Hanoi mobilises all resources to achieve the GRDP growth target of 11% or more

Politburo Member, Secretary of Hanoi Party Committee Tran Duc Thang, along with Hanoi city leaders, inspects the progress of the Tay Thang Long Road Project, passing through Dong Ngac Ward. (Photo: Quang Thai)

With the spirit of “saying is doing, doing quickly, doing correctly, doing effectively, doing to the end”, the political system of the capital is focusing on resolving bottlenecks, unlocking development resources, addressing difficult and complex issues without precedent, creating substantial changes so that citizens and businesses can align with policies, thereby reinforcing trust and creating new momentum for development.

New development mindset materialised at the grassroots level

Since the beginning of 2026, the task of realising the 11% growth target for the year has been implemented by the Party Committee, government, business community, and people of the capital through a comprehensive and practical system of solutions.

Specifically, based on the strategic triad of "Institution - Planning - New Development Model", the city has focused on concretising solutions for double-digit growth, shifting strongly from administrative management thinking to development governance.

A standout feature is the Proposal to innovate the development model, gradually completed according to the structure of "3 pillars - 5 drivers - 4 development spaces", establishing a growth model based on knowledge, science and technology, innovation, digital transformation, cultural resources, and high-quality human resources. The city is also simultaneously forming new drivers, freeing up resources, and expanding development space.

These orientations have been concretised in medium- and long-term development plans and action programs that implement the Central strategic resolutions, thereby gradually affirming Hanoi's role as a growth pole, a centre of linkage, and a development hub for the Capital Region and the entire country.

In this context, the city has quickly developed action programs and implemented the strategic Resolutions of the Politburo, which have a direct impact on double-digit growth, in a substantive and effective way. Notable examples include: Resolution No. 57-NQ/TW dated December 22, 2024, on breakthroughs in national science, technology, innovation, and digital transformation; Resolution No. 66-NQ/TW dated April 30, 2025, on innovating the construction and implementation of laws to meet the country's development requirements in the new era; Resolution No. 68-NQ/TW dated May 4, 2025, on private economic development; Resolution No. 79-NQ/TW dated January 6, 2026, on state economic development; Resolution No. 10-NQ/TW dated June 8, 2026, on foreign-invested economic development...

Notably, to concretize the identified goals, the city People's Committee has issued two Directives (Directive No. 11/CT-UBND dated May 14, 2026, on promoting growth in the second quarter and the last six months of 2026, striving for a GRDP of 11%; Directive No. 13/CT-UBND dated June 9, 2026, on launching emulation to successfully implement annual socio-economic tasks and targets and the 5-year Plan 2026-2030), directing all levels, sectors, and localities to focus on overcoming difficulties under the pressure of energy prices, inflation, and maximizing development space.

With a spirit of continuous innovation in thinking and decisiveness in action, the city's political system has strived to overcome all difficulties and challenges amid global and regional economic and political fluctuations, bringing clear changes in the concrete implementation of set goals and tasks. A commendable result is that in the first six months of the year, the capital's economy maintained its recovery momentum, with the city's GRDP estimated to increase by 8.22%, higher than the growth rate of the same period in 2025 (7.63%).

Notably, state budget revenue remains a prominent highlight, with cumulative revenue by June 30, 2026, totalling 404,418 billion VND, reaching 62.2% of the estimate and up 2.9% compared to the same period in 2025. Major contributing sectors and fields have been effective, with the industrial production index estimated to increase by 8.8% over six months, with processing and manufacturing industries playing a driving role.

In addition, the total retail sales of goods and consumer service revenue for six months is estimated at 2.545 million VND, up 13.6%; export turnover is estimated at 10.585 billion USD, up 5.5%. Simultaneously, the city has initially broken down the growth target into task groups by sector, field, and locality, focusing on identifying remaining growth spaces to manage growth scenarios quarterly, promptly adjusting when progress is not met.

In the first six months of the year, the city proactively managed in line with the double-digit growth scenario; thereby, the capital's economy continued to maintain positive growth momentum, with major balances largely ensured. (Photo: Giang Huy)

Public investment continues to play a leading role, especially in promoting strategic infrastructure, expanding new development spaces, and activating social investment. The cumulative disbursement of the city's public investment capital plan for 2026 by June 30, 2026, is 63,162 billion VND, reaching 52.64% of the plan assigned by the Prime Minister and corresponding to 42.09% of the city's plan if the 5% savings in budget investment expenditure is not counted to supplement investment resources for the Lao Cai - Hanoi - Hai Phong railway project as directed by the Central Government. Total social development investment capital reached 252.5 trillion VND, up 13.2%...

Particularly, state sector investment capital increased by 25.4%, playing a leading role in growth. Many projects and non-budget capital projects under special mechanisms have initially played a leading role, mobilising large social resources, unlocking land resources, creating spillover effects on construction, services, real estate, logistics, and private investment.

The city continues to develop the private economic sector, selectively attracts foreign direct investment (FDI), enhances the role of state-owned enterprises in key fields, and gradually builds an ecosystem of innovative, science and technology, digital transformation, and high-tech value chain enterprises.

It is estimated that in the first six months of the year, the number of newly established enterprises increased by 21%, and registered capital increased by 145% compared to the same period; FDI attraction reached over 3.23 billion USD, including 314 new projects, 68 projects with increased capital adjustments, and 180 capital contribution and share purchase transactions, with the field of professional, scientific, and technological activities accounting for 72.1% of total registered capital; thereby affirming the attractiveness of the capital's investment environment to international investors.

