The northern port city of Hai Phong’s economic growth rate in the first half of 2026 reached 11.33%, the highest level recorded in the past five years, the City People's Committee announced on July 8.
This performance positions Hai Phong as the leader among the group of seven centrally-run cities in Vietnam in terms of economic growth, and as one of 9 localities among the country's 34 provinces and cities that recorded two-digit growth, in the first half.
The city's growth momentum was primarily driven by industrial production, FDI attraction, export-import activities, and the services sector.
This growth was fueled by contributions from all four economic pillars. Specifically, the industry and construction sector increased by 13.46%, the services sector by 10.24%, and the agriculture, forestry, and fishery sector by 2.23%, while product taxes less subsidies by 8.69%.
Industrial production continues to serve as the main engine of the city's economy, with the Index of Industrial Production (IIP) for the six- month period rising by 14.79%. This marks the fifth consecutive year that Hai Phong has maintained double-digit growth in this index.
As of June 25, Hai Phong attracted $3.135 billion in Foreign Direct Investment (FDI), equivalent to 176.7% of the figure from the same period in 2025. Notably, $2.859 billion—accounting for 92.4% of the total capital—was poured into industrial parks and economic zones, primarily within the high-tech, processing, and manufacturing sectors. To date, the city has 1,853 active FDI projects with a total registered capital of approximately $54 billion.
Alongside industry, the services sector maintained a positive trajectory. Total retail sales of goods and consumer service revenue in the first half reached VND207,84 trillion ($7.9 billion), a 15.16% increase year-on-year. The transport, warehousing, and logistics sectors continued to leverage the advantages of the local seaport system, with revenue up 18.11%. Port cargo throughput reached 96.08 million tonnes, representing an 11.42% increase.
To achieve the annual GRDP growth target of 13% or higher, Hai Phong will continue to closely monitor business operations, review the development potential of key industries, and resolve obstacles for production and business in the second half of the year. The city will also accelerate the progress of public investment, particularly for major transport infrastructure projects such as Ring Road 2 (the Tan Vu – Hung Dao – Bui Vien section) and the Nguyen Trai Bridge.
Furthermore, Hai Phong aims to continue promoting its strengths in seaports, logistics, and tourism while boosting the attraction of high-tech FDI. These efforts are intended to create further growth room and ensure the city meets its goals for rapid and sustainable economic development throughout 2026.
Google translate