The Hanoi Industrial and Export Processing Zones Authority (HIZA) will carry out investment promotion activities to attract high-tech, environment-friendly, and high-value-added projects, capitalizing on the city's potential and advantages.

The move means a lot to the city which is home to 10 industrial parks with a total area of 1,348 hectares, according to Nguyen Hoai Nam, HIZA's Deputy Chairman. "They have attracted 733 investment projects with a total registered capital of nearly $9.3 billion. Among them, 310 projects with foreign direct investment (FDI) have registered capital of $7.4 billion and 423 others with domestic direct investment (DDI) has nearly VND45,000 billion ($1.8 million)," he said.

Hanoi's industrial parks have attracted investors from 27 countries and territories. "This is a clear demonstration of the potential and attractiveness of Hanoi's industrial parks in the eyes of domestic and foreign investors."

In 2024, HIZA submitted a project to the Prime Minister to establish the Hanoi High-Tech Biotechnology Park, which is expected to be a magnet for high-tech, biotechnology, and eco-friendly industries. It has also accelerated the progress of zoning plans for key industrial parks, including the clean industry parks of Soc Son, Thuong Tin, and Phung Hiep.  

An aerial view of the Quang Minh Industrial Park in Hanoi's Me Linh District. Photo: Khanh Huy/The Hanoi Times

"This year alone, the total investment capital attracted to industrial parks has reached $768 million. Of this, FDI capital has hit $3801 million, an increase of 28% year-on-year," Nam said.

Speaking about the Hanoi Bio-Tech Park project, Mr. Ulrich Petersen, Investment and Business Director of Pacific Land Vietnam Co., Ltd. said that it is one of the largest Irish investment projects in Vietnam with a total registered capital of $250 million on an area of approximately 199 hectares in Hanoi's Bac Tu Liem District.

It is expected that the project site clearance will be completed in 2025. According to Ulrich Petersen, the company will complete the investment and construction procedures in accordance with the regulations and will soon launch the project's infrastructure.

He added that when it is put into operation, it will be a modern and advanced high-tech industrial park of regional scale, which will become a center for gathering enterprises in the fields of high-tech biology, information technology, automation technology, and new materials technology.

According to HIZA, in 2025, it is determined to promote the role of direct government management of industrial parks, support enterprises, and advance administrative reform and digital transformation to improve the efficiency of serving enterprises.

In addition, the HIZA will closely coordinate with departments, sectors, and district people's committees to support and remove difficulties for investors and create a favorable and open investment environment.  It will speed up the progress of zoning industrial parks to implement infrastructure projects according to approved plans.

HIZA will strengthen coordination with departments, sectors, local authorities, and investors to speed up the progress of implementation of infrastructure projects in newly established industrial parks, focusing on site clearance, and creating clean land funds to attract investment projects in industrial parks.

Attracting investment to industrial parks in Hanoi not only contributes to the socio-economic development of the capital but also shifts the industrial structure towards the development of new industries producing essential products for domestic consumption.

To achieve this goal, HIZA is accelerating land clearing and infrastructure construction while urging approved projects to accelerate capital disbursement.

"The Hanoi Department of Industry and Trade has proposed the zoning of 119 industrial clusters between now and 2030," HIZA said.

The department also proposed to exempt or reduce land use fees for companies investing in IPs and industrial clusters, and to subsidize 100% of wastewater treatment costs in IPs and industrial clusters.