The capital city is committed to creating favorable conditions for foreign businesses to make long-term investments and protect the lawful rights of all investors.

European investors have diversified investments in Vietnam to new fields, including telecommunications, finance, office leasing, retail, hi-tech farming, and pharmacy.

Higher FDI commitments have been driven by increasing capital flow into manufacturing.

In the first nine months of 2021, Hanoi attracted US$922 million in FDI, ranking among the top five localities in Vietnam.

Vietnam remains an attractive destination for foreign direct investment and continues to benefit from a changing global supply chain, US-China trade tensions, and production disruptions in other regions.

Vietnam’s strong fundamentals remain and the country has built an enviable position in the global supply chain over the past years through its set of FTAs.

European businesses still hold high hopes for Vietnam’s prospects.

At a time when Hanoi is adopting social distancing measures, a total of 70 industrial parks, home to 4,169 enterprises and 62,000 workers, are still operational.

The FDI inflows to Vietnam have been stable compared to other countries in the region, which shows the continued trust and confidence of foreign investors.