Overview: Hanoi at a Glance
Hanoi is Vietnam's rank #2 province by GRDP with an estimated annual output of approximately USD 57.0 billion (VND 1425.5 trillion). Located in the Red River Delta region and covering 3,360 km², the province is home to a population of 8.5 million and serves as a key economic contributor to Vietnam's national growth story.
Capital: Hanoi. Average household income: approximately VND 162 million per year (roughly USD 6,480/year).
Key Economic Sectors
Hanoi's economy is anchored by several high-growth sectors that attract both domestic and foreign investment:
- government & public administration
- technology & software
- education
- manufacturing
- tourism
These sectors benefit from Hanoi's strategic location, skilled workforce, and investment promotion policies under Vietnam's Law on Investment (amended 2024).
Investment Climate
Vietnam continues to rank among Southeast Asia's most attractive FDI destinations, and Hanoi reflects that trajectory. Notable investors and enterprises active in the province include: Vinfast, FPT Corporation, Vietnam Airlines, Techcombank, Canon, Hanwha.
The province offers competitive incentives for qualifying projects: preferential corporate income tax rates (as low as 10% for high-tech manufacturing), land lease concessions, and streamlined administrative procedures through the provincial Investment Promotion Centre.
Infrastructure & Connectivity
Hanoi benefits from Vietnam's ongoing infrastructure investment program. National Highway networks, expressway expansions under the 2021–2030 Transport Masterplan, and power grid upgrades support industrial activity. The province's Red River Delta location connects it to key logistics corridors linking production bases to seaports, airports, and border crossings.
Labour Market
With a population of 8.5 million, Hanoi provides access to a labour pool that feeds both local enterprises and industrial zone tenants. Vietnam's 2025 minimum wage in Zone I stands at VND 4,960,000/month; Hanoi's wage levels vary by industry and skill tier, with technical and managerial roles commanding premium rates.
Business Directory & Provincial Data
VNDatabase indexes businesses, wards, and economic data for all 34 Vietnamese provinces. To explore registered companies, ward maps, and real-time business data for Hanoi, visit the province directory below.