Boosting Foreign Investment in High-Tech and Industrial Parks increases in Hanoi
Investment Opportunities Abound in Ha Noi's High-Tech Park and Industrial Zones
Ha Noi, the capital city of Vietnam, is gearing up to attract investment in its high-tech and innovation-driven sectors. The Management Board of Ha Noi Hi-Tech and Industrial Parks (HHTIP) recently organised a conference to discuss a development plan for the Hoà Lạc Hi-Tech Park, aiming to make it a science and technology centre through 2030 [1].
The Hoà Lạc Hi-Tech Park, now directly managed by Ha Noi city since 2023, is a crucial infrastructure hub within the capital’s innovation ecosystem. It offers advanced facilities for high-tech manufacturing and research and development (R&D) [2]. The park is part of a broader strategy to strengthen Ha Noi as Vietnam’s leading innovation hub, hosting over 70% of the country’s scientific institutions, 82% of national laboratories, and 65% of leading scientists [1][2].
Investors in the park can benefit from preferential policy incentives, including extended land-use leases of up to 70 years, reduced rental fees, priority access to utilities and logistics infrastructure, and tax incentives such as corporate income tax breaks starting from October 2025, import duty exemptions on R&D and tech-related equipment, and Value Added Tax (VAT) waivers on select activities [3][5].
Vietnam aims to expand into high-value segments such as semiconductor design, fabrication, and advanced materials. Multinational companies like Intel, Samsung, and Amkor are already operating in the region, and the sector is set for strong growth, projected to reach $31.39 billion by 2029 [3][5].
A newly planned Hanoi Innovation Centre, structured as a joint-stock company, will enhance the park’s ecosystem by providing funding, startup incubation, talent training, digital infrastructure development, and promoting public-private-academic partnerships [1][2]. This institutional support is designed to foster commercialization and innovation acceleration.
Besides semiconductor and electronics industries, investors may explore opportunities linked to digital infrastructure projects, smart urban data platforms, and emerging tech fields supported by the innovation centre’s programs.
Since the beginning of this year, Ha Noi’s high-tech park and industrial zones have attracted US$125 million in investment [4]. With the new investment, the total investment for the 2021-25 period is expected to reach nearly $2.5 billion, marking an increase of over 40% compared to the 2016-20 period [4]. The HHTIP Management Board aims to attract $450 million into industrial zones, with $80 million allocated to the high-tech park by the end of this year [4].
The Hoa Lac Hi-Tech Park has already attracted $5 billion, while industrial zones in Ha Noi have drawn $9.32 billion [4]. A total of 844 projects have been attracted, with a registered total investment capital of $13.75 billion [4].
Vice Chairman of the municipal People’s Committee Nguyen Manh Quyen has given a directive to create favourable conditions for Ha Noi’s high-tech and industrial parks to attract investment and develop as a science and technology centre [6]. The Head of the HHTIP Management Board, Vũ Xuân Hùng, has announced plans to welcome both domestic and international investors to explore cooperation and investment opportunities in the industrial zones and the Hòa Lạc Hi-Tech Park [7].
Through the implementation of the Capital Law in 2024, policies will be introduced to attract and nurture talent, develop a skilled workforce, and support high-tech scientific and technological projects [8].
In summary, both domestic and international investors have opportunities in Hoà Lạc Hi-Tech Park and Ha Noi’s industrial zones to invest in high-tech manufacturing, semiconductor production, innovation-focused startups, and related support infrastructures, with strong government backing, supportive policies, and a growing innovation ecosystem.
[1] https://vietnamnet.vn/en/business/hanoi-s-hoa-lac-hi-tech-park-to-be-developed-through-2030-779398.html [2] https://www.vietnamnews.vn/economy/928397/hanoi-to-attract-450-million-investment-for-industrial-zones-this-year.html [3] https://www.vietnaminsider.vn/economy/vietnam-to-attract-40bn-investment-in-semiconductor-industry-by-2030-710507.html [4] https://www.vietnaminsider.vn/economy/hanoi-attracts-125-million-investment-for-hi-tech-industrial-zones-in-first-quarter-711073.html [5] https://www.vietnamplus.vn/vietnam-to-attract-40-billion-investment-in-semiconductor-industry-by-2030/216214.vnp [6] https://vietnamnet.vn/en/business/hanoi-aims-to-create-favourable-conditions-for-its-high-tech-and-industrial-parks-779398.html [7] https://www.vietnamnews.vn/economy/928397/hanoi-to-attract-450-million-investment-for-industrial-zones-this-year.html [8] https://vietnamnet.vn/en/business/hanoi-to-create-favourable-conditions-for-its-hi-tech-and-industrial-parks-779398.html
- The Hoà Lạc Hi-Tech Park, managed by Ha Noi city, aims to become a science and technology center through 2030, attracting investors in high-tech manufacturing, semiconductor production, innovation-focused startups, and related support infrastructures.
- With preferential policy incentives, including extended land-use leases, reduced rental fees, and tax breaks, the park offers investors a favorable environment for tech-related investments, such as in advanced materials and AI technology.
- In line with Vietnam's goal of expanding into high-value tech segments, the newly planned Hanoi Innovation Centre will provide funding, startup incubation, digital infrastructure development, and support for public-private-academic partnerships, creating a conducive ecosystem for technology investments.
