Hanoi targets more Japanese investment

According to Hanoi’s foreign direct investment (FDI) ­attraction strategy, the capital will target high-quality investment capital focussing on supporting industry development projects, hi-tech manufacturing and agriculture, bio-technology, infrastructure development, research and development, banking and financial services, and human resources ­development. This will contribute to increasing added value to the city’s social-economic development in a sustainable manner.

In this strategy, Japan is one of the major foreign investors that Hanoi is targeting to attract. The city aims to lure Japanese funding in IT solutions, the environment, ­hi-tech agriculture, energy and more.

As part of efforts to encourage these moves, the Hanoi-Japan ­investment promotion conference will take place on March 29 in the city, attracting over 120 ­Japanese delegates and leaders of ministries, cities and provinces, as well as Vietnamese businesses. A number of memoranda of understanding on investment and ­business will also be announced at the event.