Hanoi aims to become a national and regional big trade centre
Under the master plan, the city will need around 500 hectares and additional 2,260 hectares for trade projects by 2020 and 2030, respectively.
By 2030, Hanoi seeks VND 161 trillion for trade development will need over VND 521 trillion to build commercial infrastructure.
The master plan, especially, aims to make breakthroughs in trade development in Hanoi by expanding scale, diversifying products, and improving quality to meet social demand.
Total retail sales of goods and services are projected to grow at 18-20 percent in the 2011-2015 period and 17-18 percent in the 2016-2020 period.
By 2020, processed products and services are expected to account for 65 percent and 25 percent of the capital’s export turnover, respectively.
According to the master plan, Hanoi will build two agricultural wholesale markets in Long Bien – Gia Lam districts and two wholesale centres, a financial centre, a regional-level trade centre, an international trade fare in My Đinh urban area, and two trade complex centres in Thanh Xuan districts.
By 2030, three other agricultural wholesale markets in Phu Xuyen urban area, Quoc Oai district and Son Tay town will be established. Six trade centres will be built.
The local authorities would offer favorable conditions in terms of policy, tax and land for investors and put aside local budget to mobilise adequate capital for the realisation of the master plan.