Want to be in the loop?
subscribe to
our notification
Business News
HANOI CITY WANTS DIGITAL ECONOMY TO CONTRIBUTE 22% TO GRDP BY 2026
Nguyen Duy Ngoc (C), secretary of the Hanoi City Party Committee, inspects scientific and technology products developed in the capital at the Hanoi Innovation Network Exhibition – PHOTO: SGGPO
HCMC — The Hanoi City government aims for the digital economy to contribute 22% of the city’s gross regional domestic product (GRDP) by 2026, officials said on March 11.
The target is part of the city’s implementation of Resolution 57-NQ/TW of the Politburo on breakthroughs in science, technology, innovation, and national digital transformation.
The city has set a higher goal than the national target, which aims for the digital economy to account for 14.5% of GRDP. Hanoi plans to raise the share to at least 40% by 2030, reported Sai Gon Giai Phong newspaper.
In the first two months of the year, Hanoi launched several large-scale initiatives to support science and technology development. These include plans for data centers and an artificial intelligence data center (AIDC), along with upgrades to research institutes and laboratories.
Authorities said the projects are intended to help form a modern science and technology infrastructure for the capital region in the coming years.
Hanoi has also introduced changes to its innovation ecosystem. The city established the Hanoi Innovation Center Joint Stock Company, with 30% of its capital mobilized from private sources.
The center is linked with a technology exchange and a digital transformation marketplace to support the commercialization of research results under a model described by the city as state-led, implemented by businesses, and market-oriented.
In digital transformation, the city has piloted digital government models in 126 wards and communes.
The city allocated VND609 billion to equip these local administrations with technology to operate a two-tier local government model.
Authorities also installed equipment at 139 public service support points to help residents complete administrative procedures.
Hanoi City allocated more than VND9.09 trillion, or about 4% of the city’s total budget spending, for science, technology, innovation, and digital transformation at the start of the year.
Source: The Saigon Times
Related News
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
HÀ NỘI'S BUSINESSES URGE ACTION ON CAPITAL, LOGISTICS BOTTLENECKS TO BOOST EXPORTS
Business associations and enterprises in Hà Nội have urged the city to tackle bottlenecks in financing, logistics, infrastructure and regulations to improve competitiveness, expand production and support export growth, as the capital seeks to sustain double-digit economic expansion. Mạc Quốc Anh, vice chairman and secretary general of the Hanoi Association of Small and Medium Enterprises (Hanoisme), said exports were not simply about selling goods overseas but also reflected a company's production capacity, management, ability to meet international standards and reputation.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
PORT THROUGHPUT IN HẢI PHÒNG EXCEEDS EIGHT-MONTH TARGET
Ports in the northern city of Hải Phòng handled an estimated 134.34 million tonnes of goods in the first eight months of 2026, exceeding the eight-month target of 115 million tonnes by 16.8 per cent and rising 11.74 per cent year on year, equivalent to 56.2 per cent of the full-year plan. The strong performance followed a series of measures to optimise port capacity and improve the competitiveness of the city’s seaport system, with a focus on maximising the efficiency of the Lạch Huyện international gateway port as new berths came into operation.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
LÂM ĐỒNG BUILDS TRANSPORT INFRASTRUCTURE AS FOUNDATION FOR GROWTH
With its mountains, highlands and long coastline brought together under one administrative roof, the enlarged Lâm Đồng is now Việt Nam’s largest province by area – and a place where stronger transport links could help turn its diverse economic strengths into a more integrated engine of growth. Against this backdrop, the province is prioritising an integrated transport network to strengthen regional connectivity, expand development space and lay the foundation for sustainable socio-economic growth.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
VIETNAM LOGISTICS COSTS ACCOUNT FOR 16 PER CENT OF GDP
Speaking at a logistics conference on August 26, Ho Thi Quyen, deputy director of the Ho Chi Minh City Investment and Trade Promotion Centre, said that Vietnam is now home to more than 34,000 logistics companies, with the sector contributing around 4.5-5 per cent of GDP. However, logistics costs remain high at approximately 16 per cent of GDP.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
DOMESTIC DEMAND DRIVES STEEL GROWTH AS CONSTRUCTION GATHERS PACE
The steel industry recorded double-digit growth in both production and sales in the first seven months of 2026, while export remained more subdued, highlighting the increasing importance of domestic demand as public investment and construction activity expand. According to the World Steel Association, Việt Nam produced around 15.2 million tonnes of crude steel in the first half of 2026, up 26.9 per cent year-on-year, keeping the country among the world's 10 largest steel producers.
VIETNAM MONTHLY STATISTICAL DATA
INFOGRAPHIC SOCIAL-ECONOMIC PERFORMANCE IN AUGUST OF 2026
The monthly statistical data presents current economic and social statistics on a variety of subjects illustrating crucial economic trends and developments, including production of agriculture, forestry and fishery, business registration situation, investment, government revenues and expenditures, trade, prices, transport and tourism and so on.
Events Sponsors
