Low labor costs, adequate infrastructure quality, and simplified administrative procedures are seen as Vietnam’s pull factors for investors like Samsung, Foxconn, Nike, Adidas, Gap, and Levis.

South Korea continues to be Vietnam’s largest foreign investor with an accumulated registered capital of US$72 billion in 9,100 projects.

Vietnam is currently home to 100 Swiss firms with a combined investment capital of nearly US$2 billion, including major names such as Nestle, Novatis, Roche, Holcim, and ABB.

Almost half of Japanese firms in Vietnam said they would expand investment in the country in the next one or two years.

The city will accelerate the establishment of an e-government model to create more convenience for the business community in realizing administrative procedures.

Hanoi is setting up a list of investment projects, in which priority will be given to hi-tech projects, Vice Chairman of the Hanoi People’s Committee Nguyen Manh Quyen has said.

Hanoi remains a safe and attractive investment destination for investors, Chairman of the Hanoi People’s Committee Chu Ngoc Anh has said.

Vietnam is the top choice for Japanese companies looking to diversify their supply chains, the Japanese Ambassador to Vietnam has said.

Given uncertainties surrounding the US – China relations and the serious Covid-19 situations globally, Vietnam has become a logical choice in the eyes of investors.