Hai Phong remains steadfast in growth target
Hai Phong aims for a growth rate of at least 13% in 2026 and plans to double its GRDP within the next five years, positioning itself among the leading urban centers in Southeast Asia.
Over the past year, Hai Phong, together with the rest of the country, has carried out a sweeping reform to streamline its organizational structure while operating a two-tier local government apparatus after administrative merger.
Alongside effective ideological work that fostered consensus among officials, Party members, and residents, the city swiftly issued mechanisms and policies to address key socio-economic development issues, safeguard social welfare, and accelerate progress on strategic tasks critical for the 2025 – 2030 period.
According to a report of the Party Committee of the municipal People’s Committee, Hai Phong’s GRDP is estimated to grow by 12.35%, surpassing the Government’s target of 12.2% and marking the 11th consecutive year of double-digit growth.
This result reflects the city’s adaptability in the new development phase. The economic structure continued shifting toward modernization, with the industry, construction and service sector accounting for about 89% of GRDP, while agriculture made up only around 4.6%. The industrial production index is estimated to rise by 15.7%, with high-tech industrial output contributing 61.5% of the manufacturing-processing sector.
This provides an important foundation for the city to continue attracting investment to high value-added, energy-efficient, and environmentally friendly industries.
State budget revenue in the city is estimated at 187.7666 trillion VND, equivalent to 127.4% of the target assigned by the Central government and up 23.1% year-on-year. Total social investment is projected at 321 trillion VND, rising by 15.6% and accounting for 42.9% of GRDP. 2025 FDI inflows are estimated at 3.8 billion USD, and domestic investment at 371.656 trillion VND, 8.3 times higher than the same period…
Cultural and social sectors continued to post positive improvements, and social welfare remains well ensured. Notably, Hai Phong ranked first nationwide in four major indices for the first time, namely the Provincial Competitiveness Index (PCI), Public Administration Reform Index (PAR Index), Satisfaction Index of Public Administration Services (SIPAS), and Provincial Green Index (PGI).
The city targets a growth rate of at least 13% in 2026 and plans to double its GRDP within the next five years, placing Hai Phong among Southeast Asia’s exemplary urban centers. This is a major challenge requiring the entire political system, the business community, and citizens to make much greater efforts than before.
To achieve these goals, Hai Phong remains committed to the Action Program for implementing the Resolution of the city Party Congress and its key tasks and solutions. In addition to completing adjustments to the 2021 – 2030 Planning, the city will continue implementing the Hai Phong Master Plan to 2050, with a focus on strongly reforming its growth model and restructuring the economy toward modernization and sustainability.
The city will prioritize industrial production, accelerate the progress of major industrial projects, and develop ecological industrial clusters and new industrial parks and clusters in southern coastal and specialized economic zones. At the same time, it will develop modern logistics, trade, and seaport services, implement the plan to build Hai Phong into an international logistics hub, and develop green and smart port models.
In agriculture, Hai Phong will focus on large-scale commodity production, circular agriculture, high-tech applications, and digital transformation.
To enhance the investment environment, the city will continue improving land, investment, and construction procedures, accelerating digitalization, and maintaining its top performance on indices such as PCI, PAR Index, and SIPAS. This will help boost investment promotion, attract major corporations, expand markets, strengthen international cooperation, connect the business community, and complete the legal framework.
Hai Phong will also effectively implement its special mechanisms, finalize the 2026 – 2030 medium-term public investment plan, and prioritize capital for strategic infrastructure projects such as Tan Trao industrial park and the LNG power plant. These efforts will help the city realize its 2026 growth target and sustain momentum in the following years.
LE OANH