Foreign direct investment (FDI) capital flowing into Hanoi during January-August increased 1.6 times year-on-year to more than US$3.8 billion, according to the city’s latest statistics.

The Nhon-Hanoi Railway Station elevated urban railway line. Photo: Hai Linh/The Hanoi Times

In the eight-month period, the capital licensed 257 new projects worth $282 million. Across the city, 106 existing projects raised their capital to a total of $3.2 billion.

Foreign investors also carried out 284 deals in capital contribution and share purchasing, worth $337 million.

In August alone, Hanoi secured $52.8 million in FDI, including 35 newly licensed projects, seven projects with increased capital, and 75 deals of capital contribution and share purchasing.

Behind this momentum are breakthrough policy frameworks designed to strengthen the city’s appeal to foreign investors.

The amended Capital Law 2024 grants Hanoi greater autonomy to design preferential policies, improve land management and further develop infrastructure.

Complementing this, the Hanoi People’s Council’s July 2025 resolution on attracting strategic investors sets clear criteria for financial capacity, technology transfer and project timelines, ensuring resources are directed effectively.

These policies prioritize high-quality investments in high technologies, green industries and premium services, with a focus on projects that commit to technology transfer and partnerships with domestic firms.

Hanoi is also stepping up efforts to attract leading multinational corporations and technology-focused investment funds.

To support this strategy, the city is accelerating the development of specialized industrial parks and high-tech zones, including the Hoa Lac Hi-tech Park that is positioned as a premier destination for advanced FDI projects.

Investment promotion is now in focus with outreach efforts carried out through international conferences, forums and direct engagement with key partners from China, Japan, Singapore, South Korea, Malaysia and Taiwan (China).