Accelerating projects to drive economic growth
The implementation of key projects is being accelerated to boost GRDP growth in the 4th quarter of 2026, while expanding the space and creating room for Hai Phong to make strong breakthroughs.
Husty atmosphere at key construction sites
Following the completion of the main bridge connection on October 26, contractors at Tan An Bridge and National Highway 18 approach road construction sites are mobilizing maximum manpower and equipment to work additional hours and shifts to speed up the remaining items, with the goal of opening the project to traffic this November.
All six main construction packages of the project to build Ring Road 2’s Tan Vu-Hung Dao-Bui Vien section, are also picking up pace. Vu Van Cuong, Deputy Director of Project Management, said that by the end of October, the cumulative completion volume across the six packages had reached 61% of the plan.
To maintain construction momentum, the project owner has required contractors to mobilize sufficient machinery, equipment, workers and materials, and organize multiple construction teams to open the project to technical traffic on January 30, 2027 as scheduled.
The urgency is evident not only at ongoing construction sites but also in projects preparing to break ground, where site clearance progress is a key requirement. A representative of the leadership of the Hai Phong Traffic Construction Investment Project Management Board said that the project to build a road from Ho Sen Street to Quan Mau Intersection, with a total investment of VND 1.244 trillion, is scheduled to break ground in November.
This will be followed by several other projects, which are scheduled to begin in the first quarter of 2027, including the construction of a road connecting Rao 3 Bridge to the coastal road, from Bui Vien Street to Provincial Road 363, with a total investment of VND 3.858 trillion, and the Ninh Binh-Hai Phong Expressway’s section passing through Hai Phong and a 9-km section in Hung Yen Province.
These large-scale projects will not only address immediate needs affecting people's daily lives but also help expand the city's development space.
Driving economic growth
The city has set a target of 15.39% GRDP growth in the 4th quarter of 2026 to achieve its full-year target of 13%. Meeting this goal requires strong impetus from public investment. The simultaneous acceleration of public investment projects, particularly key works, will provide a significant boost to the economy.
To speed up project implementation and prevent construction from being held up by funding shortages, the City People's Council issued Resolution No. 42/NQ-HDND dated September 25, 2026, on the 4th adjustment and supplementation of the city's 2026 public investment plan. The resolution added VND 8.448 trillion, bringing the total public investment capital for 2026 to VND 44.1353 trillion.
Under the adjustment, additional funding was allocated to the city's specialized project management boards and numerous communes and wards for project implementation. Following the adjustment, the amount of public investment to be disbursed in the final two months of the year reached VND 11.452 trillion. The pressure to accelerate disbursement helps speed up construction and channel capital into supporting industries such as construction materials, thereby stimulating domestic consumption.
At the conclusion of a meeting of the Standing Committee of the Hai Phong Party Committee on the afternoon of November 5, Le Ngoc Chau, Member of the Party Central Committee, Secretary of the City Party Committee and Head of the City National Assembly Delegation, reaffirmed the determination to overfulfil the public investment plan assigned by the Prime Minister within November, with a target of reaching 120% by the end of December.
To achieve this goal, the Secretary of the City Party Committee called on Party committees at all levels and their heads to strictly follow the principles of “Focus only on action, never retreat” and “Today's work must not be put off until tomorrow; address each task as it arises.” He also called for weekly progress meetings, establishment and monitoring of critical-path schedules, and more frequent visits to localities.
Disbursing an average of nearly VND 6 trillion per month over the remaining two months of 2026 is not only an urgent task in the final push but also an important stepping stone for driving public investment and realizing the city's 2026 GRDP growth target. At the same time, this performance will lay the groundwork for Hai Phong to disburse its 2027 public investment plan with VND 38.7608 trillion, approved by the City People's Council at the end of October.
MINH KHOI