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.

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Hanoi has successfully restructured its local administrative units under the two-tier governance model, establishing 126 streamlined communes and wards to enhance administrative efficiency and unlock new development opportunities.

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