Hanoi targets GRDP growth of 8% this year

4:56 PM, Tue July 08, 2025

Vice Chairman of the Hanoi People's Committee Truong Viet Dung on July 8 presented a summary report on leadership, governance, and socio‑economic results for the first half of the year, as well as key tasks and solutions for the second half of 2025 at the 25th session, the regular mid‑2025 meeting, of the Hanoi People's Council for the 2021–2026 term,

Vice Chairman Truong Viet Dung stated that amid global and regional instability, Hanoi has demonstrated resolve, proactivity, and innovation in leadership and governance.

He said the city is guided by General Secretary To Lam's vision of "new global perspective, capital mindset, and Hanoi action." Based on this direction, the municipal government has implemented directives from the Party Central Committee, National Assembly, Government, Hanoi Party Committee, and People’s Council. It has focused on breakthrough solutions to achieve at least 8% Gross Regional Domestic Product growth, promote the private sector, and integrate science, technology, and innovation to serve residents and businesses.

Hanoi targets GRDP growth of 8% this year- Ảnh 1.

Vice Chairman of the Hanoi People's Committee Truong Viet Dung. 

In the first half of 2025, Hanoi prioritized the implementation of the revised Capital Law to roll out special policy mechanisms. The city promptly issued action programs and accelerated administrative reforms with a sense of urgency, initiative, and innovation.

Officials advanced comprehensive digital transformation efforts and continued building toward a smart city. Key infrastructure projects were fast-tracked through “green lane” procedures, allowing for quicker approvals and more efficient execution.

Truong Viet Dung highlighted the successful administrative overhaul under the two‑tier governance model: by July 8, 2025—within eight days—the 126 newly organized wards and communes operated smoothly without interruptions to administrative services. All new localities adopted fully signed digital documents and configured more than 84,000 digital procedures to ensure effective services for residents and businesses.

The city achieved impressive results in the first half of 2025. Gross Regional Domestic Product rose by 7.63 percent, outpacing the national average of 7.52 percent and exceeding the same period in 2024 (6.13 percent) and target scenarios (7.59 percent). Growth increased from 7.56 percent in Q1 to 7.69 percent in Q2, with forecasts of 8.18 percent in Q3 and 8.53 percent in Q4, setting the stage to meet the 8 percent annual goal.

Sales and services revenue in Hanoi reached VND 455.1 trillion (approximately US$19.8 billion) in the first half of 2025, up 12.1 percent year-on-year—outpacing the national growth rate.

Local budget revenue totaled VND 392.2 trillion (US$17.05 billion), equivalent to 77.6 percent of the annual target and a 51.4 percent increase from the same period last year. Local expenditure stood at VND 67 trillion (around US$2.91 billion), or 40.3 percent of the year’s projection, up 50.6 percent year-on-year.

The service sector accounted for 68.6 percent of economic output, followed by industry and construction at 19.4 percent, and agriculture, forestry, and fisheries at 2.1 percent.

The consumer price index in Hanoi rose 3.2 percent in the first half of 2025, remaining below the national average of 3.8 percent.

The city welcomed 3.6 million visitors, a 22.1 percent increase year-on-year, including 2.636 million international arrivals, up 23.6 percent—surpassing the national tourism growth rate of 23.8 percent.

Exports totaled nearly US$10 billion, rising 12.5 percent, while imports reached US$22.3 billion, up 14.3 percent. Foreign direct investment inflows surged 216 percent year-on-year to US$3.67 billion, exceeding annual targets.

Total development investment reached VND 223.5 trillion, accounting for 14 percent of the national figure.

During the same period, Hanoi registered 15,681 new businesses, a 0.5 percent increase, with VND 162.1 trillion in total registered capital, up 13 percent. The city also saw 5,941 businesses resume operations, a 4 percent rise.

Hanoi targets GRDP growth of 8% this year- Ảnh 2.

Overview of the 25th session. 

Key urban development milestones included approval of 83 urban planning projects and four architectural regulations, along with completion of four new projects—covering underground space, the Red River and Duong River precincts, and new parking zones—shaping a modern, multi‑centered city.

Vice Chairman Truong Viet Dung noted that urbanization reached 52.5 percent (+1.2 percent), with 19 residential projects comprising 21,648 units and a social housing development in the Phap Van–Tu Hiep new urban area. Infrastructure projects received accelerated approval through "green lanes," such as the construction of Tu Lien Bridge beginning on May 19, 2025; Tran Hung Dao, Ngoc Hoi, Van Phuc, and Thuong Cat bridges are scheduled to start by September 2, 2025.

