On January 6th, Hai Phong City’s statistics revealed that its 2025 GRDP growth rate reached 11.81%, topping all centrally governed cities and ranking second nationwide, just behind Quang Ninh province (11.89%).
2025 marks a significant milestone as Hai Phong City maintained double-digit growth for 11 consecutive years. Following its administrative merger with Hai Duong, Hai Phong’s 2025 GRDP at current prices is estimated at VND 734,420 billion (approximately USD 29.4 billion).
The city’s total budget revenue in 2025 is projected to reach VND 190,379 billion, exceeding the estimate by 34.8%. Notably, domestic budget revenue surged to VND 103,879 billion for the first time, ranking third nationally in domestic budget scale.
The economic structure continues to shift positively toward industrialization and modernization. The industrial-construction and service sectors remain the backbone, dominating the GRDP. Industrial production index (IIP) grew steadily, with export turnover hitting USD 35 billion.
In 2025, Hai Phong City’s domestic budget revenue reached VND 103,879 billion.
Social welfare initiatives also achieved remarkable results. Per capita GRDP reached VND 194.5 million/person/year; over 61,000 jobs were created; and the multidimensional poverty rate dropped to a minimal 0.5%.
2026 is set as the starting year for the new 2026-2030 development phase, targeting a 13% GRDP growth rate. The city focuses on investing in high-impact, strategic projects.
Key infrastructure projects include accelerating the East-West Expressway and the Ninh Binh – Hai Phong Expressway.
In the port-logistics sector, development focuses on berths 7-12, Lach Huyen International Gateway Port, and the Nam Do Son Seaport. Priority is also given to building infrastructure in the Southern Coastal Economic Zone and enhancing digital, education, and healthcare facilities.
Hai Phong City continues to prioritize strategic projects, port-logistics, and economic zone infrastructure for socio-economic development.
According to Hai Phong City’s People’s Committee, development was uniform across all 114 communes, wards, and special zones, all surpassing their assigned targets.
Alongside domestic revenue, import-export activities significantly contributed to the budget. In 2025, budget revenue from import-export activities reached VND 86,500 billion, exceeding the plan by VND 20,000 billion. Port infrastructure fees collected VND 1,502 billion, meeting 113% of the target.
Public investment disbursement reached VND 37,600 billion, or 104.76% of the Prime Minister’s plan. Total budget expenditure was VND 74,810 billion, ensuring resources for regular activities and key projects.
Unveiling the Top 5 Fastest-Growing Localities in Vietnam for 2025
In 2025, local GRDP growth continued its robust recovery, with most regions surpassing a 7% increase. Quang Ninh and Hai Phong led the charge with remarkable growth exceeding 11%, while Hanoi and Ho Chi Minh City remained the backbone of the national economy.
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The Ho Chi Minh City government has outlined three ambitious growth scenarios for 2026. The most optimistic scenario targets a 10% growth rate, contingent on favorable conditions and the early implementation of the revised Resolution 98 mechanism. This scenario also aims to achieve a total budget revenue exceeding 805 trillion VND.
Government Spends Over 163 Trillion VND on Early Retirement Packages for Officials
Here is the information shared by Deputy Director of the State Treasury, Ngo Thi Nhung, with the press on the afternoon of December 26th.
Over 163 Trillion VND Paid to 117,000 Employees Under Decree 178
Last year, the State Treasury under the Ministry of Finance disbursed over 163 trillion VND to 117,000 beneficiaries in accordance with Decree No. 178.
