Hanoi Chairman: Growth over 10% is an honor and responsibility to the people

Hanoi – Chairman of Hanoi's People's Committee, Vu Dai Thang, has declared that achieving a growth rate exceeding 10% is not merely an economic target but a matter of "honor and responsibility" to the city's Party organization and its people. Speaking at a regular meeting of the municipal People's Committee on April 17, 2026, Thang underscored the collective agreement on a new growth model prioritizing double-digit expansion from 2026 to 2030.

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We continue to firmly adhere to the growth target of over 10%, considering it the honor and responsibility of the City People's Committee to the city's Party organization and people

Thang pointed to a confluence of favorable factors that position Hanoi to meet this ambitious goal. These include crucial strategic resolutions from the central government and the recently approved 100-year master plan for the capital. Additionally, the ongoing refinement of special mechanisms and policies provides a solid foundation for the effective implementation of socio-economic development and security objectives.

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The central government has issued important resolutions and strategic directions, along with a 100-year master plan for the capital that has been approved by the City People's Council, along with special mechanisms and policies that are gradually being perfected.

However, the Chairman candidly addressed the reality that first-quarter growth in 2026, while positive compared to previous years, did not meet the projected targets. Certain indicators and growth drivers have fallen short of expectations. Consequently, Thang stressed the need for more robust and flexible measures in the remaining months of the year to bridge the gap.

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In the first quarter of 2026, although positive results were achieved compared to previous years, growth still did not meet the set scenario.

"We continue to firmly adhere to the growth target of over 10%, considering it the honor and responsibility of the City People's Committee to the city's Party organization and people," Thang stated. He urged all relevant departments and localities to fully leverage existing mechanisms and policies, enhance the government's facilitating role, and promote the active participation of businesses and citizens. The focus will be on institutionalizing special mechanisms, developing action plans with clear responsibilities, and synchronizing legal frameworks, particularly in anticipation of the revised Law on the Capital expected to take effect mid-2026. Investment, especially public investment, is seen as a key driver to stimulate private investment, with a priority on accelerating the implementation of key infrastructure projects, particularly in transportation and urban rail.

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We will continue to implement stronger and more flexible solutions in the remaining time of the year to compensate for the missing growth.