In 2024, Hanoi registered 293 new foreign direct investment (FDI) projects with a total capital of US$2.16 billion, according to data from Vietnam’s Ministry of Planning and Investment. This is an decrease of 26.66 percent over 2023 when Hanoi recorded US$2.95 billion in newly registered capital.
Foreign direct investment (FDI) in Hanoi, the capital of Vietnam, plays a critical role in the city’s economic development, positioning it as one of the leading destinations for FDI in the country. As a political, cultural, and economic hub, Hanoi attracts diverse investments across sectors, including real estate, manufacturing, information technology, finance, and high-tech industries. Prominent foreign investors originate from South Korea, Japan, Singapore, and China, with companies like Samsung, LG, and Sumitomo establishing a strong presence.
Hanoi benefits from its strategic location, robust infrastructure, skilled workforce, and status as a gateway to the northern economic region. Key industrial zones, such as Thang Long Industrial Park and Hoa Lac Hi-Tech Park, have been instrumental in attracting FDI, offering modern facilities and investment incentives. The city also focuses on sustainable urban development and digital transformation, aligning with global trends and investor priorities. With continued improvements in infrastructure and government policies fostering innovation and business ease, Hanoi is expected to maintain its position as a top destination for FDI in Vietnam.
See also: Doing Business in Hanoi, Vietnam