Northern Hai Phong city has identified industry and technology, seaports and logistics, and tourism and trade as three key pillars to fulfill its economic goals.
It targets posting gross regional domestic product (GRDP) growth of 12.7-13 per cent this year, with its industrial production index to increase 15 per cent and budget collections to reach VND116.4 trillion ($4.9 billion), surpassing the VND100 trillion ($4.2 billion) milestone the city recorded for the first time last year.
Its industrial sector accounts for 49 per cent of its economic structure, and the city plans to develop modern and sustainable industry with a focus on manufacturing, electronics, and high-end technology.
The city will invest in infrastructure and site clearance for industrial parks and complete procedures to establish four new industrial parks.
Regarding ports and logistics, it will continue to speed up progress of projects building container terminals at Hai Phong International Port and call for investors to build a national logistics center and will invest in completing its coastal road network.
The city also plans to invest in developing infrastructure for tourism and trade activities.
Google translate