Hai Phong boosts investment mobilization to meet growth targets
To achieve its 2026 growth target for the 2026–2030 period, Hai Phong has set a goal of mobilizing total social investment of VND 363 trillion in 2026.
Turning targets into key projects
According to Nguyen Ngoc Tu, Director of the municipal Department of Finance, the city will require at least VND 2.4 quadrillion in investment during the 2026–2030 period to meet growth targets. For 2026, in order to achieve GRDP growth of 13%, with expectation of 14%, the city aims to mobilize VND 363 trillion in total social investment.
From the very first days of 2026, socio-economic development tasks have been prioritized. To maximize resource mobilization, the city is accelerating the public investment disbursement, , focusing on 31 key projects.
The city is also implementing measures to facilitate enterprises in speeding up project implementation. In January 2026, three industrial park and industrial cluster development projects, with a total investment of nearly VND 20 trillion, were launched by investors.
According to the city’s January 2026 socio-economic report, thanks to these measures, the city’s economy has maintained its growth momentum. Total newly registered FDI reached approximately USD 412.68 million, up 69% year-on-year and exceeding 100% of the monthly target.
Focusing on site clearance
The city targets total social investment of VND 69.4 trillion in the first quarter, VND 86.8 trillion by the end of the second quarter, VND 254 trillion by the end of the third quarter, and VND 109 trillion in the fourth quarter.
Director Nguyen Ngoc Tu noted that in the total investment structure for the 2026–2030 period, public investment is expected to account for about 10%–11%, private investment around 40%, and the remainder foreign direct investment, indicating that the non-state sector will represent a significant share. Accordingly, a key solution is to step up investment attraction and strengthen the management of non-budget investment projects.
According to the Hai Phong Economic Zone Authority, efforts are being made to apply special mechanisms for the southern coastal economic zone and the proposed free trade zone, while accelerating key projects within the economic zone, particularly port terminals at Lach Huyen.
Meanwhile, the Department of Industry and Trade is coordinating with Hai Phong Economic Zone Authority to closely monitor production and business activities of more than 200 enterprises with annual revenues exceeding VND 1 trillion, enabling timely support so that they can maintain stable operations.
To meet first-quarter and full-year 2026 growth targets, at the city’s January 2026 regular meeting, Chairman of Hai Phong People’s Committee Le Ngoc Chau directed departments, agencies and localities to accelerate land clearance for projects, especially key projects, enabling the early handover of cleared land to investors in line with approved schedules.
Hai Phong News