The Capital Region, including Hanoi and nine neighbouring provinces of Hai Duong, Hung Yen, Vinh Phuc, Bac Ninh, Ha Nam, Hoa Binh, Phu Tho, Bac Giang, and Thai Nguyen, is identified as a socio-economic development linkage area.
While Hanoi remains the economic driver in finance, logistics and innovation, neighbouring localities are evolving into manufacturing and logistics belts, supplying land, labour and support services, particularly for high-tech industries.
The Capital Region, which comprises Hanoi and nine neighbouring localities, is expected to become a large integrated economic region of Vietnam, which is a premise and an important condition to promote the development of logistics in the region.
Prime Minister Pham Minh Chinh has demanded the northern province of Bac Ninh strive to become a city with modern industry and high technology by 2030.
The People's Committee of Hanoi has a plan to organise a festival for innovative start-ups (Techfest Hanoi 2023), to promote the start-up and innovation ecosystem in the Capital Region, with Hanoi as the focal point.
A second airport in the capital region is expected to take shape by 2050 to ease the burden on the Noi Bai International Airport, according to the Ministry of Transport.
By 2045, when Vietnam becomes a developed country, Hanoi must have developed into one of the political, economic and cultural centres in East Asia, according to Prime Minister Nguyen Xuan Phuc.
