Vietnam's capital city, Hanoi, is shifting its economic strategy with a renewed focus on homegrown conglomerates. After years of relying heavily on foreign trade and investment, the city is now prioritizing domestic businesses to drive growth and reduce its dependence on external factors. This move is seen as a response to the country's economic diversification efforts, which aim to reduce its vulnerability to global market fluctuations and promote sustainable development. As Hanoi looks to boost its local economy, the city's residents and business leaders are likely to face new opportunities and challenges in the coming months.
Hanoi prioritises homegrown conglomerates after relying on trade and foreign investment
