gamuda Land Viet Nam, which received a US$1.12 billion capital increase from its Malaysian investor, demonstrating long-term confidence in the Ha Noi market.
In November only, the capital attracted US$395.7 million in FDI, including 50 newly licensed projects with total registered capital of US$14 million; 13 adjusted projects with US$170.7 million; and 37 instances of capital contributions and share purchases amounting to US$211 million.
During the reviewed period, key investors in Ha Noi included Malaysia, Singapore, Japan, South Korea, China, and Taiwan (China).
FDI flows into Ha Noi is rising sharply with significantly improved quality, reflecting the appeal of a modern economic and technological hub, backed by new mechanisms and a long-term strategic investment vision through 2030.
The city's achievements are thanks to progress in institutional reform, infrastructure, resources, and administrative strategy and reflect a global trend of investment shifting toward stable cities with technological strength and high-quality human resources.
According to economist Dr. Nguyen Minh Phong, FDI plays a crucial role in transforming Ha Noi's economic structure toward high technology and high-quality services, generating employment, enhancing competitiveness, and reinforcing the investment environment.
He noted that the surge in investment from international corporations demonstrates strong strategic trust in the city's sustainable development prospects and advantages such as abundant labor force, improving transport infrastructure, and business-support ecosystem.
In addition, the ongoing shift of manufacturing to Southeast Asia—especially in high-tech industries—has made Ha Noi a choice for many corporations.
The amended Capital Law officially took effect from January 1 this year, opening a series of new mechanisms to enhance the city's competitiveness. Ha Noi aims to selectively attract projects that use clean, environmentally friendly technologies and have strong spillover effects on domestic supply chains, coupled with commitments to technology transfer.
This approach shows that the capital city is making a strong transition from attracting investment by quantity to investment by quality—aligned with global trends and its sustainable development goals through 2030.
Ha Noi strives to strengthen internal capacity, expand global connectivity
To reinforce its FDI foundation, Ha Noi is expanding cooperation with organizations and experts experienced in international investment. A key highlight is the Memorandum of Understanding (MoU) signed between the municipal Department of Finance and the Viet Nam Association of Foreign-Invested Enterprises (VAFIE) for the 2025–2030 period.
Deputy Director of the Department of Finance Le Trung Hieu said, this cooperation will create new momentum for the city's investment promotion efforts, establishing an effective connectivity between government agencies, business community, economic experts—helping to enhance Ha Noi's regional and international investment profile.
Under the MoU, the two sides will work together to develop an investment promotion program for 2026–2030, organize conferences, seminars, business dialogues, and welcome investor delegations to survey Ha Noi's investment environment.
The VAFIE will also gather recommendations from the business community and submit them to authorities to help Ha Noi refine its socio-economic development policies.
According to Ha Noi's FDI attraction strategy through 2030, the city aims for US$25 billion in registered capital and US$16 billion in realized capital, focusing on advanced technologies, clean technologies, and sectors with strong potential to global production and supply chains—serving as the guiding orientation for its in-depth investment attraction strategy./.
