Northern Hai Phong port city achieved six out of its eight key socio-economic development targets in May 2026, reflecting the city’s strong economic momentum despite challenges in industrial growth and business formation.

According to the Hai Phong People’s Committee, key indicators including state budget revenue, export turnover, cargo throughput, tourist arrivals, foreign direct investment (FDI) attraction, and social insurance participation all met or exceeded targets set under the city’s growth scenario.

In May alone, export turnover reached $4.1 billion, while cargo throughput at the city’s ports totaled 18.9 million tons. The city welcomed 1.85 million visitors and attracted $692.6 million in FDI during the month.

For the first five months of 2026, FDI inflows reached $1.98 billion, while exports totaled $21.3 billion. Cargo volume handled through the port system reached 77.8 million tons, and tourist arrivals climbed to approximately 6 million.

However, two indicators fell short of expectations. The city’s Industrial Production Index (IIP) rose 13.8% in May, below the targeted 16.7%, while 680 new enterprises were established compared with a target of 910. Despite missing the monthly target, Hai Phong’s IIP growth remained significantly above the national average of about 9.2%. Local authorities remain optimistic about achieving the full-year IIP growth target of 16.3%, supported by strong performance in key manufacturing sectors.