Hai Phong pushes to hit 13% GRDP growth target

Maintaining a strong growth pace

In early 2026, the Middle East conflict drove persistent fuel price volatility, while U.S. tariff policies weighed on trade. As the main seaport gateway for northern provinces and a city with a large industrial base, Hai Phong has been directly affected by supply‑chain disruptions and rising fuel costs.

Under the growth scenario, the city expected GRDP to rise 12% in Q1, 12.8% in Q2, and 12.42% for the first half of the year. However, due to adverse factors, limited Q1 growth to 11.21%. Although short of the target, this rate still places Hai Phong among the top three fastest‑growing localities nationwide.

Under the Party Committee’s leadership and the decisive governance of the People’s Committee and other authorities, many constraints on growth were promptly removed. At the 3^rd Hai Phong Party Committee conference to review socio‑economic results for Q1/2026, the city revised its Q2 growth target up to 13.54%, 0.74 percentage points higher than the original scenario.

The adjustment reflects the city’s determination to achieve GRDP growth of at least 13% in 2026 and contributing to the country’s double‑digit growth target.

According to the Ministry of Home Affairs’ 2025 results, Hai Phong continues to top the national Public Administration Reform Index (PAR INDEX) and the Satisfaction Index of Public Administrative Services (SIPAS). The Vietnam Chamber of Commerce and Industry (VCCI) also honored the city as one of the five localities with the best economic governance in 2025.

Turning pressure into momentum

At a working session with Hai Phong Party Standing Committee on the afternoon of June 1, Prime Minister Le Minh Hung stressed that to meet the 2026 and 2026–2030 growth targets of 13–14%, Hai Phong must implement National Assembly’s Resolution No. 226 on piloting several special mechanisms and policies for city development swiftly and effectively. The city should proactively coordinate with central ministries to boldly propose amendments or new special mechanisms and policies. The government will accompany and facilitate Hai Phong’s development.

To achieve GRDP growth of at least 13%, Hai Phong has set Q3 and Q4 targets at 13.95% and 13.11%, respectively. Traditional growth drivers — public investment, consumption and exports — will be maximized. The city also identifies new growth engines based on science and technology, innovation, the digital economy and tourism, while leveraging the advantages of the Free Trade Zone and specialized economic zones to create long‑term growth space.

These measures form an important foundation for Hai Phong to meet its GRDP growth targets for 2026 and the 2026–2030 period, aiming for at least 13% and striving for 14%.

Hai Phong News