At a meeting of the municipal administration to review the city’s FDI attraction in the past months, Tu also said the city expects to attract about 484.8 million USD in the two remaining months of this year.

Workers produce sausage at the factory of the Thailand-invested CP Vietnam Livestock JSC in Hanoi.

The city will strive to get about 3.15 billion USD in FDI next year and about 2.7 billion USD in 2025.

Tu said that as the country is entering a period of deeper economic integration, Hanoi considers the business community in general and FDI businesses in particular a key driver of the city’s economic growth and integration.

Speaking at the meeting, Vice Chairman of the municipal People’s Committee Nguyen Manh Quyen requested departments, branches and local authorities to intensify administrative procedure reforms, promptly solve obstacles and boost investment promotion activities.

He also asked managers of industrial parks in the city to improve their infrastructure.

Investment promotion activities must be carried out economically, practically and effectively. Relevant departments and agencies should provide sufficient information and timely support to investors, he said.

Firms hold chances to boost supporting industries amid FDI inflows

As Vietnam is emerging as a magnet for foreign businesses, domestic companies now have numerous opportunities to join global supply chains and develop supporting industries.

FDI seems set to beat last year’s $27.7B

Foreign direct investment this year is likely to exceed last year’s US$27.7 billion, KB Securities Vietnam Company said.

PM Pham Minh Chinh chairs conference with FDI enterprises

Prime Minister Pham Minh Chinh chaired a conference with foreign direct investment (FDI) enterprises in Hanoi on October 16.

Hanoi continues to lead in FDI attraction in first nine months

Hanoi has maintained its position as the leading destination in Vietnam for foreign direct investment (FDI), bringing in nearly 2.53 billion USD in registered capital during the first nine months of 2023 and representing nearly 12.5% of the country’s total.

Bac Giang reports fivefold increase in FDI inflows in nearly 9 months

The northern province of Bac Giang has attracted 70 foreign direct investment (FDI) projects valued at over 1.38 billion USD so far this year to September 15, a fivefold increase compared to the same period last year, according to the provincial People’s Committee.

Source: VNA