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Thursday, July 25, 2024

Haiphong leads centrally-governed cities in economic growth

The Saigon Times

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HCMC – The northern city of Haiphong has maintained stable economic growth in the first half of this year, ranking 5th nationwide, 2nd in the Red River Delta region, and leading among the nation’s centrally-governed cities.

The information was given by Le Anh Quan, permanent vice chairman of the Haiphong City People’s Committee, at a meeting held on July 3.

Several sectors achieved double-digit growth, including industrial production, cargo throughput, investment capital, and budget revenue. Tourism and services rebounded strongly.

Between January and June, the city’s gross regional domestic product (GRDP) grew by 10.32%, with state budget revenue increasing by 34.77%. Fresh foreign investment approvals during the period surpassed US$1.55 billion, reaching nearly 80% of the full-year target.

In the second half of 2024, the city plans to bolster the investment climate and accelerate economic growth. Key efforts include refining the master plan for the Dinh Vu-Cat Hai Economic Zone, a major development project slated for approval this year.

The city is also focusing on establishing a new coastal economic zone in the south, creating additional industrial zones, and fast-tracking key projects such as port upgrades and housing developments.

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