Hanoi Japan Investment and Tourism Cooperation to return by end-March

21-Feb-2019 Intellasia | Hanoi Times | 6:00 AM Print This Post

Among countries and territories investing in Hanoi, Japan claimed the top spot with $10.4 billion, followed by Singapore with $6 billion and South Korea with $5.48 billion.

The Hanoi Japan Investment and Tourism Cooperation conference is scheduled to take place on March 29, 2019, according to the Office of the Hanoi People’s Committee.

The event is part of Hanoi’s effort to promote the capital’s business environment and investment opportunities, while continuing to attract foreign direct investment from Japan.

Moreover, Hanoi targets to search for experienced and capable investors to invest in the city, in turn facilitating its socio-economic development.

Companies and investors from Japan would be briefed on investment and tourism cooperation between Hanoi and Japan; Hanoi’s vision for socio-economic development in the 2019 2020 period and its huge opportunities for investment.

In 2018, Hanoi topped nationwide in FDI attraction for the first time in 30 years of economic opening-up, reaching $7.5 billion. A total of $18.9 billion has been disbursed, accounting for 52.5 percent of the total commitments.

Real estate was the most heavily invested sector by foreign investors with 29.53 percent of total FDI inflow, followed by manufacturing and processing with 20.01 percent and telecommunication with 11.48 percent.

Among countries and territories investing in Hanoi, Japan claimed the top spot with $10.4 billion, followed by Singapore with $6 billion and South Korea with $5.48 billion, stated vice Chair of the Hanoi People’s Committee Nguyen Doan Toan.

In the 2019 2020 period, Hanoi would focus on encouraging FDI investment in urban infrastructure development, high added value services, trade and education.

Chair of the Hanoi People’s Committee Nguyen Duc Chung said the capital has been proactive in searching for credible foreign investors with high quality projects.

Hanoi will continue to establish a favourable investment and business environment so that enterprises and investors can successfully carry out their business and production plans, Chung affirmed.

http://www.hanoitimes.vn/hanoinews/2019/02/81E0D35B/hanoi-japan-investment-and-tourism-cooperation-to-return-by-end-Mar/

 


Category: Business, Vietnam

Print This Post