Hanoi Beer Alcohol and Beverage Joint Stock Corporation (Habeco), Thang Long Tobacco Company, and seven other firms will have to relocate their headquarters from downtown Hanoi, according to a decision made as part of a citywide relocation plan recently announced by the Hanoi People’s Committee.
The headquarters of all nine of the affected companies will be relocated from the inner-city area over the next five years once the municipal administration officially approves the plan.
The affected companies include Hanoi People Newspaper Printing Company at 15 Hang Tre Street; Hanoimoi Newspaper Printing Company at 35 Nha Chung Street in Hoan Kiem District; Habeco at 183 Hoang Hoa Tham in Ba Dinh District; Thang Long Tobacco Company at 235 Nguyen Trai Street; Vietnam News Agency Trading and Printing Company at 70/342 Khuong Dinh Street in Thanh Xuan District; Gia Lam Train JSC at 551 Nguyen Van Cu Street; Duc Giang Petrol and Oil Company at 26 Duc Giang Street in Long Bien District; Agricultural Publishing House Company at 167/6 Phuong Mai Street in Dong Da District; and the Vietnam Institute of Industrial Chemistry in Phuc Diem Ward under Bac Tu Liem District.
The headquarters of these companies were selected for relocation as they fail to meet standards for environmental protection and land use plans, according to the Hanoi Department of Natural Resources and Environment.
The municipal administration tasked the Hanoi Department of Finance with presenting measures of handling the old buildings and land after the relocation.
The Hanoi People’s Council on July 8 last year issued a resolution on a list of properties subject to relocation in the first phase.