Revitalizing growth through the private sector
Private enterprises in Hai Phong are proactively leveraging their strengths and innovating their production and business operations, thereby making positive contributions to the city's economic growth targets.
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Fostering private enterprise development from the grassroots
Building on the strengths of a traditional fish sauce-making craft village in the coastal region, Quang Hai Co., Ltd. in Cat Hai Special Zone, with more than 30 years of operation, is gradually establishing its brand and expanding its consumer market. Alongside maintaining traditional production methods, the company is proactively adapting to new consumer trends by stepping up product promotion and distribution through e-commerce platforms.
As consumers become increasingly concerned about the origins and traceability of goods, controlling counterfeit, imitation and substandard products is of great importance to legitimate manufacturers. At the same time, policies encouraging private sector development, supporting technological innovation, digital transformation and market expansion are creating more favorable conditions for businesses to grow.
Mr. Bui Trac Vinh, Director of Quang Hai Co., Ltd., said that a transparent market and effective control of counterfeit and imitation goods give legitimate businesses more opportunities to establish their brands. The Party and State's attention to private sector development also provides businesses with confidence and motivation to continue investing in and developing traditional products.
Another driving force behind private sector development is the transformation of household businesses into enterprises. Ha Anh HD Manufacturing and Trading Co., Ltd. (Pham Su Manh Ward) converted its business model in October 2025, following more than 11 years of operation in the garment sector, specializing in garment processing for export. The company currently provides stable employment for more than 200 workers, with an average monthly income of VND 7–8 million per person. Employees are also provided with full insurance coverage and welfare benefits.
According to Mr. Nguyen Duc Uy, Deputy Director of Ha Anh HD Manufacturing and Trading Co., Ltd., the transition to an enterprise model has helped the company adopt a new management mindset, develop long-term business plans, enhance its competitiveness and lay the foundation for expanding production.
Strengthening connections within the business community is also a priority. In Pham Su Manh Ward, the Ward Business Association currently has more than 100 members, serving as a bridge for businesses and production and trading establishments to share experience, seek cooperation opportunities and raise difficulties encountered in their operations.
Mr. Lai Van Luong, Chairman of the People's Committee of Pham Su Manh Ward, said that Resolution No. 68 helps reaffirm the position and role of the private sector. The local authorities are encouraging eligible household businesses to transition to the enterprise model and creating favorable conditions for businesses to connect, cooperate, leverage their strengths and contribute to economic development.
Removing bottlenecks to create new growth momentum
Changes among businesses and production and trading establishments also reflect the growing role of the private sector in the city's economy.
According to a report presented at a conference reviewing one year of implementing Resolution No. 68 by the Hai Phong People's Committee, as of the end of August 2026, the city had 54,549 active enterprises, up 17.06% year-on-year from 2025, equivalent to 13.14 enterprises per 1,000 residents. The private sector contributed nearly 42% of the city's GRDP, provided employment for more than 64.3% of the workforce and accounted for 63.4% of total domestic budget revenue in the first eight months of the year.
However, the development process still faces bottlenecks that need to be addressed. A total of 24 out of 63 tasks under Resolution No. 68 are behind schedule. The number of enterprises suspending operations or dissolving has increased, while the conversion of household businesses into enterprises remains limited, with only 177 household businesses having completed the transition since the resolution was issued. Some support policies concerning land access, land rental fees and credit have yet to deliver the expected results.
At the conference reviewing one year of implementing Resolution No. 68, Mr. Le Trung Kien, Member of the Standing Committee of the City Party Committee and Vice Chairman of the Hai Phong People's Committee, emphasized that developing the private sector is a strategic task requiring decisive involvement from the entire political system. The city needs to make a strong shift in its approach, moving from state management towards serving businesses, proactively working alongside them and addressing difficulties at the grassroots level.
The Vice Chairman assigned the Department of Finance to take the lead in developing a new action plan that comprehensively integrates tasks under Resolution No. 68 with relevant resolutions issued by the central government and the City Party Committee. Responsibilities must be clearly defined in terms of personnel, tasks, authority, accountability and expected outcomes, addressing the problem of vague implementation that lacks tangible effectiveness.
Departments, agencies and local authorities are required to focus on resolving specific difficulties faced by businesses; publicly disclose planning information and lists of social housing and rental housing projects to attract private sector investment; and develop a database on the capabilities of supporting-industry enterprises to facilitate connections with foreign-invested corporations. The city will accelerate digital transformation and support business innovation, while delegating authority to communes, wards and special zones to proactively determine prices and arrange short-term leases of public assets, helping meet demand for production and business premises.
From businesses' own efforts to innovate to the authorities' initiatives to provide support and resolve difficulties, the private sector is gaining more favorable conditions to unlock its potential and contribute to the city's economic growth. It also represents an important resource for Hai Phong to achieve its goals of rapid growth and sustainable development in the years ahead.
Khanh Hoa