Hue city GRDP grows 9.88% in Q1 2026

On the afternoon of April 2, 2026, Hue City’s People’s Committee held its regular March 2026 meeting to review the economy and society in Q1 2026 and set tasks for Q2 2026. La Phuc Thanh, Director of the Finance Department, said that the economy and society continued to improve, laying a foundation for the annual growth target.

Growth supported by tourism and services

In Q1 2026, the economy maintained a positive growth trajectory with an estimated GRDP growth of 9.88%, higher than the same period last year (9.5%). The industrial-construction sector rose by 12.76%, services by 9.3%, agriculture-forestry-fisheries by 3.8%, and product taxes minus subsidies by 8%.

The services sector continued to lead, accounting for 53.9% of the economic structure. Tourism activity recovered clearly, with nearly 2 million visitors welcomed, up 31% year-on-year. Tourism revenue reached about VND 4,500 billion (VND 4.5 trillion), up 71%, and was cited as one of the key drivers of overall growth.

Trade, retail sales and stable operating conditions

Trade and import-export activities also posted favorable results. Total export turnover reached USD 421 million, up 28%, while imports reached USD 345.5 million, up 29.8%. Total retail sales of goods and consumer services were estimated at over VND 18,400 billion (VND 18.4 trillion), up 18.5%. Transport, credit, and basic price levels remained stable, supporting production and business needs.

Investment momentum and project acceleration

Total social investment in Q1 2026 was about VND 8,000 billion, up more than 13%. Hue City issued new investment registrations for 11 projects with total registered capital of over VND 9,100 billion, including a large-scale FDI project. The city said many key projects—especially social housing and urban infrastructure—are being accelerated by removing procedural hurdles to push progress, expand urban space, and strengthen regional connectivity.

Business signals and public investment disbursement

Despite the overall improvement, business activity showed notable signals. The number of newly established enterprises reached only 260, down sharply from the same period, while the number of temporarily suspended enterprises remained high. Disbursement of public investment reached 13.5% of the plan—higher than the national average—but still needs to be accelerated in the near term.

State budget revenue in Q1 2026 was estimated at over VND 4,000 billion, up 14%.

Policy focus for Q2: planning, land clearance and risk prevention

At the meeting, representatives from departments said Hue City needs to accelerate the completion and adjustment of planning to attract investment. They also called for stronger cooperation among localities and investors in land clearance to ensure project progress.

For agriculture, particularly high-tech agriculture, the city noted limitations in scale, land resources, and attractiveness to enterprises, calling for coordinated solutions to improve efficiency and attract investment. The meeting also urged prompt resolution of policy and mechanism issues related to land, organizational structure, and resources for tourism development.

Safety measures—especially fire protection in residential areas and markets—were highlighted as needing reinforcement with concrete solutions.

Chairman’s directives

Hue City Chairman Nguyen Khac Toan requested authorities to prioritize accelerating disbursement of public investment and the progress of key projects, especially land clearance and resettlement. He also said responsibilities should be clearly assigned to leaders in cases of delays.