Hai Phong targets annual growth of 14.5 percent for next five years
The 16th Party Congress of northern Hai Phong city for the 2020-2025 tenure wrapped up on October 15 afternoon, issuing a resolution that targets an average growth rate of 14.5 percent annually for the period.
Secretary of the Hai Phong Party Committee Le Van Thanh addresses the closing session of the 16th municipal Party Congress on October 15 (Photo: VNA)
Hai Phong (VNA) – The 16th Party Congress ofnorthern Hai Phong city for the 2020-2025 tenure wrapped up on October 15afternoon, issuing a resolution that targets an average growth rate of 14.5percent annually for the period.
In the congress’s resolution, Hai Phong expectsthat by 2025, its gross regional domestic product (GRDP) will account for 6.4percent of Vietnam’s gross domestic product, and per capita GRDP will reach11,800 USD.
It also aims for an annual increase of 21.5percent in the industrial production index, 145 trillion VND (over 6 billionUSD) in State budget revenue, 20 million tourist arrivals, all communesbasically meeting criteria of a model new-style rural area, and no localhouseholds living under the national poverty line by 2025.
Delivering the event’s closing speech, there-elected Secretary of the municipal Party Committee Le Van Thanh said HaiPhong looks to complete industrialisation and modernisation and become amodernity-oriented industrialised city, a key locality of sea-based economicactivities in the country, and an international tourism centre in the next fiveyears.
The city is working towards better material andspiritual lives for local residents, ensured social order and safety,guaranteed defence and security, along with a clean, strong, lean and efficientParty organisation and political system, thus creating a solid foundation forit to become a modern, smart and sustainable industrialised city on a par withcounterparts in Southeast Asia by 2030, he noted.
The congress elected a 53-member municipal PartyCommittee for 2020-2025, along with 23 official delegates and two alternateones representing the city at the 13th National Party Congress, slated forearly 2021./.
COVID-19 control, economic performance, and the safeguarding of Vietnam’s sovereignty were among the issues Prime Minister Nguyen Xuan Phuc highlighted during a meeting with voters in the northern port city of Hai Phong on October 13.
The 16th Party Congress of the northern port city of Hai Phong for the 2020-2025 tenure kicked off on October 14 with the participation of 350 official delegates.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Secretary of the Hai Phong Party Committee Le Van Thanh addresses the closing session of the 16th municipal Party Congress on October 15 (Photo: VNA) 
