Hai Phong ranks first among centrally-run cities in economic growth

The northern port city of Hai Phong continued its impressive economic performance in the first half of the year, ranking fifth nationwide, second in the Red River Delta and first among centrally-run cities in terms of growth rate, said Permanent Vice Chairman of the municipal People's Committee Le Anh Quan.

Hai Phong ranks first among centrally-run cities in economic growth -0
Permanent Vice Chairman of the municipal People's Committee Le Anh Quan speaks at the meeting (Photo: VNA)

Speaking at a regular meeting of the municipal People's Committee on July 3, Quan said several sectors posted double-digit growth, including industrial production, cargo throughput at ports and budget revenue. The tourism and service sectors also displayed a remarkable recovery, while social welfare policies proved effective.

Hai Phong's gross regional domestic product (GRDP) expanded by an estimated 10.32% year-on-year during the period. This growth was driven by strong performances across industrial and construction (12.76%), services (8.54%), and agro-forestry-fisheries (0.86%).

Total State budget revenue reached an estimated 60.8 trillion VND (2.53 billion USD), a significant increase of 34.77% compared to the same period last year. This represented 62.15% of the target set by the Government and 56.96% of the target set by the municipal People's Council.

Foreign direct investment also saw positive developments, surpassing 1.5 billion USD and achieving 77.58% of the annual plan. Export turnover grew by 28.87% year-on-year, reaching 17.2 billion USD and accounting for 51.26% of the yearly plan. Cargo throughput at ports reached 75.7 million tonnes, reflecting a 9.03% annual increase.

The number of tourists visiting the city exceeded 4.27 million, up 16.25% year on year.

Economy

Vietnam's potential promoted to Mexican businesses
Economy

Vietnam's potential promoted to Mexican businesses

A delegation from the Vietnamese Embassy in Mexico led by Ambassador-Designate Nguyen Van Hai has paid a working trip to Guanajuato state to explore opportunities for cooperation between Vietnam and Mexico, as well as between Vietnamese localities and Guanajuato. ​

Localities report progresses in IUU fishing combat
Economy

Localities report progresses in IUU fishing combat

Coastal localities nationwide have implemented practical and effective activities and specific measures, demonstrating their determination to join the nation’s efforts to have the “yellow card” that the European Commission (EC) has imposed on Vietnamese seafood regarding illegal, unreported, and unregulated (IUU) fishing lifted in 2024.

Da Nang Hi-Tech Park attracts 177-million-USD FDI project
Economy

Da Nang Hi-Tech Park attracts 177-million-USD FDI project

The Da Nang Hi-Tech Park continues to strengthen its position as a leading investment hub with the recent in-principle approval of a 177-million-USD project by Dentium Co., Ltd., from the Republic of Korea (RoK).This significant investment brings the total registered foreign direct investment (FDI) in the park to 875.2 million USD, spanning 13 projects.

UNGA President congratulates Vietnam on re-election to UNCITRAL
Economy

UNGA President congratulates Vietnam on re-election to UNCITRAL

Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the United Nations (UN), had a meeting in New York on November 21 with President of the 79th session of the UN General Assembly (UNGA) Philemon Yang who congratulated Vietnam on the country’s re-election to the UN Commission on International Trade Law (UNCITRAL) for the 2025-2031 term.