Hai Phong – an attractive destination for the business community

New requirements

On January 8, 2026, Prime Minister Pham Minh Chinh signed Resolution No. 02, which sets out the key tasks and solutions to improve the business environment and enhance national competitiveness in 2026.

One of the objectives of the Government’s Resolution No. 02 is to continue strongly improving the quality of the investment and business environment in line with domestic conditions and development trends, thereby enhancing Vietnam’s position in international rankings. The Resolution aims to create a healthy and competitive investment and business environment that ensures openness, transparency, and stability; reduces compliance costs; aligns with good international practices; encourages innovation and creativity; unleashes productive capacity; mobilizes all resources; and creates new momentum for development.

The goals set out in Resolution No. 02 highlight new requirements to improve the investment and business environment. This is not only an urgent task but also one that requires ministries, sectors, and localities to shift strongly from a management-oriented mindset to a development-facilitating approach, placing people and businesses at the center of public service.

In Hai Phong, in recent years, the city has made continuous efforts and achieved many outstanding results in improving the investment and business environment. In 2025 alone, Hai Phong rose to first place nationwide in three indices: the Provincial Competitiveness Index (PCI), the Public Administration Reform Index (PAR Index), and the Satisfaction Index of Public Administrative Services (SIPAS).

Beyond these indices, Hai Phong’s investment and business environment has continued to improve with 11 consecutive years of double-digit economic growth and record-high investment attraction. Domestic investment capital reached nearly VND 560 trillion (ten times higher than in 2024), while foreign direct investment (FDI) amounted to nearly USD 20 billion.

Another impressive figure is that nearly 7,500 new enterprises were established during the year, raising the total number of operating enterprises in the city to more than 50,000. Operating enterprises recorded an average revenue growth rate of over 20%.

Building on these achievements, in 2026 and the 2025–2030 period, Hai Phong has set new goals with a strong aspiration for development. To realize these goals, one of the city’s key tasks is to continue improving the investment and business environment in association with the balanced development of all economic sectors, creating distinctive competitive advantages to make Hai Phong an attractive investment destination and a strategic destination in the new era.

New policies – new approaches – new speed

To concretize its goals and tasks for 2026, the city strives to continue maintaining and improving its rankings in the PCI, PAR Index, and SIPAS through a range of specific measures. These include accelerating and intensifying administrative procedure reform, digital transformation, and the simplification of paperwork; innovating and upgrading effective models to support enterprises in administrative procedures, particularly in accessing online public services associated with digital transformation. Efforts are also focused on building trust between authorities at all levels and the business community; promoting innovation; developing high-quality human resources; strengthening sectoral and regional linkages; and gradually forming a deep and far-reaching enterprise ecosystem.

The city has also thoroughly instilled the spirit of ‘decisive action – dedicated service’ and the principle of ‘clear responsibility for people, tasks, timelines, accountability, outputs, and authority’ among departments, agencies, localities, cadres, civil servants, and public employees.

Recently, the city launched the construction of three industrial park projects, namely Tien Lang 1 Industrial Park, Tien Lang Airport – Zone B Industrial Park, and Vinh Quang Industrial Park (Phase 1), with a total investment of up to VND 19 trillion. These projects are impressive not only in scale and total investment but also for their standout feature of record-shortened procedures and timelines for investment approval.

The groundbreaking of three projects with record-shortened investment procedures in the very early days of 2026 stands as clear evidence of the city’s determination to build a transparent, favorable, safe, and sustainable investment and business environment. The results achieved from improving the investment and business environment, together with strong reform resolve in 2026, not only provide a solid foundation for attracting investment but also serve as an important driving force enabling the city to continue making breakthroughs and contributing positively to the overall growth of the region and the country.

HA MINH