Along with the achievements in the first six months of the year, the new development mindset has initially been more clearly materialised at the grassroots level through models suitable to the advantages of each locality, such as cultural spaces, heritage economy, night economy, green tourism, digital economy, creative startups, logistics, high-quality agriculture, and urban services. Through this, new growth drivers have been gradually identified, nurtured, and connected with the requirements of modern urban governance, digital economy development, cultural industry, and high-quality services.

It must be affirmed that in the first six months of the year, the city proactively managed in line with the double-digit growth scenario; thereby, the capital's economy continued to maintain positive growth momentum, with major balances basically ensured.

Determination to achieve the GRDP growth target

Hanoi has clearly demonstrated a spirit of innovation, affirming the capital's pioneering and exemplary role in quickly bringing Central policies to life, ensuring no delay between the issuance of resolutions and their implementation. In this context, achieving the growth target is one of the key determinations of the Party Committee, the government, and the people of the capital.

The city has proactively recognised that the pressure to achieve the full-year growth target remains significant. The GRDP in the second quarter is estimated to increase by 8.1%, although it has shown positive changes compared to the first quarter, it is still lower than the second quarter scenario of 10.47% set out, requiring sectors and fields to accelerate more strongly in the last six months of the year to achieve the double-digit growth target.

The city is determined to concretise the GRDP growth target for the last six months of the year, ensuring an annual growth of 11% or more. Central Party Committee Member, Deputy Secretary of the City Party Committee, Chairman of the Hanoi People's Committee Vu Dai Thang stated that the city is focusing its highest efforts on the double-digit growth target.

The city will focus on mobilizing and efficiently utilizing all resources; maximizing new mechanisms and policies of the Capital Law 2026 to create development breakthroughs. The primary focus is to accelerate the disbursement of public investment capital, striving to complete the 2026 plan at the highest level, considering this as the driving force for growth, activating social investment, and creating jobs.

Along with that, the city will focus on decisively resolving bottlenecks in land clearance, planning, and investment procedures; completing investment preparation; and preparing land to simultaneously deploy strategic infrastructure projects, national highways, ring roads, bridges over the Red River, railway projects, multi-purpose works, new urban development areas, and social housing projects.

Realising the growth target is one of the key determinations of the Party Committee, the government, and the people of the capital. (Photo: Duong Tran)

For projects committed by investors at the Investment Promotion Conference, the city will establish specialised task forces to accompany businesses, minimising procedural time, turning memorandums of understanding into specific investment projects, and creating new production capacity and new growth resources for the capital.

Another notable solution is that the city continues to complete the Proposal to innovate the development model associated with establishing the capital's double-digit growth model; clearly identifying tasks to be implemented immediately in 2026, content that needs piloting, mechanisms that require Central opinions, and models for communes and wards to proactively implement according to the advantages of each locality.

The city focuses on reviewing and updating growth scenarios for the third quarter, fourth quarter, and the entire year 2026; breaking down growth targets to each sector, field, locality, and project group, clarifying the contributions of processing and manufacturing industries, construction, trade - services, tourism, real estate, logistics, digital economy, night economy, cultural industry, and new growth drivers.

In addition, the city promotes the development of new growth drivers, including the green economy, circular economy associated with pollution treatment, river revival, digital economy, e-commerce, fintech, blockchain, digital assets, striving for the digital economy to account for 35% of GRDP in 2026, night economy, silver economy... creating new growth drivers for the capital.

Speaking at the conference reviewing the first six months of the year and implementing tasks for the last six months of 2026 held on July 3, Politburo Member, Secretary of the City Party Committee, Head of the Hanoi National Assembly Delegation Tran Duc Thang requested the entire city's political system to focus on unifying awareness, determined to act with a spirit of innovation, aspiration for development to complete the 26 socio-economic targets set for 2026. In which the city's GRDP growth must reach 11%, export turnover must increase by 12%, and control the price index below 4.5%...

The head of the capital's Party Committee requests the city People's Committee and departments to review growth scenarios, accelerate all ongoing work, so that the city achieves the 11% growth target in 2026. At the same time, build scenarios to identify key projects to create a foundation for double-digit growth in 2027 and the following years.

In this context, immediate and long-term attention is especially needed to promote the development of industry, digital and green economies, innovation, science, and technology. Implementing the commitments signed at the investment promotion conference and announcing the Capital Master Plan with a 100-year vision on June 29.

Moreover, continue to strongly reform administrative procedures, improve the investment and business environment, ensure that investors are not deterred by administrative procedures, and ensure that no harassment affects the city's investment environment.

Accelerate the disbursement of public investment capital, strongly support the promotion of non-budget investment projects, assign specific responsibilities to each leader, each department, and locality responsible for controlling the "critical path" progress of strategic infrastructure projects, including both public investment and social investment. The head must take full responsibility for each project and each piece of work.

Hanoi city commits to maximising the spirit of solidarity, innovation, responsibility, and action, mobilising all resources, and is determined to achieve a GRDP growth target of 11% or more in 2026, contributing positively to the country's double-digit growth target, and building the capital into an increasingly civilised, modern, and cultured city.

Hanoi People-to-People Diplomacy: From friendly exchanges to mobilising resources for Capital development WVR - The Hanoi Union of Friendship Organizations is gradually innovating its people-to-people diplomacy in a practical and effective manner, closely linked with the mission ...

Vietnam tourism poised to surpass 25 million international visitors target WVR - Vietnam welcomed nearly 12.3 million international visitors in the first six months of 2026, an increase of 14.9% compared to the same period ...