Hanoi offers incentives to attract strategic investors.

The 2024 Capital City Law has added many attractive incentive policies for strategic investors. Photo: Thanh Hai

Recently, the Hanoi People's Committee issued Official Letter No. 4697/UBND-KT regarding the implementation of Resolution No. 17/2025/NQ-HĐND on attracting strategic investors. Accordingly, based on Resolution No. 17/2025/NQ-HĐND dated July 9, 2025, of the Hanoi People's Council on attracting strategic investors and related legal regulations, the People's Committee of Hanoi requested the Department of Finance to take the lead in reviewing and developing a list of projects to attract strategic investors in accordance with the Law on the Capital City and Resolution 17/2025/NQ-HĐND of the Hanoi People's Council. At the same time, the Department of Finance is to develop procedures, information disclosure templates, and procedures for selecting strategic investors; mechanisms for monitoring and evaluating the effectiveness of commitment implementation; and to coordinate in developing investment incentive mechanisms, focusing strongly on incentives for R&D projects, technology transfer, and high-tech human resource training.

The Hanoi People's Committee requests the Management Board of Hanoi's High-Tech Zones and Industrial Parks to take the lead in attracting strategic investors to high-tech zones and industrial parks; to publish a list of priority projects, requirements for capacity, experience, and conditions for identifying strategic investors; to receive, verify dossiers, select investors, and resolve investment procedures. The Hanoi Tax Department will guide and implement investment incentive policies for strategic investors; inspect and monitor the implementation of tax incentives and handle any difficulties. The Customs Sub-department of Region I will implement preferential customs procedures for projects of strategic investors in accordance with the Capital City Law; and create favorable conditions for quick and transparent customs clearance. City departments and agencies, and the People's Committees of communes and wards will review and propose projects in priority sectors and fields according to Resolution 17/2025/NQ-HĐND of the Hanoi People's Council. Performing related tasks in attracting, implementing, and managing post-investment projects to attract strategic investors.

The 2024 Capital City Law stipulates the attraction of strategic investors in Article 42. Clause 1 specifies the list of priority sectors for attracting strategic investors, with clear directions for the areas the Capital City wants to focus on attracting investment, ensuring resources are used efficiently and strategically. Clause 2 specifies the conditions for strategic investors, outlining specific criteria regarding financial capacity, technology, experience, and commitments (training, localization, project implementation according to objectives). This helps Hanoi select truly high-quality investors, avoiding "fictitious" or ineffective investments. Clearly defining these conditions also provides a basis for building criteria for screening, evaluating, and closely monitoring investors.

To concretize the provisions of the Law, at its 25th session, the XVI City People's Council passed a Resolution on attracting strategic investors (Resolution No. 17/2025/NQ-HĐND, dated July 9, 2025). The sectors and professions prioritized for strategic investment attraction, as decided by the City People's Council, clearly illustrate the investment attraction landscape for the coming period. Accordingly, the prioritized areas include: investment in the construction of satellite cities; development of urban railways, high-capacity public transport within and between regions; development of high-tech zones with investment capital of VND 25,000 billion or more. Following that is the field of environmental pollution treatment with investment capital of VND 12,000 billion or more...

Creating breakthroughs to attract capital and advanced technology.

According to Deputy Director of the Hanoi Department of Finance Le Trung Hieu, the 2024 Capital City Law is of paramount importance, creating a new legal framework and a strong impetus for attracting investment to Hanoi. In particular, the Resolution of the Hanoi People's Council on attracting strategic investors (approved on July 9, 2025) has created a solid foundation for orienting and prioritizing the sectors that the Capital City wants to focus on attracting, ensuring that resources are used effectively and strategically. To promote socio-economic development, especially in key industries and professions, the 2024 Capital City Law has added many attractive preferential policies for strategic investors. These policies promise to create breakthroughs in attracting capital and high technology, bringing Hanoi to a new level.

The 2024 Capital City Law also emphasizes the responsibilities and obligations of strategic investors. During the project implementation process, if the investor fails to meet the conditions regarding capital, disbursement schedule, other conditions, or fulfills commitments to the City, they will not be entitled to the prescribed incentives. Furthermore, strategic investors, individuals, or economic organizations implementing the investment project are jointly liable to compensate the City for any additional incentives received compared to other investors, and are also responsible under the law for any consequences arising from their failure to fulfill their commitments.

“The outstanding incentive policies from the 2024 Capital City Law demonstrate Hanoi's proactive approach in attracting high-quality, strategically significant investment projects that contribute to the sustainable development and prosperity of the Capital. Investors seeking opportunities in Vietnam certainly cannot ignore the unique advantages that Hanoi offers,” shared Deputy Director of the Hanoi Department of Finance, Le Trung Hieu.

In Hanoi's strategy to attract strategic investors, priority is given to investors with technology and experience in similar projects with a capital scale equivalent to the scale of the project being sought. Clearly defining these conditions also serves as a basis for the city to develop criteria for screening, evaluating, and closely monitoring investors. Currently, the Hanoi People's Committee is developing detailed regulations on the information disclosure form for projects attracting strategic investors, including preliminary requirements regarding the investor's capacity and experience; and the project registration dossier.

Besides investment attraction policies, experts also recommend that Hanoi needs mechanisms, sanctions, and a capable inspection and monitoring system to ensure the attraction of truly high-quality strategic investors. Only then can the set objectives, as well as the progress and requirements of key projects, be guaranteed.

Law No. 39/2024/QH15 of the National Assembly: Law on the Capital City, see here: 1 2