The city also recognized 72 additional science and technology enterprises, bringing the total to 187. Cultural and social programs served residents well. Hanoi maintained national leadership in education, vocational training, and social welfare, while controlling disease outbreaks.

Looking forward to the second half of 2025, Vice Chairman Truong Viet Dung emphasized priority tasks to meet the 8 percent GRDP growth target: stimulate domestic consumption, boost industrial output, support private sector expansion, improve investment climate, deploy high‑tech agriculture, and fully disburse public investment funds.

The city will also advance science, technology, and innovation, implementing Resolution 57—digitizing medical records in all public hospitals by Q3 2025, expanding digital literacy programs to 80 percent of urban households, integrating 1,917 administrative services, establishing 4,400 commune/ward accounts and 13,000 user accounts for genuine data connection, and supporting 50 innovation startups in Hoa Lac High‑Tech Park to attract an additional US$500 million in high‑tech foreign investment.

The city will build a sustainable, modern urban landscape integrated with rural areas by Q3 2025, completing four new infrastructure plans. It will accelerate the Ring Road 4 project—aiming to disburse 50 percent of its budget—and advance urban rail lines 2, 5, and 6, along with major bridges across the Red River (Hong Ha, Me So, Thuong Cat, Ngoc Hoi, Tran Hung Dao, and Van Phuc).

Hanoi will also address dust, wastewater, and solid waste pollution to create a healthier environment. The Yen Xa treatment plant will begin operation in Q3 2025, while wastewater projects in Viet Hung and Nam An Khanh will be expedited. The city will initiate restoration projects for the To Lich, Lu, and Set rivers, aiming to reduce pollution by 50 percent by year's end.

Together with central ministries and agencies, Hanoi will host major commemorations of the 80th anniversary of the August Revolution and September 2 National Day. The city will continue preparations for Party congresses at all levels, operate the two‑tier governance model efficiently, and ensure seamless service delivery to residents and businesses. Public satisfaction will serve as the measure of the new governance model's success.

"Guided by solidarity, accountability, and determination, the People's Committee pledges to cooperate closely with the People's Council, the Vietnam Fatherland Front, and member organizations to fully achieve all targets, especially the 8 percent growth goal. Hanoi will continue to lead with courage, building a modern, civilized capital worthy of its national role," Vice Chairman Truong Viet Dung affirmed.

Hanoi chairman Vu Dai Thang orders land clearance completion by Q2, 2026

17:16 19/04/2026

On April 19, Party Central Committee Member, Vice Secretary of the Hanoi Party Committee and Chairman of the Hanoi People's Committee Vu Dai Thang, along with a city delegation, conducted an on-site inspection of the progress of the project to upgrade and expand Road 70 and the project to renovate and expand National Highway 21B.

