In the first six months of 2026, Hanoi's socio-economic development continued to record many positive results, maintaining stable growth and gradually forming new development foundations. Despite simultaneously implementing many key tasks related to organizational restructuring, institutional improvement, and investment promotion, the capital's GRDP still increased by 8.22%, higher than the national average. Many economic indicators achieved positive results. Total social investment reached approximately VND 254.5 trillion, an increase of 14.1% compared to the same period last year. State budget revenue in the area exceeded VND 404 trillion, completing more than 62% of the annual forecast. Public investment continued to be a bright spot with disbursed value exceeding VND 63 trillion, more than double compared to the same period in 2025. Production and business activities also maintained a positive recovery momentum with nearly 19,000 newly established businesses, and total registered capital increased by 145%. The trade, service, consumer, and tourism sectors continued to grow, while administrative reform and digital transformation were accelerated. The city restructured more than 87% of internal administrative procedures, contributing to significantly reducing the time and cost for citizens and businesses.

Entering the last six months of the year, Hanoi continues to maintain its GRDP growth target of 11% and identifies this as a key task. According to the operational plan, the city will focus on translating all investment preparation results from the first half of the year into actual projects, works, and production capacity to create new growth momentum.A series of large-scale projects will be simultaneously implemented, such as the Olympic Sports City, multi-functional urban areas, the expansion project of National Highway 1, urban areas developed according to the TOD model, along with more than 60 social housing projects that have basically completed planning and investment preparation. This is expected to boost the construction, materials, finance, trade, and many related service sectors, while contributing to stabilizing the real estate market and creating more jobs.

In addition, Hanoi will accelerate the progress of urban railway lines, focusing on land clearance for key projects such as Ring Road 4, Ring Road 1, Ring Road 2.5, and Ring Road 3.5, while implementing the Red River Landscape Axis according to the plan to expand the capital's development space in the long term. In the field of trade and investment, the city will continue to implement programs to stimulate consumer demand, develop the night-time economy, tourism, and cultural experience activities, while strengthening the attraction of private investment and FDI. High-tech industries such as semiconductors, financial technology, supporting industries, and the digital economy are also identified as new growth drivers in the coming period. With the achievements in the first half of the year and a series of projects and policies being implemented, Hanoi is expected to create more room for growth, enhance the competitiveness of the economy, and gradually realize the goal of double-digit growth in 2026.

Source: Financial Times