Hanoi aims to become a leading semiconductor industrial center

According to the 2021-2030 period planning, with a vision to 2050, Hanoi is oriented to become a leading center for the semiconductor industry.

On the afternoon of February 23, Minister of Planning and Investment Nguyen Chi Dung chaired a meeting to review the Hanoi Capital Planning for the 2021-2030 period, with a vision to 2050.

"Hanoi is the political center, a major economic, cultural and scientific center. The city is also an important driving force for the development of the Red River Delta and the whole country," the Minister assessed.

The National Innovation Center at Hoa Lac Hi-Tech Park, Hanoi will be operational near the end of 2023. Photo: NIC — The National Innovation Center at Hoa Lac Hi-Tech Park, Hanoi will be operational near the end of 2023. Photo: *NIC*

In recent times, Hanoi, despite its strong development, has still faced many difficulties and major bottlenecks. The economic position of the capital has tended to decline compared to other localities in the region. The economic restructuring is considered slow, and no spearhead, highly effective economic sectors have been formed.

The city also faces many problems with traffic, pollution, and flooding. The traffic routes of the infrastructure system have not been formed synchronously, especially lacking the North-South and East-West radial axes, according to Minister Dung. Meanwhile, Hanoi's population has exceeded the forecast and decentralization from the inner city is not feasible.

"To develop strongly, Hanoi needs to identify its own potentials and especially outstanding strengths," Minister Dung said about this capital planning.

According to the Plan, many goals are set for Hanoi such as becoming a major economic and financial center of Vietnam with regional influence; a center of science, technology, and innovation. The city also plays a leading role in growth, promoting regional development.

The plan also identifies development directions for important industries such as becoming a leading center for semiconductor industry, information technology and artificial intelligence, biotechnology; developing agricultural products with high scientific and technological content.

The Red River axis is also considered the main driving force for Hanoi's development. The city's transport infrastructure will connect four modes of transport: aviation, expressway, urban railway with national railway connecting inter-regional and international, inland waterway with sea transport; belt roads 4 and 5 connecting regions.

Hanoi will focus on developing an urban railway system capable of replacing personal vehicles and connecting the capital city center with urban centers in the Hanoi region; expanding and increasing the capacity of Noi Bai airport; building a second airport in the capital region.

Commenting on the Plan, Dr. Cao Viet Sinh, former Deputy Minister of Planning and Investment, said that it is necessary to properly assess Hanoi's position compared to other localities, from which it is possible to determine reasonable development goals. He said that the Plan must identify high-tech industry as a breakthrough, a key economic sector. Accordingly, it is necessary to expand industrial parks to attract investors in the chip and semiconductor sectors. He also suggested that it is necessary to clarify the driving force and development space in the plan as well as have solutions to mobilize resources from the private sector and abroad.

Professor Le Quan, Director of Hanoi National University, added that it is necessary to prioritize the development of new spaces to attract investment and accelerate the development of transport infrastructure. He noted that Hanoi needs to have a strategy for human resource training, including investment in universities.

Duc Minh

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