At the end-of-year session of the 10th term (2021-2026) of the Da Nang City People's Council in 2025, the leaders of the Da Nang City People's Committee proposed a scenario for economic growth in 2026 reaching 11% or higher.
Specifically, according to the Standing Vice Chairman of the Da Nang City People's Committee, Ho Ky Minh, 2026 is a pivotal year for implementing the major orientations of the term, while many new mechanisms and policies following the merger and reorganization of the two-tiered local government model are in the process of being finalized and put into operation. Therefore, choosing a suitable scenario will give the city room for flexible management, avoiding risks that could put pressure on capital supply and demand, prices, labor, and socio-technical infrastructure. Thus, the city proposes a scenario where the GRDP growth rate at constant prices in 2026 is estimated to reach 11% or higher.
Mr. Ho Ky Minh believes that setting a reasonable growth target will create conditions for macroeconomic stability, ensure the overall balance of the economy, and maintain the confidence of investors and the business community.
According to the proposed scenario, the value added of the service sector is projected to increase by approximately 11.5-12.5%, continuing to play a leading role; the industrial and construction sector is projected to increase by approximately 12.5-13.5% (of which industry will increase by 10.5-11.5%, and construction by 19-20%); and the agriculture, forestry, and fisheries sector is projected to increase by approximately 3-3.5%.
The projected GRDP (at current prices) for Da Nang City in 2026 is estimated at over 367,000 billion VND. GDP per capita is expected to be around 4,900-5,000 USD/person. Total implemented investment (at current prices) is estimated at approximately 106,000 billion VND, equivalent to 26-27% of GRDP.
According to the economic growth scenario for 2026, some socio-economic targets for 2026 include: estimated increase of 10% in state budget revenue; a 9-10% increase in the industrial production index (IIP) compared to 2025; an expected increase of 11-12% in merchandise exports compared to 2025; and an expected increase of 7-8% in merchandise imports compared to 2025...
The Standing Vice Chairman of the Da Nang City People's Committee also stated that in 2025, in implementing the policy of merging administrative boundaries and deploying a two-tiered local government model, the city government has focused intensely on managing and directing agencies, units, and localities to effectively carry out assigned tasks according to plan and ensure the smooth operation of the local administrative apparatus in the new phase.
Up to now, the city's key economic sectors have maintained positive growth momentum, people's lives are stable, social security is guaranteed, administrative reform and digital transformation continue to be promoted, contributing to ensuring the proposed growth scenario.
During the session, delegates of the Da Nang City People's Council unanimously agreed on the achievements for 2025. Despite facing common difficulties and challenges, with decisive leadership and the involvement of the entire political system, businesses, and the people, the city's economy in 2025 achieved many positive results in various fields. The estimated size of the economy reached VND 316,057 billion, with an estimated GRDP growth rate of 9.18%. The economic structure continued to shift positively towards services-industry-agriculture, in line with the development orientation.
Many delegates also commented that achieving a GRDP growth rate of 11% or higher in 2026 requires more fundamental and decisive solutions. Specifically, in the economic and budgetary field, delegates proposed continuing to improve the investment environment, resolving obstacles following inspections, and creating favorable conditions for small and medium-sized enterprises.
Attracting strategic investors, especially in the financial, high-tech, and FDI sectors, is considered a key factor in creating sustainable growth; this is coupled with the task of preparing clean land and infrastructure for the International Financial Center and the Free Trade Zone.
Source: https://www.vietnamplus.vn/da-nang-dat-muc-tieu-tang-truong-tren-11-trong-nam-2026-post1082437.vnp
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