Vice Chairman of the Hanoi People’s Committee Truong Viet Dung recently had a meeting in Hanoi with a delegation from Texas (the United States), comprising entrepreneurs, investors, business leaders, and experts operating in various fields such as technology, finance, real estate, law, healthcare, and education.
At the meeting, Vice Chairman Truong Viet Dung stated that Hanoi is increasingly offering a more open, transparent, and attractive investment environment. The Law on the Capital 2026, along with Hanoi's Master Plan with 100-year vision, is considered a key legal foundation, providing the city with space to implement long-term development strategies toward rapid and sustainable growth.
Notably, the confidence of the business and investor community in Hanoi has been significantly strengthened by the city’s stable political environment, large market potential, and strong reform commitments from the municipal government. This is also a period in which Hanoi is concentrating resources on science and technology, innovation, and digital transformation, considering these as new growth drivers of the economy.
Vice Chairman Truong Viet Dung also noted that Hanoi is the first locality in Vietnam to implement a mechanism using the state budget to establish a venture capital fund operating under market principles and managed by enterprises. Along with an increasingly legal environment, strong innovation support policies, and a rapidly developing startup ecosystem, Hanoi is regarded as a highly potential destination for high-quality investment.
The Vice Chairman emphasized that this is a favorable time for the capital to expand international cooperation and attract strategic investors, particularly leading technology corporations from the United States, including those from Texas.
He also proposed three key areas for potential cooperation in the near future: real estate; startups and innovation; and support for connecting small and medium-sized enterprises.
Speaking on behalf of the delegation, Mr. Mark Duval, Chairman and CEO of the Greater Austin Asian Chamber of Commerce (Texas), said that Texas is currently one of the largest economies in the United States, while Austin is regarded as a leading technology hub with the presence of major corporations such as Tesla, Samsung, Apple, Oracle, and SpaceX.
Based on this, the delegation expressed interest in gaining a deeper understanding of Hanoi’s investment environment, incentive policies, and priority development sectors, while also seeking cooperation opportunities in high technology, innovation, urban infrastructure development, education, healthcare, and business support.
Google translate