Impressive and selective results
Viettel Group is currently the largest investor in Hoa Lac Hi-Tech Park, with six projects and total registered capital of about 11.625 trillion VND. Notably, the company is expanding further with an additional 4 trillion VND in investment. Viettel plans to gradually relocate its entire research, development and high-tech workforce training division to Hoa Lac Hi-Tech Park, helping to establish it as a national hub for high-tech research, development and production.
Major General Tao Duc Thang, Chairman and General Director of Viettel Group, stressed: “Viettel regards Hoa Lac Hi-Tech Park as a strategic centre in its long-term development orientation, investing in high-tech projects, knowledge transfer and building a regional innovation ecosystem.”
In urban development, on August 19, the Smart City project in northern Ha Noi, jointly implemented by BRG Group (Viet Nam) and Sumitomo Corporation (Japan), officially broke ground. With total investment reaching 4.2 billion USD, once completed the project will form a modern financial, commercial and service centre, create jobs for tens of thousands of workers, and attract scientific talent and international experts.
Another testament to investors’ long-term commitment to Ha Noi is Gamuda Land (Malaysia)’s decision to inject a further 1.12 billion USD into the Yen So Park project, raising total investment to 2 billion USD.
James Lai Siaw Pin, General Director of Gamuda Land Viet Nam (Northern Region), remarked: “We greatly appreciate the efforts of Ha Noi authorities and departments in facilitating procedures for enterprises to implement and expand investment, thereby contributing to the city’s dynamic development.”
Incentives to attract strategic investors
To become a destination for “eagles” – strategic investors with strong financial capacity, advanced technology and leading influence – Ha Noi is focusing on institutional reform and introducing preferential policies.
The city is making full use of the special mechanisms under the revised Capital Law, effective from early 2025. Resolution No. 17/2025/NQ-HĐND of the Ha Noi People’s Council has created a clear legal framework with incentives tailored for strategic investors in fields such as high technology, R&D, healthcare, high-quality education and green urban development.
Ha Noi has specified the list of priority sectors and the capital conditions required for strategic investment projects. For example, in the high-tech sector, priority is given to integrated circuit production, flexible electronics (PE), semiconductors, new-generation batteries, new materials and clean energy. The minimum capital requirement for such projects is 15 trillion VND.
In infrastructure, the city prioritises projects in satellite urban development, urban railway systems, large-scale intra- and inter-regional public transport and hi-tech parks. These projects must involve at least 25 trillion VND in investment, with investors having registered capital of 5 trillion VND or total assets of 20 trillion VND, ensuring only capable investors are selected and preventing suspended projects or fragmented investments that fail to meet long-term development goals.
Strategic investors and projects meeting the criteria will enjoy the exceptional incentives provided under the Capital Law. For instance, new projects in sports, cultural industries, multi-level educational institutions, high-quality healthcare facilities or those located in disadvantaged areas will be exempted from land and water surface rents for 10 years and receive a 50% reduction for the remainder of the lease period. Enterprises engaged in start-ups and innovation in Ha Noi’s priority science and technology sectors will enjoy corporate income tax and personal income tax exemptions for five years. In addition, they will benefit from preferential customs and tax procedures, as well as support for human resources development, research and development.
With clear orientations and resolute measures, Ha Noi is asserting its role as a safe, attractive and promising investment destination, ready to welcome strategic investors to join hands in building a prosperous and modern capital.
Le Trung Hieu
Deputy Director of the Department of Finance
Alongside investment attraction policies, many experts recommend that Ha Noi develop effective mechanisms, regulations and capable supervisory bodies to ensure the quality of strategic investors. Clearly defined conditions also form the basis for the city to establish criteria for strict screening, evaluation and monitoring of investors.
“The city will continue to vigorously reform its investment and business environment, prioritise resources for comprehensive and modern infrastructure development, and proactively prepare essential conditions such as production premises and partnerships in high-quality workforce training. With clear orientations and resolute measures, Ha Noi is asserting its role as a safe, attractive and promising investment destination, ready to welcome strategic investors to join hands in building a prosperous and modern capital.” Deputy Director of the Department of Finance, Le Trung Hieu stressed.
