May 14, 2026 | 16:15

Hanoi aims for night economy to contribute 12% of GRDP by 2045

Quỳnh Chi

The capital city has approved the Night-Time Economic Development Plan for 2026–2030, with a vision to 2045.

Hanoi aims for night economy to contribute 12% of GRDP by 2045

Hanoi has officially approved an ambitious plan to develop its night-time economy, aiming to transform the sector into a major driver of growth and position the capital as a leading cultural and entertainment destination in the region.

Under the Night-Time Economic Development Plan for 2026–2030, with a vision to 2045, the city targets the sector to contribute around 5% of its gross regional domestic product (GRDP) by 2030.

Authorities also expect night-time spending by tourists to account for 25–30% of their total trip expenditure, while increasing the average length of stay to between 2.5 and 3.5 days—an important indicator of Hanoi’s appeal as a destination of tourism.

By 2035, the night economy is projected to contribute 7–8% of GRDP, supported by annual growth of 12–14% in services, tourism, and cultural industries. The Red River corridor is set to become a key creative economic hub, hosting high-value cultural, artistic, and commercial activities and strengthening Hanoi’s integration into the regional night economy network.

The city also plans to establish three to five flagship night-time economic zones, each with a distinct identity. These include heritage- and culture-focused areas in Hoan Kiem and Cua Nam wards, a modern entertainment hub in Tay Ho, and a creative-industrial area in Gia Lam.

Looking ahead to 2045, Hanoi aims for the night economy to contribute more than 12% of GRDP, attract 8–10 million international visitors annually to night-time activities, and build a global reputation as a “City of Night-time Cultural Experiences.”

Attention
The original article is written and published on VnEconomy in Vietnamese, then translated into English by Askonomy – an AI platform developed by Vietnam Economic Times/VnEconomy – and published on En-VnEconomy. To read the full article, please use the Google Translate tool below to translate the content into your preferred language.
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