Hanoi signs MoU with VAFIE to lure capital through 2030
Under the MoU, the two sides will jointly develop Hanoi’s 2026–2030 investment promotion plan, build long-term strategies to attract capital that align with the city’s socio-economic trajectory, produce studies to support promotional efforts, identify priority markets, propose action plans, and design incentives for companies and investors.
The Hanoi Department of Finance and the Vietnam Association of Foreign Invested Enterprises sign an MoU to collaborate on investment promotion in the capital from 2025 to 2030. (Photo: nhandan.vn)
Hanoi (VNA) 𝓀– The Hanoi Department of Finance and the Vietnam Association of Foreign Invested Enterprises (VAFIE) signed a memorandum of understanding (MoU) to collaborate on investment promotion in the capital from 2025 to 2030.
Under the MoU, the two sides will jointly develop Hanoi’s 2026–2030 investment promotion plan, build long-term strategies to attract capital that align with the city’s socio-economic trajectory, produce studies to support promotional efforts, identify priority markets, propose action plans, and design incentives for companies and investors.
VAFIE, for its part, will also collect its members’ creative ideas and policy recommendations on Hanoi’s socio-economic future and pass them straight to local authorities for consideration.
The MoU also envisions a flurry of activities starting in 2025 and stretching through 2030: investment promotion events, business dialogues, conferences, and thematic seminars designed to forge connections among local officials, economists, business leaders, and investors.
Hanoi is set to warmly welcome delegations and investors interested in its projects and investment climate. It is also seeking VAFIE’s advice on hosting major regular events, both domestically and internationally, starting in 2026.
VAFIE Chairman Dr Nguyen Anh Tuan believed that Hanoi would be able to link up with foreign experts, organisations, member companies and multinational corporations through these efforts.
At the signing ceremony, the department introduced new software that digitises and tracks comprehensive data on local investment projects, which has already won praise from investors for its innovative approach to investment promotion. With these changes, Hanoi is steadily building a transparent, fair playground for businesses and fast becoming a magnet for foreign capital./.
Work has started on a key section of the Belt Road No. 4 – Hanoi Capital Region expressway, one of the largest infrastructure projects in northern Vietnam, with a total investment of more than 56 trillion VND (around 2.2 billion USD).
With its strengths, integrated solutions, and strong participation from authorities, businesses, and communities, Hanoi’s agriculture is well-positioned to become a standout in the city’s and nation’s socio-economic development.
The main route starts at the Van Cao – Hoang Hoa Tham intersection and ends at Thach Binh Station (Hoa Lac), with a total length of approximately 39.6 km. Additionally, the project includes two branches connecting to Depot No. 1 (in Son Dong and Duong Hoa communes) and Depot No. 2 (in Hoa Lac commune), with a total branch length of about 4.8 km.
Without quick improvements in investment and human resources quality, Vietnam risks falling behind when the Fourth Industrial Revolution and green transition become standards for global development, said an expert from the University of Economics.
Ha stated that Vietnam regards the development of the Halal industry as a new and important direction to unlock the global Halal market and foster new growth drivers. Although Halal is a new sector, Vietnam is making efforts to establish its position on the global Halal map.
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Vietnam plays an important role in Asia’s shipbuilding sector and expressed Moscow’s wish to strengthen cooperation with Hanoi in shipbuilding, maritime trade, and logistics.
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Ambassador Bui Van Nghi expressed Vietnam’s wish to launch negotiations on an FTA during Brazil’s term as Mercosur Chair, saying such a step would serve the practical interests of both sides while diversifying markets.
A working delegation from the Ministry of Construction led by Deputy Minister Nguyen Tuong Van recently held separate bilateral talks with Chinese and Malaysian sides to bolster collaboration in construction and urban development to a deep and substantive fashion.
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The new tax regime of India is a landmark reform that promises to generate profound changes in India’s business landscape and will directly affect Vietnamese investors, producers, and exporters in this market.
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All businesses are eligible to participate in the programme without undergoing any selection or review process. Enterprises can independently launch promotional campaigns with diverse and appealing content for customers and are allowed to apply maximum discounts of up to 100%.
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Vietnam values its international partnerships, including with the UK, Finance Minister Nguyen Van Thang noted, urging UK companies, funds and financial institutions, and those from Europe and worldwide, to continue expanding investment, transferring know-how, sharing management experience and advancing green finance and technology to realise Vietnam’s sustainable development vision.
Vietnamese Minister of Finance Nguyen Van Thang expressed gratitude for the UK’s active role in supporting Vietnam’s efforts to draft a National Assembly resolution on creating an international financial centre. The City of London, he noted, provided pivotal insights and recommendations to shape the groundwork and development roadmap for this hub.
