The Hanoi People’s Committee plans to kick off the construction of 43 industrial clusters this year in a bid to meet the increasing demand of businesses in the next years.

The move was revealed in the plan No.68/KH-UBND on the management and development of industrial clusters in Hanoi in 2021.

As of late 2020, Hanoi has a total of 300,000 operational enterprises, the second largest number nationwide behind Ho Chi Minh City, including 122,000 established in the 2016-20 period. For the upcoming five years, the city targets to have an average of 30,000 new enterprises per year and create around 1.5 million new jobs. 

Production at A Chau Industrial Company at Quat Dong Expansion Industrial Park, Thuong Tin district. Photo: Thanh Hai

In the specific plan mapped out by the local authorities, the first industrial park is scheduled for construction in the first quarter of 2021; other 23 in the second quarter; 13 in the third and six in the final quarter.

Hanoi also targets equipping 100% of industrial clusters with adequate technical infrastructure, including wastewater treatment system of national standards.

To ensure efficient operation of industrial clusters, Hanoi would provide supporting policies for enterprises and business households relocating their operation into industrial clusters, while setting up a list of service fees for all industrial clusters in the city.

In addition to building new industrial clusters, the city is set to evaluate the current state of operational ones for upgrade, if needed.

Hanoi plans to further promote investment and higher occupancy rate in industrial clusters, gradually transforming the current management model towards greater efficiency in operation of industrial clusters.

As of present, Hanoi has a total of 70 operational industrial clusters and parks in 17 districts and towns, covering a total area of 1,686 hectares and contributing significantly to economic development and social welfare.

These industrial clusters and parks have attracted 3,864 businesses that created 60,000 jobs, and paid VND1.1 trillion (US$47.28 million) to state coffers.