What makes Ha Noi remain attractive destination for foreign investors?

The capital city licensed 301 new projects with total registered capital of US$307 million while 114 existing projects increased their investment capital by US$3.217 billion. There were 265 capital contributions and share purchases worth US$373 million.

The Hoa Lac Hi-Tech Park and the capital's industrial zones are described as "magnets" attracting high tech and R&D projects. In the January-September period, they lured more than US$312 million, meeting 60 percent of the whole year's target.

Since 1986, the capital city has consistently maintained its position as one of the leading localities in Viet Nam in attracting FDI. By June this year, FDI inflows to the city reached about US$61.5 billion in 7,710 valid projects from 117 countries and territories, with Japan, Singapore, and South Korea among the top investors.

Key factors behind Ha Noi's attractiveness

Deputy head of the municipal's Department of Finance Le Trung Hieu said, the strong appeal of large-scale capital expansion projects demonstrates the confidence of international corporations in Ha Noi's business environment and its potential for sustainable development.

The city's strategic geographic location and well-developed infrastructure are also key advantages, making the capital city an important gateway with a modern transportation system that facilitates logistics and market connectivity, he noted.

In addition, the abundant and high-quality human resources provided by hundreds of universities and colleges represent a major competitive edge, especially in technology and engineering fields.

Moreover, the favorable investment and business environment has been further strengthened by the city's efforts to streamline administrative procedures, enhance regulatory transparency, and implement investment incentive policies, noted the official.

Le also highlighted that a vast consumer market of over 8 million people, rising per capita income, and great potential for urban and service-sector development have built a solid foundation for Ha Noi to retain investors.

Ha Noi capitalizes on advantages to attract FDI

Ha Noi still has vast potential to attract FDI, especially in high value-added sectors. The city is positioning itself as a center for high technology and semiconductors, with strong potential in R&D and innovation, supported by its skilled human resources.

There is also significant investment demand in smart urban solutions, green infrastructure, renewable energy, and advanced waste treatment technologies. In addition, high-quality service sectors such as finance, banking, tourism, healthcare, and education offer great potential for attracting foreign investment.

Besides, optimizing resources through streamlining the government apparatus will help reduce overlap, enhance management efficiency, and improve governance in Ha Noi.

The expansion of development space will create additional land reserves that appeal to investors, particularly in suburban areas.

Meanwhile, a more extensive and integrated infrastructure network will facilitate the movement of goods and labor, thereby promoting production and business activities.

A larger urban scale combined with a modern living and working environment will attract more high-quality human resources, meeting the needs of high-tech and advanced service projects.

With its existing advantages, Ha Noi is poised for a breakthrough to affirm its position as one of Viet Nam's leading centers of economic development and investment./.