Under its development strategy through 2030, Hue City in central Vietnam has established a rigorous selection process for investment projects, focusing on key criteria such as technology, environmental impact, and socio-economic efficiency.
Moving away from chasing quantity, the central city is now prioritizing quality, favoring projects that utilize modern, clean technologies, conserve resources and energy, and generate high added value within production and business chains.
Projects that yield positive environmental impacts, contribute to greenhouse gas emission reductions, and demonstrate resource efficiency are highly encouraged by the central city. Priority sectors include renewable energy, green urban development, waste management, and coastal eco-tourism integrated with landscape conservation. Conversely, any projects posing potential risks of environmental pollution will be rejected.
In addition to developing green industries and services, Hue aims to establish green value chains through recycling, material reuse, and waste management under a circular economy model. Beyond economic returns, projects must guarantee sustainable employment, improve worker incomes, and make meaningful contributions to the local community.
In the agricultural sector, Hue is pivoting toward organic, circular, and high-tech models to adapt to climate change and meet evolving consumer demands. Various support policies have been enacted to attract investment into high-tech and organic farming, as well as digital transformation in production.
Specifically, high-tech crop cultivation and aquaculture facilities are eligible for support of up to VND500 million (over $19,000). Large-scale livestock farms or breeding facilities can receive incentives ranging from VND500 million to VND1.5 billion (over $57,000).
Substantial support is also provided for organic livestock models and high-tech, environment-friendly poultry slaughtering facilities. Projects implementing circular technology or digital transformation may qualify for even higher levels of assistance. Furthermore, the city encourages linkages between production and consumption—particularly in organic and VietGAP sectors—to build sustainable “farm-to-market” value chains.
Currently, Hue City is home to approximately 6,700 active enterprises, over 97% of which are small and medium-sized enterprises (SMEs). This corporate sector contributes nearly 40% of the local budget revenue and provides jobs for approximately 120,000 workers.
Nguyễn Thuấn
