Hanoi:Seventy-two years after troops took over the capital, Hanoi has transformed from a war-torn city to one of Vietnam's economic powerhouses.
According to Vietnam News Agency, the city's growth is evident in its gross regional domestic product (GRDP), state budget revenue, and infrastructure development. It has pivoted towards science, technology, innovation, and urban quality as growth drivers.
The turning point for Hanoi came on October 10, 1954, when it began the task of restoring production and stabilizing life post-war. Despite starting with limited infrastructure, the city experienced sharp growth changes during the Doi moi (Renewal) period and global economic integration. Industrial parks, urban areas, malls, and transport networks now connect Hanoi to the Capital Region, the Red River Delta, and the rest of Vietnam.
Entering 2026 amid global volatility, Hanoi's economic momentum accelerated in the third quarter. GRDP grew an estimated 10.02% from a year earlier, marking the first double-digit growth of the year. Over the first nine months, GRDP expanded an estimated 8.85%, compared to 7.92% in the previous year. Services accounted for 67.64% of GRDP, with industry, construction, and agriculture contributing smaller shares.
Investment and infrastructure have powered this growth, with development investment reaching nearly 451.4 trillion VND in the first nine months, a 19% increase year on year. Foreign direct investment also rose, with nearly 4.067 billion USD attracted in the same period.
Hanoi's merchandise exports approached 16.861 billion USD, with strong contributions from the foreign-invested sector. State budget revenue was estimated at 567.597 trillion VND, providing the city with resources to reinvest in essential public services.
As Hanoi continues to grow, its focus is on transforming wealth into improved quality of life, addressing urban challenges like traffic congestion and pollution. The city aims to pursue smarter, more sustainable growth through science, technology, and innovation.