6 'leverages' for 12.5% ​​growth

TPO - In 2025, Hai Phong City held a meeting and directed departments and localities to develop growth scenarios for each quarter and month, focusing on six groups of solutions to achieve the economic growth target of 12.5% ​​this year as planned.

TPO - In 2025, Hai Phong City held a meeting and directed departments and localities to develop growth scenarios for each quarter and month, focusing on six groups of solutions to achieve the economic growth target of 12.5% ​​this year as planned.

Mr. Nguyen Ngoc Tu, Director of the Department of Planning and Investment (DPI) of Hai Phong, said that the central government has assigned Hai Phong a growth target of 12.5% ​​in 2025, equivalent to the city's planned growth target. This growth rate ranks third nationwide, after Bac Giang (13.6%) and Ninh Thuan (13%).

The city has also set several high targets for 2025, such as: Gross Regional Domestic Product (GRDP) per capita reaching nearly US$9,500; attracting US$4.5 billion in foreign direct investment (FDI); achieving VND 118,000 billion in budget revenue; and reaching US$37 billion in export turnover.

To achieve these goals, Hai Phong has held meetings and directed departments and units to develop growth scenarios for each month and quarter. The city has identified six key areas of focus for solutions. Specifically, it will concentrate on developing policies and mechanisms, completing the draft resolution on piloting certain special mechanisms, and striving to submit it to the National Assembly in the second quarter; and completing the project and submitting it to the competent authority for approval to establish a new generation free trade zone in 2025.

Mr. Nguyen Ngoc Tu, Director of the Department of Planning and Investment of Hai Phong, discussed six key solutions for 2025 to achieve the economic growth target of 12.5%.

Accelerating innovation in the growth model and restructuring the economy towards development based on three pillars: high-tech industry, seaports and logistics, and tourism and trade. According to calculations by specialized agencies, to achieve the 12.5% ​​growth target, Hai Phong needs approximately 240,000 - 250,000 billion VND in investment capital.

The Department of Planning and Investment has proactively developed a list of planned investment projects to focus on monitoring and urging their implementation. The goal is to disburse at least 95% of the allocated capital, with a focus on important infrastructure projects that play a connecting role and create momentum for economic development.

Some key public investment projects include: projects in the area north of the Cấm River; the Ring Road 2 project; the construction of the eastern bypass road in Hải An district; Provincial Road 354 from Tiên Lãng district to National Highway 10 and Vĩnh Bảo district; and the Nam Đình Vũ sea dike.

The city is also in the process of implementing several major infrastructure projects such as: the road connecting the North Cam River urban area to the Vsip industrial park and Vu Yen island; the Bui Vien - Le Hong Phong intersection; and the construction of the Bui Vien - Vo Nguyen Giap intersection…

Hai Phong is focusing on implementing public investment projects and urban infrastructure projects to create momentum for economic development. In the photo: The Political-Administrative Center in the North Cam River Urban Area (Quoc Nam).

A large portion of the actual investment capital will have to be mobilized from non-budgetary sources such as: domestic enterprise capital, foreign investment capital, capital from the people, etc.

Notably, the city will focus on accelerating the implementation of large-scale projects with a ripple effect, promoting economic development. Typical examples include industrial park projects that have recently received investment approval: Nomura Industrial Park Phase 2, Trang Due 3 Industrial Park, Nam Trang Cat Industrial Park, and Vinh Quang Industrial Park Phase 1.

Some typical urban, housing, social housing, tourism, and commercial service projects include: Trang Cat Urban and Service Area (70,000 billion VND); Vu Yen Island Project (55,000 billion VND); New Urban Area in Duong Kinh District and Kien Thuy District (23.2 billion VND); Urban Area along the extended Do Muoi Road (10,000 billion VND); Cat Ba Central Bay Tourism and Commercial Service Area Project (12,500 billion VND)...

The city is also implementing comprehensive solutions and working alongside FDI enterprises in production and business, creating products for economic growth while nurturing revenue sources for the city.

In January, Hai Phong achieved total budget revenue of over 13,500 billion VND, an increase of 21.8% compared to the same period last year, reaching 11.6% of the projected target. Of this, domestic revenue reached 7,700 billion VND, and import-export revenue reached 5,100 billion VND.

The volume of goods handled through the port is estimated at 13.1 million tons, an increase of 12.3% compared to the same period in 2024, reaching 6.2% of the annual forecast. The industrial production index increased by 15.16% compared to the same period in 2024.

In the first month of the year, approximately 516,000 tourists visited Hai Phong for sightseeing and tourism, an increase of 2%, reaching 5.16% of the 2025 plan; attracting FDI reached 150 million USD; and disbursing public investment capital reached 20,700 billion VND.

Nguyen Hoan

Source: https://tienphong.vn/hai-phong-6-don-bay-tang-truong-125-post1716854.tpo