Hai Phong supports businesses to sustain growth momentum
Hai Phong has identified supporting businesses to maintain and develop production and business as a top priority task.
Major businesses maintain and expand production
In the first quarter of 2026, Hai Phong city's GRDP reached 165,699 billion VND, up 11.21% from the same period in 2025, ranking third nationwide. Amid adverse impacts from global economic fluctuations, this result not only reflects the city's great efforts in management and direction, along with proactive involvement from departments, sectors, units, and localities, but also highlights the contributions from businesses.
In fact, despite facing numerous challenges, many businesses have maintained their production and continued to expand investments. With a total investment capital of about 240 million USD, Brother Vietnam Industrial Limited Company located in Phuc Dien Industrial Park (Mao Dien Commune), specializes in producing printers, fax machines, multifunctional electronic devices, and electronic components. A company representative stated that, despite ongoing market difficulties and production costs, the company's operations remain stable. Currently, the business is implementing a project to add approximately 20 million USD in investment capital.
Meanwhile, a representative from Hyundai Kefico Vietnam Limited Company at Dai An Industrial Park, noted that after nearly 20 years of investment, the company now operates 60 production lines, launching about 87 million products to the market annually and providing jobs for nearly 2,300 workers with an average monthly income of 15 million VND. The company plans to continue investing to enhance its production capacity.
According to the Hai Phong Economic Zone Authority, in the first quarter of 2026, revenue from major businesses reached approximately 271,174 billion VND, up nearly 17% from the same period in 2025. Among 149 surveyed businesses, 79 expect revenue growth compared to the same period, with the lowest increase at nearly 2% and the highest over 100%.
In the first three months of the year, business trend survey of processing and manufacturing enterprises by Hai Phong Statistics showed that 63.82% of businesses rated their production and business situation as stable or improved compared to the fourth quarter of 2025. 73.9% of businesses assessed production as stable or better.
Accompanying and supporting businesses.
A survey by the Hai Phong Economic Zone Authority found that 15 businesses in industrial parks and economic zones with import-export activities in Middle Eastern markets were affected by conflicts, leading to delayed or canceled orders. Rising fuel prices have driven up transportation and raw material costs. Additionally, some businesses in paints, plastics, and oil filter cores have been severely impacted due to reliance on raw materials and consumer markets in the Middle East.
To achieve growth targets of 13% or higher in the 2026-2030 period, the city needs to mobilize about 2.4 million billion VND in total social investment capital, with the non-state sector and foreign investment accounting for nearly 90%. This affirms key role in economic growth, while emphasizing the need to continue improving the investment environment and resolving bottlenecks for businesses.
Hai Phong News