HANOI’S HIGH-TECH PARKS, INDUSTRIAL ZONES SEEN GENERATING OVER US$12 BILLION IN 2025

An industrial zone in Hanoi – PHOTO: VNA

HCMC – Revenue from Hanoi City’s high-tech parks and industrial zones is expected to reach about US$12.14 billion in 2025, reported the Vietnam News Agency.

Budget contributions are projected at US$450 million, while exports are forecast at US$7.42 billion.

The figures were announced at a dialogue conference held at the National Innovation Center in the Hoa Lac High-Tech Park on December 24. The event was organized by the Hanoi Management Board of High-Tech Parks and Industrial Zones.

Vu Xuan Hung, a representative of the management board, said the meeting aimed to create a direct channel between authorities and businesses to address obstacles in investment, production and operations.

He said the city seeks to improve coordination among agencies, shorten administrative procedures and improve the investment and business environment.

In 2025, high-tech parks and industrial zones are expected to contribute about 19.12% of Hanoi’s gross regional domestic product, estimated at US$63.5 billion.

Investment inflows into these zones are expected to reach about US$660 million, exceeding the annual target by 24.5%, according to the management board.

At the conference, businesses raised concerns over administrative procedures, infrastructure inside and outside industrial zones, electricity, water and telecommunications supply, environmental compliance, fire prevention, logistics, labour, housing, social services and import-export procedures.

The management board said it addressed issues within its authority and would coordinate with relevant departments and local governments to resolve remaining problems within set timelines.

Authorities also briefed participants on newly issued policies, including incentives to attract high-tech workers, measures to promote innovation, updates on tax and accounting regulations, and urban development projects in the Hoa Lac area.

Hanoi’s high-tech parks and industrial zones currently employ more than 180,000 workers. Authorities said they would continue efforts to ensure security, social welfare and workforce training to support stable operations.

Source: The Saigon Times