Most views
Same category
Find by date
Hanoi welcomes South Korea's Lotte Group to deepen urban development cooperation
Hanoi welcomes South Korea's Lotte Group to deepen urban development cooperation
Vu Dai Thang, Member of the Party Central Committee, Deputy Secretary of the Hanoi Party Committee, and Chairman of the Hanoi People's Committee, on April 22, received Shin Dong Bin, Chairman of Lotte Group, during a courtesy visit and discussion on issues of mutual interest.
18:29 22/04/2026
Hanoi targets bottlenecks to fast-track key projects
Hanoi targets bottlenecks to fast-track key projects
Politburo Member, Secretary of the Hanoi Party Committee and Head of the Hanoi National Assembly Delegation Tran Duc Thang on the afternoon of April 19 chaired a working session on the progress of major flood prevention and drainage projects and key transport projects across Hanoi.
18:24 19/04/2026
Binh Da festival 2026 opens with impressive ceremony
Binh Da festival 2026 opens with impressive ceremony
The Party Committee, the People's Council, the People's Committee, and the Vietnam Fatherland Front Committee of Binh Minh Commune on the evening of April 19 solemnly held the opening ceremony of the 2026 Binh Da Festival, Spring of the Binh Ngo Year at Dinh Noi in Binh Da, Binh Minh Commune. The festival officially runs from April 19 to 22, 2026, corresponding to the 3rd through the 6th days of the third lunar month of the Binh Ngo Year 2026.
18:24 19/04/2026
Hanoi Party Chief Tran Duc Thang continues on-site inspections of key capital projects
Hanoi Party Chief Tran Duc Thang continues on-site inspections of key capital projects
Politburo Member, Secretary of the Hanoi Party Committee and Head of the Hanoi National Assembly Delegation Tran Duc Thang on the afternoon of April 19 continued his on-site inspections of major infrastructure projects in the capital, including the Me So Bridge-Component Project 3 of the Ring Road 4 – Hanoi Capital Region Investment Project; the Ngoc Hoi Bridge and its approach roads; and the Ring Road 2.5 project.
17:55 19/04/2026
Hanoi Party Secretary urges progress on key projects, better living standards
Hanoi Party Secretary urges progress on key projects, better living standards
Politburo Member, Secretary of the Hanoi Party Committee and Head of the Hanoi National Assembly Delegation Tran Duc Thang inspected several key projects in Hanoi on April 18, including Ring Road 1 (Hoang Cau–Voi Phuc section), a drainage route linking DT4 Road in the Tay Ho Tay urban area to Hoang Quoc Viet Street, Yen Nghia 1 regulating lake, and La Khe Canal.
22:39 18/04/2026
Hanoi’s new growth model targets double-digit expansion, aims to become a global city
Hanoi’s new growth model targets double-digit expansion, aims to become a global city
Vu Dai Thang, Member of the Party Central Committee, Deputy Secretary of the Hanoi Party Committee, and Chairman of the Hanoi People’s Committee, on the morning of April 17, chaired the city’s regular April 2026 meeting to review several items under its authority.
18:40 17/04/2026
Other news
Hanoi issues investment regulations for Hanoi Venture Capital Fund
Hanoi issues investment regulations for Hanoi Venture Capital Fund
Vice Chairman of the Hanoi People's Committee Truong Viet Dung has signed Decision No. 2147/QD-UBND, dated April 22, 2026, promulgating the investment regulations for the Hanoi Venture Capital Fund.
18:31 22/04/2026
Hanoi launches 3rd contest to seek ideas and solutions for administrative reform
Hanoi launches 3rd contest to seek ideas and solutions for administrative reform
Vice Chairman of the Hanoi People's Committee Truong Viet Dung has signed and issued Plan No. 165/KH-UBND, dated April 21, 2026, on organizing the third contest to seek ideas and solutions for administrative reform across Hanoi in 2026.
18:26 21/04/2026
Hanoi sets plan for One Commune One Product program in 2026
Hanoi sets plan for One Commune One Product program in 2026
Vice Chairman of the Hanoi People's Committee Nguyen Xuan Luu has signed and issued Plan No. 163/KH-UBND, dated April 21, 2026, on the implementation of the One Commune One Product Program, or OCOP Program, in Hanoi in 2026.
18:25 21/04/2026
Hanoi promotes development of rural industries
Hanoi promotes development of rural industries
Vice Chairman of the Hanoi People’s Committee Nguyen Xuan Luu has signed and issued Plan No. 161/KH-UBND dated April 20, 2026, on the development of rural industries in Hanoi in 2026.
17:54 20/04/2026
Hanoi chairman Vu Dai Thang orders land clearance completion by Q2, 2026
Hanoi chairman Vu Dai Thang orders land clearance completion by Q2, 2026
On April 19, Party Central Committee Member, Vice Secretary of the Hanoi Party Committee and Chairman of the Hanoi People's Committee Vu Dai Thang, along with a city delegation, conducted an on-site inspection of the progress of the project to upgrade and expand Road 70 and the project to renovate and expand National Highway 21B.
17:16 19/04/2026
Hanoi rolls out models to ensure food safety
Hanoi rolls out models to ensure food safety
Vice Chairwoman of the Hanoi People's Committee Vu Thu Ha has signed and issued Official Dispatch No. 1628/UBND-KGVX, dated April 18, 2026, on implementing food safety assurance models across the city.
17:55 18/04/2026
Hanoi leads in deep dialogue creating momentum for SME development nationwide
Hanoi leads in deep dialogue creating momentum for SME development nationwide
The 2026 dialogue conference with small and medium sized enterprises in Hanoi is a highly meaningful event, demonstrating a practical, specific and effective approach in supporting businesses, contributing to the implementation of Resolution 68 of the Politburo on private sector development.
23:04 16/04/2026
Hanoi Chairman Vu Dai Thang engages SMEs in dialogue to boost growth
Hanoi Chairman Vu Dai Thang engages SMEs in dialogue to boost growth
On April 16, Party Central Committee member, Vice Secretary of the Hanoi Party Committee and Chairman of the Hanoi People's Committee Vu Dai Thang chaired a dialogue conference with small and medium sized enterprises across the city in 2026.
23:02 16/04/2026