Political resolve drives Hai Phong's double-digit growth target
Committed to achieving GRDP growth of at least 13%, Hai Phong is strengthening execution discipline and unlocking key growth drivers during the remaining months of 2026.
Strong leadership and direction
Hai Phong's target of achieving GRDP growth of 13% or higher in 2026 and maintaining the same annual average during the 2026 – 2030 period is more than an economic objective. For the city, it is also a major political mission that reflects its role and responsibility as one of Vietnam's key growth poles.
That ambition demands stronger leadership from Party committees, more effective governance, and greater accountability from leaders. The higher the target, the more concrete the leadership approach must be, with every task assigned to a responsible agency, a clear deadline, and measurable outcomes.
This approach has guided the city's entire political system in directing socio-economic development since the beginning of the year. In response to mounting growth pressure, the City Party Committee issued a resolution on strengthening leadership and direction in realizing annual GRDP growth targets of 13% or higher for the second half of 2026 and the 2026 – 2030 period, providing a unified political framework for coordinated action. By the end of July, all 114 Party organizations under the City Party Committee had adopted implementation programs and plans.
The city's seven-month performance reflects the early impact of this coordinated effort. Seven of 10 key socio-economic indicators met or exceeded their targets. Industrial production rose by 15%, exports reached USD 36.8 billion (up 10%), cargo throughput exceeded 115 million tons (up 11.65%), and State budget revenue totaled VND 133.384 trillion, an increase of 13.7% year on year.
Unlocking key drivers
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According to the Department of Finance, achieving annual GRDP growth of at least 13% will require growth of approximately 14.81% in the third quarter and 14.2% in the fourth quarter, with second-half growth averaging 14.49%.
Industrial production remains the top priority, contributing nearly 49.5% of the city's GRDP. Authorities have been instructed to directly address obstacles related to markets, electricity, labor, capital, land, investment procedures, and logistics, while supporting new projects to begin operations and reach full capacity as quickly as possible.
Alongside industrial development, investment attraction is expected to provide an additional engine for growth. According to Head of the Hai Phong Economic Zone Authority Pham Van Thep, the unit will continue to intensify investment promotion in high technology, supporting industries, and logistics during the remaining months of the year, aiming to exceed its 2026 foreign direct investment target.
Priorities also include accelerating site clearance, developing infrastructure immediately after land becomes available, completing administrative procedures for the Free Trade Zone, and promptly resolving difficulties of businesses.
Public investment is another critical driver. Under the direction of Secretary of the City Party Committee Le Ngoc Chau, Hai Phong aims to disburse all of the public investment allocated by the Prime Minister and return to the top five localities nationwide in disbursement performance. Each project will be reviewed individually to resolve issues involving site clearance, procedures, materials, and contractor capacity, with problems addressed decisively at the appropriate level of authority.
Ultimately, political determination for double-digit growth will be measured by tangible progress across every sector and locality, the number of projects brought back on track, investment capital disbursed, and new production capacity put into operation. Only through clear accountability and consistent implementation can Hai Phong's growth target of 13% or more become a practical reality.
LE HIEP