Hanoi, formerly known as Thang Long, is located in the place converging favorable conditions for the development of economy, commerce, international trade, tourism and service. The economic central position of Hanoi has been established for a long time in the history. The names of the streets as Hang Bac, Hang Duong, Hang Than ... were clear evidences for this. Currently, Hanoi economy ranks the second in the Vietnam economy and is the economic central of Red River Delta economy with the strong development of industries, finance, commerce and services.