Hanoi eyes two financial centres to attract global investors

Hanoi is considering the development of two financial centres as part of its long-term strategy to strengthen the capital’s role in national and regional financial services.

The plan is outlined in the draft Master Plan for Hanoi with a 100-year vision, which is currently open for public consultation. According to the report, the city identifies trade and services as one of three key pillars for economic development, alongside industry–construction and agriculture.

Within the services sector, Hanoi aims to develop into a national financial hub while expanding financial services to regional and international levels.

Hanoi eyes two financial centres to attract global investors -0
Hanoi is considering the development of two financial centres as part of a long-term strategy to strengthen the capital’s role as a national and regional financial hub. (Illustrative image)

Under the proposal, the financial centre in Hanoi will be built with two main components. The first is the Hoan Kiem financial centre and its commodity trading ecosystem, expected to take shape by 2030. The Hoan Kiem ward is planned to serve as the core area of the financial centre.

The city intends to prioritise suitable spaces to attract major financial institutions to establish or maintain their headquarters in the area. Hoan Kiem already hosts the State Bank of Vietnam, as well as many leading domestic banks and securities firms.

In addition, Hanoi plans to upgrade the Hanoi Central Financial Exchange into a commodity exchange, supported by an information system, regulated trading registration connections and an appropriate operational mechanism.

After 2030, a second component of the capital’s financial centre is expected to be developed in northern Hanoi along the Nhat Tan–Noi Bai corridor, together with an international commodity trading ecosystem.

The area is considered advantageous due to its strong transport connectivity and proximity to Noi Bai International Airport, making it suitable for hosting headquarters of international financial institutions and multinational corporations.

The proposed northern financial centre is expected to feature smart infrastructure and management systems, along with digital platforms capable of providing a full range of financial services.

VOV

Other News

Plan issued to develop agricultural logistics system

Plan issued to develop agricultural logistics system

A key target is that by 2030, all concentrated agricultural, forestry and fisheries production areas will have access to essential services, including product traceability, quarantine, testing, quality certification, processing and market development. The move reflects growing international demand for stricter food safety, quality and traceability standards, which have become increasingly important for agricultural exports.

Vietnam seeks stronger export growth in H2

Vietnam seeks stronger export growth in H2

Despite the encouraging performance, Vietnam's exports remain heavily dependent on a limited number of major markets and product groups, while the domestic value added of many export products remains relatively low because of their reliance on imported raw materials and components.

RoK picks Vietnam as K-Food logistics hub for ASEAN expansion

RoK picks Vietnam as K-Food logistics hub for ASEAN expansion

Demand for Korean food in Vietnam has continued to grow rapidly alongside the popularity of the Korean Wave, or Hallyu, making the country a strategic market in the RoK's plan to expand agricultural and food exports to ASEAN, the RoK's Ministry of Agriculture, Food and Rural Affairs said.

Nearly 68,000 smuggling, trade fraud, counterfeit cases uncovered in H1

Nearly 68,000 smuggling, trade fraud, counterfeit cases uncovered in H1

Authorities detected and handled 67,937 violations in the first half of the year, up 36.66% year-on-year. Budget revenue from enforcement reached nearly 9.65 trillion VND (nearly 367 million USD), an increase of 49.36%, while investigation was launched into 1,676 criminal cases involving 2,789 suspects.

Vietnam joins global push for energy efficiency

Vietnam joins global push for energy efficiency

Participation in the Montreal Declaration also provides a foundation for Vietnam to explore deeper engagement with the IEA's multilateral energy efficiency initiatives, offering opportunities to access data, policy experience, technical tools and public-private partnership models in energy conservation.

Vietnam's Q2 GDP rises 8.39% amid broad-based economic growth

Vietnam's Q2 GDP rises 8.39% amid broad-based economic growth

Releasing the country's socio-economic data for the second quarter and the first half of the year on July 3, NSO Director Nguyen Thi Huong said Vietnam sustained positive growth across most industries and sectors despite a challenging international economic environment.

Public-private partnerships drive low-emission rice farming

Public-private partnerships drive low-emission rice farming

Experts agreed that integrating nutrient management, biotechnology, mechanisation and digital technologies will enhance productivity, reduce greenhouse gas emissions and accelerate the transition towards greener, more sustainable rice production.

Vietnam's tilapia exports maintain strong growth

Vietnam's tilapia exports maintain strong growth

Vietnam's tilapia export revenue in the first five months of 2026 hit 62 million USD, more than doubling that in the same period last year, reflecting a strong recovery in international demand

Vietnam's domestic carbon exchange launched

Vietnam's domestic carbon exchange launched

The carbon exchange creates a mechanism that enables businesses to optimise emission-reduction costs through trading emission quotas and carbon credits, encourages technological innovation, and supports sustainable development while maintaining the principle of not sacrificing the environment for economic growth.

SBV raises short-term capital lending cap to 40%

SBV raises short-term capital lending cap to 40%

The new circular will help credit institutions have more room to provide capital to businesses and investment projects to support high economic growth in the next few years, while increasing flexibility in the SBV’s monetary policy management.

Business confidence in Vietnam rebounds strongly: UOB

Business confidence in Vietnam rebounds strongly: UOB

The study found that 85% of Vietnamese enterprises reported positive business sentiment, a sharp increase from 48% in 2025, when business confidence was weighed down by uncertainties surrounding US tariff policies and related trade developments.

Bac Ninh seeks high-quality foreign investment for sustainable growth

Bac Ninh seeks high-quality foreign investment for sustainable growth

According to Vice Chairman of the provincial People’s Committee Pham Van Thinh, the province aims to maintain stable and sustainable growth, improve the competitiveness of both the economy and local businesses, and make better use of free trade agreements (FTAs) to expand and diversify export markets.