The Hanoi People’s Council has approved a resolution introducing support policies for private-sector enterprises in the capital.
Under the new policy framework, businesses registered in Hanoi with no state ownership, or with state capital accounting for less than 50% of charter capital, may qualify for support if they operate in one of five priority sectors: cultural industries, sports and tourism; education and training; healthcare; logistics; and high-tech agriculture. Eligible enterprises must also meet criteria related to budget contributions, job creation and social responsibility.
To improve access to production facilities, the city will offer reductions in land lease and sublease fees for infrastructure-equipped sites in industrial parks, industrial clusters and technology incubators. The policy will be implemented in a manner similar to existing support mechanisms available to high-tech enterprises, small and medium-sized businesses, and innovative startups.
In terms of financing, qualified companies will be able to access preferential loans from the Hanoi Development Investment Fund to invest in machinery, equipment and advanced technologies. The funding will also support digital transformation, green transition initiatives, export financing, supply-chain credit programs, circular economy projects and the adoption of ESG standards.
To help businesses expand internationally, Hanoi will cover 70% of costs for overseas training and market development programs, with support capped at VND100 million (about $3,800) per enterprise annually. The city will also subsidize 70% of expenses related to overseas trade fairs and exhibitions, including venue rental, booth design and product transportation, subject to the same annual limit.
The new measures are expected to strengthen the private sector’s competitiveness, accelerate innovation and support deeper integration into global markets.
Google translate