Hanoi Attracts USD 13.75 Billion in Investment into Industrial Parks and Hoa Lac Hi-Tech Park

Hanoi is committed to facilitating breakthroughs in high-tech development by promoting investment in Hoa Lac Hi-Tech Park and industrial parks, aiming to turn them into a scientific and technological hub. This direction was emphasized by Mr. Nguyen Manh Quyen, Vice Chairman of the Hanoi People's Committee, during the mid-year review conference of the Management Board of Hanoi's Industrial Parks and Hi-Tech Park on July 21.

According to the Management Board, from the beginning of 2025 to date, Hanoi's industrial parks and the Hoa Lac Hi-Tech Park have attracted USD 125 million in investment. As of now, the city has recorded a total of 844 investment projects, including 734 in industrial parks and 110 in the hi-tech park, with total registered capital reaching USD 13.75 billion. Of this, Hoa Lac Hi-Tech Park has drawn in USD 5 billion, while industrial parks have attracted USD 9.32 billion.

From now until the end of 2025, the Board aims to attract an additional USD 450 million in investment to industrial parks and approximately USD 80 million to the hi-tech park through intensified investment promotion activities. This would raise the total investment capital for the 2021–2025 term to nearly USD 2.5 billion — an increase of over 40% compared to the 2016–2020 period.

Mr. Vu Xuan Hung, Head of the Management Board of Hanoi’s Industrial Parks and Hi-Tech Park, shared that in the coming time, the unit will welcome domestic and international investors to explore cooperation opportunities. There will be increased focus on international investment promotion efforts and the development of a strategic plan for Hoa Lac Hi-Tech Park through 2030, with a vision toward 2045. In addition, following the implementation of the 2024 Capital Law, the Board will adopt policies to attract and retain talent, foster high-quality human resources, and support high-tech scientific projects.

“To further enhance investment attraction, Hanoi’s People’s Committee will direct departments, agencies, and localities to speed up site clearance work for the industrial and hi-tech parks,” Mr. Hung proposed. “The city should also allocate funding for infrastructure upgrades in Hoa Lac Hi-Tech Park, provide financial support for workforce training and scientific activities, and reduce infrastructure usage fees within the park.”

In his address, Vice Chairman Nguyen Manh Quyen affirmed that Hanoi aims for a growth rate of over 8% in 2025, creating a foundation for double-digit growth in the near future. Achieving this goal will require accelerating high-tech production and boosting the city’s economy. Therefore, Hanoi will establish additional industrial parks and clusters linked to traditional craft villages to foster industrial economic development.

Regarding the Hoa Lac Hi-Tech Park, Mr. Quyen emphasized its development into a center for high-tech research and application — a "science and technology city." He urged businesses in the park to focus on key industrial products that complement, rather than compete with, other provinces. The city will promote investment in training high-quality human resources and producing high-value products, turning Hoa Lac into a "growth engine" for Northern Vietnam.

Moreover, he called for the clear definition of short-, medium-, and long-term development goals, ensuring synchronized development of infrastructure, human resources, and science and technology. Environmental protection and sustainable development must be maintained. A coordinated mechanism among authorities and relevant agencies is essential to ensure unified and effective implementation. Investment promotion efforts should also be accompanied by administrative reform to reduce project approval timelines for investors.