May 08, 2026 | 07:00

Hue attracts over $530 mln from 19 new projects in first four months

Nguyễn Thuấn

Realized investment capital in the central city reached approximately VND12.34 trillion (over $469 million), up 26.7% year-on-year.

Hue attracts over $530 mln from 19 new projects in first four months
A view of Huong River in Hue City. Illustrative photo

In the first four months of 2026, central Hue city's economy maintained stable growth momentum, driven by prominent contributions from the service sector—particularly tourism.

Meanwhile, industrial production and investment attraction continued to flourish, further strengthening the city's growth drivers.

Over the four-month period, the city welcomed approximately 2.67 million visitors, a 30.3% increase compared to the same period last year. This figure includes over 1.13 million international tourists, up 27.7%. Tourism revenue is estimated at over VND6.23 trillion ($237 million), 1.7 times higher than the previous year.

The robust recovery of the tourism industry has sparked positive growth in trade and services. Total retail sales of goods and consumer service revenue reached approximately VND24.52 trillion (nearly $932 million), representing a 17.8% year-on-year increase.

Alongside the service sector, Hue’s industrial production remained steady. The Index of Industrial Production (IIP) rose by 15.1% in April, bringing the cumulative growth for the first four months to 13.1%.

Foreign trade also recorded positive signals. Estimated export turnover for the first four months reached $554.4 million, up 20%, while imports reached $532.4 million, an increase of over 50%.

Total social investment remained a significant highlight. Realized investment capital in the city reached approximately VND12.34 trillion (over $469 million), up 26.7% year-on-year. Since the beginning of the year, the city has granted licenses to 19 new projects with a total registered capital of nearly VND14 trillion ($531 million), including two FDI projects worth over $125 million.

During a regular meeting for April 2026 held on May 6, Standing Vice Chairman of the Hue City People’s Committee, Mr. Hoang Hai Minh, emphasized the urgent need to accelerate the disbursement of public investment capital, identifying it as a crucial driver to propel further economic growth.

Attention
The original article is written and published on VnEconomy in Vietnamese, then translated into English by Askonomy – an AI platform developed by Vietnam Economic Times/VnEconomy – and published on En-VnEconomy. To read the full article, please use the Google Translate tool below to translate the content into your preferred language.
However, VnEconomy is not responsible for any translation by the Google Translate.

Google translateGoogle translate