Hanoi Offers Opportunities for European Investors

The Hanoi authorities will create the most favorable conditions for investors to do business in the city, contributing to making Hanoi a city of peace, friendship and dynamic development.

 

Addressing a meeting held by the European businesses community in Hanoi on September 9, Chairman of the Hanoi People’s Committee Nguyen The Thao affirmed the authorities will unceasingly create a transparent investment climate and further carry out administrative reform.

 

He briefed the Hanoi socio-economic development master plan till 2020 and orientation to 2030, saying that the city will promote attraction of foreign investment with focus on high-tech, health, education.

 

For the European Union, the city calls for investment in fields of its strength such as development of high-quality services, financial-banking and trade centers, electronics, informatics industries, high-tech industrial and supporting industry zones, tourism and resort projects, education, health and environment, he added.

 

The city is home to 2,100 foreign invested projects with a total registered capital of US$19.9 billion. The projects mainly involve in real estate worth US $8.1 billion, processing and manufacturing worth US $1.6 billion, and entertainment worth US$930 million.

 

The EU alone with 14 countries investing in Hanoi has 226 projects with registered capital of US $1.5 billion. France is leading the bloc with 58 projects, followed by Germany with 35 projects and Denmark with 34 projects.