Hanoi announces state economic development plan for 2026 and vision through 2030

6:16 PM, Tue May 05, 2026

Chairman of the Hanoi People's Committee Vu Dai Thang signed Plan No. 183/KH-UBND, dated May 5, 2026, to implement Action Program No. 09-CTr/TU, issued on March 17, 2026, by the Standing Committee of the Hanoi Party Committee. The program carries out Politburo Resolution No. 79-NQ/TW, dated January 6, 2026, on state economic development in 2026 and orientations through 2030.

Under the plan, Hanoi identified eight key groups of tasks and solutions linked to the core pillars of the state economy.

In institutional reform and governance, the city aims to largely complete all projects and plans related to reviewing and restructuring state resources. Hanoi will improve the quality of its workforce, especially leaders, managers, and experts within state economic agencies and organizations. The city will also effectively implement policies and measures to turn digital resources and data into strategic assets.

For the land and natural resources pillar, Hanoi targets land-related budget revenue of around VND800 trillion (US$30.8 billion) during the 2026-2030 period. The city plans to complete land measurement, statistical reviews, digitization, and data cleansing, while connecting and integrating the system with other national databases.

Hanoi will shift from managing land based on "area quotas" to management based on "land-use efficiency," applying KPIs for each area. Land exploitation will be tied to high-value industries, with priority given to high technology, research and development, finance and trade, education, and high-quality healthcare. The city will also diversify revenue sources through long-term land leasing, auctions of land development rights, and exploitation of underground, surface, and low-altitude space.

Regarding public assets and infrastructure, Hanoi will create digital maps integrated with spatial data and management information for all public assets. The city will develop a comprehensive asset exploitation project to improve the management and operation of road transport and urban railway infrastructure.

Authorities will encourage broader adoption of public-private partnership models, including "public investment-private management," "private investment-public use," and other PPP forms. Hanoi will also strengthen coordination with ministries and central agencies to improve the management and use of socio-economic infrastructure, such as universities, research institutes, and hospitals.

In state budget management and off-budget state financial funds, the city plans to diversify budget mobilization channels. Hanoi aims to raise around VND3.695 quadrillion (US$142.3 billion) in budget revenue during 2026-2030, equivalent to about 32.3% of GRDP, while increasing development investment spending to around 51.7% of total budget expenditure.

The city will complete revenue and expenditure decentralization reforms, reinforcing the leading role of the municipal budget while increasing financial autonomy for commune- and ward-level budgets.

Public investment capital allocation will be focused and non-scattered, prioritizing areas where the private sector lacks sufficient resources or willingness to participate. Hanoi will concentrate investment on breakthrough socio-economic development projects with broad spillover and leading effects. Investments must also be evaluated based on both social and economic efficiency.

For state-owned enterprises, Hanoi plans restructuring toward the formation of large corporations and conglomerates capable of regional competition, while improving governance efficiency and accelerating digital and green transformation.

The city targets average annual growth of 12% in revenue, profits, and labor productivity, while completing enterprise restructuring during the 2026-2030 period.

In state credit and banking, Hanoi aims for non-cash payments to account for more than 95% of transactions in the public sector by 2030. All essential public services will integrate electronic payment methods linked with banks.

The city also plans to expand access to digital financial services for residents and businesses, accelerate digital transformation, and promote modern banking services, while directing credit institutions to expand non-cash payment systems and digital banking.

For public service units, Hanoi will focus on streamlining organizational structures, reforming financial mechanisms, and increasing autonomy, while encouraging public-private cooperation in public service delivery to ensure service quality for residents.

The Hanoi People's Committee also requested local authorities to improve the management and use of state economic resources in their areas, particularly land, budget funds, and public assets, contributing to the Capital’s socio-economic development goals.

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15:18 21/05/2026

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