Ha Noi sets key targets by year-end
VGP – Ha Noi will focus on implementing several key tasks to boost growth, including prioritizing the semiconductor, electronics, design, and processing industries; attracting strategic investors to the Hoa Lac High-tech park; and commencing construction on four major bridges across the rivers.
Ha Noi will focus on implementing several key tasks to boost growth
At the online conference between the Government and localities on the 2025 economic growth scenario, tasks, and solutions to achieve the 2025 growth target (held on July 16), Prime Minister Pham Minh Chinh emphasized: Regarding the GDP growth target, the Central Committee, the National Assembly, and the Government have determined that this year's growth must reach 8 percent or higher. With recent efforts, the economic growth rate has climbed to 7.25 percent in the first half of the year.
At the conference, the Government set a specific target for national economic growth in 2025 at approximately 8.3–8.5 percent, aiming to build momentum, strengthen confidence, generate enthusiasm, and lay a solid foundation for achieving double-digit growth in the following years.
Key measures to boost economic growth
Right from the beginning of 2025, the GRDP growth target was set above 8 percent as a "central political task." Ha Noi has been implementing a comprehensive set of solutions across all socio-economic sectors, with effective execution as the key priority.
The socio-economic performance in the first half of the year has recorded many positive results. The city's GRDP grew by 7.63 percent, higher than the same period last year (6.13 percent) and above the national average (7.52 percent), while maintaining major economic balances.
The investment market has also improved, with foreign direct investment (FDI) reaching nearly US$3.7 billion. Tourist arrivals to the capital surged, with international visitors increasing by 22.1 percent compared to the same period in 2024.
The city has focused on resolving obstacles in planning, investment, construction, and land management. The progress of key projects has accelerated, notably the Tu Lien Bridge project, with a total investment of nearly VND20.2 trillion, along with several major roadworks and wastewater projects whose disbursement has been sped up.
At the 21st Session (special session), the City reached consensus on the procedures and steps for approving the investment policy of the Tu Lien Bridge construction, the connecting roads at both ends, as well as the Tran Hung Dao Bridge project, in accordance with the provisions of the Law on Public Investment No. 58/2024/QH15.
The Tu Lien Bridge is planned as a key project to connect the Viet Nam Exhibition Fair Center with the route from Gia Binh Airport (Bac Ninh Province) to the center of Ha Noi. It is expected to contribute significantly to the socio-economic development of the capital.
In a report delivered at the Government's online conference, Chairman of the Hanoi People's Committee Tran Sy Thanh stated that the city will continue focusing on implementing several key tasks to boost economic growth.
It is expected that this September, the city will break ground on the Biotech High-Tech Industrial Park in Bac Thuong Tin, aiming to promote the development of bioproduct research and attract investors in this field.
The city also aims to attract strategic investors to the Hoa Lac High-tech Park, with a goal of drawing roughly 10 major projects with a total registered capital of VND100 trillion. At the same time, it will establish a training network linking universities, technology institutions, and high-tech manufacturing enterprises – such as FPT University – with the aim of enhancing efficiency and creating high-quality jobs. Selected enterprises are also planning to develop a Digital Industrial Park in West Ha Noi.
Focusing on key projects
Regarding transportation infrastructure, the city is determined to focus on constructing Ring Road No. 4, with the elevated section expecting to have investors selected by early August.
In terms of bridges, Tu Lien Bridge has already begun construction, while other projects have been registered and are expected to break ground this year. Thus, in 2025 Ha Noi is set to start construction of nearly four major bridges.
Meanwhile, for the urban railway, Line 3 has reached nearly 50 percent completion, with other projects expected to begin construction this year.
On consumption and exports, the city is focusing on increasing retail revenue in the fourth quarter, while at the same time supporting private businesses in need of investment loans.
Regarding public investment, Ha Noi is aiming to achieve a 100 percent disbursement rate for 282 industrial projects, including 85 transport projects and four environmental projects.
In an effort to further the circular and night-time economy, the city will introduce night tourism activity points in selected locations, featuring culinary streets and cultural spaces.
With digital economy identified as a key breakthrough, the city aims to launch a comprehensive digitalization movement to further accelerate the capital's development./.
