Northern Hai Phong city targets developing into an important growth pole of the country under its adjusted master planning to 2040 and vision towards 2050, according to local authorities.

The plan was approved by the Prime Minister in March.

By 2050, it is expected to become one of the most developed cities in Asia and the world.

Its population is expected to reach 2.8-3 million and 3.9-4.7 million by 2030 and 2040, respectively.

The urbanization rate is projected to increase to 74-76 per cent by the end of this decade and 80-86 per cent by 2040.

The city targets building high-tech agriculture zones in Kien Thuy, An Lao, Tien Lang, Vinh Bao, and An Duong districts.

Vice Chairman of the Hai Phong City People’s Committee Le Anh Quan told a recent workshop held to announce the planning that local authorities are pleased to cooperate with investors and businesses for the city’s rapid and sustainable development.

The city committed to strongly implementing administrative reform and creating a favorable business environment for investors, he said.