Public investment drives growth in Hai Phong
Hai Phong is accelerating disbursement of public investment, viewing it as a key driver to lead and stimulate growth.
According to reports from localities and units, as of early April, the city had disbursed about 8,856 billion dong, equivalent to 22.8% of the assigned plan. With this result, Hai Phong ranks second nationwide in public investment disbursement, after Lang Son province.
The figure reflects not only faster disbursement but also the city’s determination to turn public investment into a spearhead for growth. As budget funds are injected into the economy, projects are rolled out simultaneously, creating strong spillover effects and supporting multiple sectors.
The city is currently implementing 31 key investment projects in transport, ports and cultural and healthcare infrastructure. These projects carry strategic significance, not only meeting social needs but also opening up new development space.
Improved transport infrastructure enhances connectivity across regions, while investment in healthcare and cultural facilities helps raise living standards, creating an attractive investment environment.
Infrastructure development remains a key factor in attracting businesses. In Hai Phong, each major infrastructure project has drawn investor interest, with 131 production and business projects being implemented in parallel with public investment projects.
Investment attraction in the early months of the year shows strong positive signals. In the first quarter of 2026, total foreign direct investment is estimated at 964.7 million U.S. dollars, up 87% year-on-year.
Industrial parks and economic zones attracted 915.3 million U.S. dollars, up nearly 94%, while areas outside industrial zones recorded about 49.5 million U.S. dollars in investment.
Domestic investment has also seen strong growth. In March, total domestic investment reached more than 12,500 billion dong. In the first quarter, total domestic investment stood at about 44,137 billion dong.
This reflects growing confidence among the business community in the city’s investment environment.
The number of newly established enterprises has also increased sharply. In the first quarter of 2026, a total of 2,172 enterprises were registered, up 42.4% year-on-year, exceeding the quarterly target and reaching 29% of the annual plan.
This highlights the close relationship between public and private investment. As the state invests in infrastructure and creates a favourable environment, businesses expand production and operations.
Public investment therefore not only builds infrastructure but also acts as a magnet to attract social resources.
In Hai Phong’s current development landscape, public investment is acting as a pathfinder. New roads, modern ports and well-planned infrastructure are reshaping the urban landscape and creating opportunities for stronger capital inflows.
The city has set a target of economic growth of over 13% in 2026. While challenging, the target is considered achievable as growth drivers, particularly public investment, continue to show effectiveness.
When public investment is implemented in the right direction, with the right focus and on schedule, it creates a leading effect, helping unlock broader social resources.
Hai Phong News