Ha Noi sets 11% GRDP growth target for 2026
VGP – The Ha Noi People’s Council approved the Resolution on the 2026 Socio-economic Development Plan at its 28th session, setting a Gross Regional Domestic Product (GRDP) growth target of 11 percent for 2026 on November 25.
Further expansion along five strategic axes
The resolution sets 26 key targets for 2026, including GRDP growth of 11 percent and GRDP per capita of VND 198 million (US$7,900). Implemented investment is projected to reach VND 730 trillion (US$29 billion), while export turnover is expected to increase by 12 percent. The consumer price index will be kept below 4.5 percent.
Key transport and urban development projects must remain on schedule, including Urban Rail Line 2.1 (Nam Thang Long–Tran Hung Dao), Line 5 (Van Cao–Hoa Lac), land clearance for the Lao Cai–Ha Noi–Hai Phong high-speed railway, Ring Road 4 of the Capital Region, and three new Red River bridges—Tu Lien, Thuong Cat and Tran Hung Dao. The city will also break ground on the Red River Landscape Boulevard project.
Ha Noi will establish a low-emission zone within Ring Road 1. Measures under consideration include additional administrative penalties for traffic violations inside the zone, updating registration and inspection data for clean and green energy vehicles, and introducing new regulations on license plate background colors for such vehicles. Technology will be deployed to identify vehicles by license plate for enforcement.
Alongside infrastructure development, the service sector—accounting for 66 percent of GRDP—will continue to be promoted, in tandem with the expansion of trade, tourism, and finance-banking; the development of a national e-commerce platform; and the application of blockchain and QR-code technologies in logistics and traceability.
The private sector is identified as a key driver of growth, with a focus on developing large domestic corporations and supporting small, micro, and household businesses in transitioning their operating models.
Ha Noi will further strengthen its science and technology infrastructure, innovation ecosystem, and digital transformation. Key initiatives include developing the Hoa Lac science and technology urban area, promoting an IP-based economy, and supporting the growth of the video game industry.
The city will complete its digital infrastructure through an integrated data platform and will establish two new science and technology parks, with potential for future expansion. Social welfare, labor standards, digital health records, labor market modernization, and the 2026–2030 sustainable poverty reduction program will also be prioritized.
Regarding urban development, Ha Noi will adjust the urban railway plan, advance Ring Road 4 and Red River bridge projects, meet its social housing targets, and upgrade public-space infrastructure. The city will also finalize its cadastral database, optimize land use near Ring Road 4 and within transit-oriented development areas, improve air quality, and address major challenges related to traffic, flooding, pollution, food safety, urban order, and the rehabilitation of four inner-city rivers.
Fullfilling 23 out of of 24 development targets
Vice Chairman of the Ha Noi People's Committee Nguyen Xuan Luu reported that the city's socio-economic momentum continues to strengthen, fulfilling the overall objectives and achieving 23 out of 24 planned targets for 2025.
Ha Noi's GRDP growth improved quarter by quarter, with full-year growth estimated at 8.5 percent. The GRDP scale reached US$63.5 billion, accounting for about 12.5 percent of national GDP.
Social and cultural sectors also saw positive progress. A series of cultural and sports activities were held to celebrate National Day and the anniversary of the August Revolution. The education sector performed strongly, with the high school graduation rate reaching 99.75 percent—the second highest nationwide. Social welfare continued to improve, with health insurance coverage rising to 95.95 percent, exceeding the target.
The city prioritized infrastructure development and made substantial progress on key projects. Ten projects were launched in celebration of National Day, while eight others began in commemoration of the Liberation of the Capital. An additional eight projects are scheduled to begin on December 19, 2025.
Administrative reform and digital transformation also advanced, reducing the processing time for administrative procedures, especially those related to public investment.
National defense and security were maintained, ensuring social order. International cooperation expanded, with FDI inflows estimated at over US$4.1 billion. Export turnover reached US$21.4 billion, an increase of 11.6 percent. However, social investment capital did not meet the target, mainly due to delays in projects requiring land./.
