Prime Minister Le Minh Hung at the working session with the Standing Board of the Hanoi Party Committee.

Vietnamese PM urges Hanoi to target higher growth, become leading innovation hub

HANOI (VNA/VNS/ANN) -- Prime Minister Le Minh Hung has called on Hanoi to set higher development goals and standards commensurate with its role as the nation’s political and administrative centre, stressing that the capital must make greater contributions to the country’s double-digit growth target.
The leader made the request while chairing a working session with the Standing Board of the Hanoi Party Committee on Thursday, which focused on reviewing the city’s socio-economic development and public investment disbursement.
The officials also discussed the implementation of the two-tier local administration model, the enforcement of the Politburo’s Resolution No 57-NQ/TW on breakthroughs in science and technology, innovation and digital transformation, and measures to address long-standing stalled projects.
PM Hung acknowledged Hanoi’s achievements and contributions to national development but pointed to several shortcomings.
Its GRDP growth in the first quarter of 2026 fell short of the planned scenario, while the consumer price index rose higher than the national average and the implementation of special mechanisms under the Capital Law still faces numerous difficulties, he said.
The mobilisation of private-sector investment has yet to meet requirements, he continued, noting many public investment projects and key infrastructure developments remain behind schedule due to obstacles related to land clearance, land availability, and resettlement housing.
Environmental pollution, traffic congestion, urban flooding, school overcrowding and shortages of highly skilled workers in digital technology, artificial intelligence (AI), big data and semiconductors also remain pressing issues, he said.
PM Hung urged Hanoi to effectively implement resolutions and conclusions issued by the Party Central Committee, the Politburo, the Secretariat, the National Assembly, and the Government regarding capital development in the new era.
Hanoi was also asked to accelerate the enforcement of the Capital Law, and strengthen linkage with localities in the Capital Region and the Red River Delta, particularly in transport infrastructure, environmental protection, water resource management, air pollution control, and the establishment of production and supply chains for goods and services.
The PM emphasised that Hanoi must achieve its 11 percent growth target for 2026 through comprehensive solutions and regular reviews of growth scenarios.
He called on the city to unlock growth potential in processing, manufacturing, trade, services, finance, banking, insurance, transport, logistics, construction and real estate, while controlling inflation and ensuring market stability.
The Government leader placed strong emphasis on the need to mobilise and optimise all resources for development, urging Hanoi to design sustainable solutions to boost budget revenue, practice thrift, and cut at least 10 percent of recurrent spending, with further reductions to free up resources for development investment and social welfare.
The city should make the best use of land resources, improve the efficiency of public investment, and channel capital toward high-impact, spillover projects. At the same time, it should step up efforts to crowd in private capital, targeting a ratio of one unit of public investment to five to ten units of off-budget funding.
Local authorities were also encouraged to strengthen attraction of FDI, ODA, and credit flows, while studying the issuance of capital bonds to finance key priority projects.
At the same time, the city should review its medium-term public investment plan for 2026-2030, with a focus on concentrated, non-fragmented spending, cutting the number of projects by at least 30 percent compared with the previous period. It should also strive to fully disburse 100 percent of public investment capital in 2026.
On public welfare issues, PM Hung urged Hanoi to implement coordinated measures to address air and water pollution, traffic congestion, flooding, and waste management, aiming to fundamentally complete these tasks this year.

(Latest Update June 15, 2026)