The Hanoi Department of Finance and the Association of Foreign Invested Enterprises (VAFIE) have signed a Memorandum of Understanding (MoU) on joint implementation of trade and investment promotion activities for Hanoi during the 2025-2030 period.

The cooperation aims to strengthen and enhance the effectiveness of investment attraction and support businesses as well as foreign investors in their investment and business operations in the capital city.

Specific activities to be deployed include: Collaborating with leading economic experts, associations, and research organizations to develop Hanoi's investment promotion plan for the 2026-2030 period, creating long-term investment attraction plans for various stages, and assessing five-year achievements in line with economic and social development contexts.

Additionally, the cooperation will involve developing research materials to support investment promotion activities; forecasting and recommending key markets for investment attraction, along with solutions and proposed action plans for organizing investment promotion activities and effective business/investor support initiatives.

They will also coordinate in organizing investment promotion events, business dialogues, specialized workshops, and seminars in 2025 and during the 2026-2030 period.

Cumulatively, by the end of August this year, Hanoi is home to 7,773 FDI projects with a total registered capital of over $45.62 billion, ranking third nationwide in attracting FDI capital.

In the first eight months of 2025 alone, foreign investors poured capital into 256 new projects in Hanoi, with a total registered capital exceeding $3.8 billion. The sectors where foreign investors invested most heavily include real estate, manufacturing and processing industry, and goods trading and services.