During the 28th session, the Hanoi People’s Council adopted a resolution outlining the relocation of industrial, healthcare, educational facilities, and government offices within the central urban area. These relocations align with the adjusted Master Plan for Hanoi Capital Region until 2045, with a vision toward 2065. In the first phase, 66 entities, including 51 industrial facilities and 15 government offices, will be relocated.
Among these, the Thang Long Tobacco Company, located on Nguyen Trai Street (Khương Đình Ward) with an area of over 65,300 m², is one of the nine industrial facilities slated for relocation. Others include the Nhan Dan Newspaper Printing Company, Hanoi Moi Newspaper Printing Company, Hanoi Beer Factory, Vinataba Thang Long, Vietnam News Agency Printing and Trading Company, Gia Lam Railway Factory, Duc Giang Petroleum Depot, Agriculture Publishing House, and the Vietnam Institute of Industrial Chemistry.
Established in 1957, Thang Long Tobacco Company (Vinataba Thang Long) marked the beginning of Vietnam’s tobacco industry. The company has already relocated its factory from the prime location on Nguyen Trai Street to the Thach That – Quoc Oai Industrial Park, handing over the site for new development.
Hanoi Beer Company (Habeco), another entity set for relocation, is headquartered and operates its brewery on prime land along Hoang Hoa Tham Street. Founded in 1890 by the French as the Hommel Brewery, Habeco produced the first Vietnamese-made beer in 1958. Its beers have since become integral to Hanoi’s culinary culture and are popular both domestically and internationally.
The Nhan Dan Newspaper Printing Company (15 Hang Tre) and Hanoi Moi Newspaper Printing Company (35 Nha Chung), both located on prime real estate in Hanoi, are also included in the first phase of relocations.
Gia Lam Railway Company, established in 1905 during the French colonial period, occupies over 204,000 m² at the intersection of four northern railway lines on Nguyen Van Cu Street. The company is renowned for producing iconic railway products, including the “Tu Luc” steam locomotive and the “Doi Moi” diesel locomotive.
Among the 42 industrial facilities to be relocated are several long-standing enterprises, including Dong Xuan Knitwear Company, Viet Ha Beverage Company, Viglacera Thanh Tri Ceramics, X20 Corporation, and Rang Dong Light Bulb and Thermos Company.
Rang Dong’s 5.7-hectare factory site at 87-89 Ha Dinh is strategically located near the “Cao – Xà – Lá” area and Thuong Dinh Shoe Company along Nguyen Trai Street.
Rang Dong Light Bulb and Thermos Company, originally established as Rang Dong Factory in the 1960s, was one of 13 factories built by the government post-independence. During the 1960s to 1980s, Rang Dong was synonymous with essential products like thermoses, light bulbs, and automotive headlights, dominating the northern market with little competition.
Dong Xuan Knitwear Company, founded in 1959 and located on the prime Minh Khai Street, is also slated for relocation to meet the city’s planning requirements.
From late 1964 to 1979, the factory primarily produced military supplies, including undershirts, cold-weather jackets, canteen straps, ammunition belts, grenade pouches, food bags, belts, gloves, mosquito-repellent socks, personal mosquito nets, and blankets.
Nearby on Minh Khai Street, Viet Ha Investment and Trading Company is also set for relocation. This company was once renowned for its food and beverage production and distribution.
The 15 government offices and units slated for relocation include the Science and Technology Printing Company, Bridge and Road Construction and Mechanics Company, Hanoi Electrical and Water Installation Company, Trang An Private General Hospital, Thuong Dinh Electrical Cable Company (Cadisun), and Vicem Cement Trading Company.
FLC Group Receives Positive News Under Former Chairman Trinh Van Quyet’s Leadership
FLC Premier Parc, a residential project within the urban area of Dai Mo Ward, has been granted permission by the Hanoi Department of Construction to sell units to foreign organizations and individuals. Developed by FLC Group, this condominium project marks a significant milestone in the real estate market.
Skyrocketing Prices: Hanoi’s Social Housing Units Surge to 90 Million VND/m², a Fivefold Increase
Social housing projects, once a beacon of affordability, are now commanding staggering prices on the secondary market. Just a few years after launch, units are being listed at 80-90 million VND/m², a 4-5 fold increase from their initial prices. This surge brings them on par with high-end condominiums, effectively pricing out the very low-income earners they were intended to serve.
Which Major Businesses Are Set to Relocate from Hanoi’s City Center?
In the coming years, several key industrial facilities will be relocated from Hanoi’s inner city. These include the Hanoi Beer Factory, Thang Long Tobacco Company, Gia Lam Railway Factory, and the Vietnam Institute of Industrial Chemistry.
Hàng Mã Townhouse Prices Surpass $1 Billion/m², 20m² Units Rent for $45 Million/Month
In the bustling heart of Hanoi’s Old Quarter, Hang Ma Street stands as a testament to the city’s thriving commerce. Property values and rental rates continue to soar, with multi-story buildings reaching up to $50,000 per square meter. Even compact kiosks, spanning mere dozens of square feet, remain in high demand, fully occupied by eager businesses.









































