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| Construction of projects at Chan May Port |
The key driver
From an economic perspective, investment, including public investment, private investment, and foreign direct investment (FDI), is the key driver of growth by expanding production capacity, perfecting infrastructure, creating jobs, and improving labor productivity.
The role of investment resources is evident in many aspects. Specifically, development investment creates new assets, machinery, and factories; directly contributing to GDP growth. Public investment plays a foundational role, building transportation, urban, and logistics infrastructure, thereby creating a “platform” for the private sector and FDI. Oriented investment also helps shape high-value-added economic sectors, promoting technological innovation and improving the quality of growth. Simultaneously, investment also helps create jobs, improve income, enhance people’s living standards, and create a spillover effects that lead other social resources.
In recent years, the investment landscape in Hue City has seen many positive developments. In 2025, total social investment capital in the city reached approximately 39,350 billion VND, a 22.7% increase over the previous year. State budget capital has been concentrated on key and inter-regional infrastructure projects with high spillover effects, such as the coastal road and the bridge passing over Thuan An estuary; the Nguyen Hoang road and bridge; the extension of To Huu street to Phu Bai airport; Belt Road No. 3; phase 2 of Chan May port breakwater; and resettlement areas serving land clearance for the North-South high-speed railway project…
At the same time, many strategic infrastructure projects are being completed or will soon be completed, contributing to the gradual expansion of development space toward the sea and new dynamic zones. These projects not only improve transport connectivity, but also create a foundation to attract large investment flows in medium and long term.
Mr. Le Van Tue, Head of Hue City’s Management Board of Economic and Industrial Zones, stated that in 2025 alone, the total capital attracted into the city’s economic and industrial zones reached approximately 25,400 billion VND. Notably, nearly 80% of this amount came from increased adjusted capital. This indicates that the confidence of businesses operating in the area continues to be strengthened, reflecting a trend of expanding investment rather than relocating elsewhere.
One of clear examples of Hue’s investment appeal is the increasing presence of Kim Long Motor in the Chan May - Lang Co Economic Zone. The implementation of the BYD battery manufacturing plant with an investment of 130 million USD, and the YUCHAI engine manufacturing plant with an initial investment of 260 million USD not only raises the localization rate, but also enables Hue to begin participating in the high-tech industrial value chain.
According to Mr. Dao Viet Anh, General Director of Kim Long Motor, the company decided to increase its investment capital due to the locational advantages of the Chan May - Lang Co Economic Zone, the increasingly well-developed transport infrastructure, the stable policy environment, and the timely support of local authorities. In practice, when a locality creates a stable investment environment, adequate infrastructure, and a clear development vision, investors are willing to make long-term “bets”, not only with capital, but also with technology and value chains.
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| Construction of the access road to the bridge passing over Thuan An estuary |
Unlocking resources
Despite achieving positive results, it must be frankly acknowledged that the scale of Hue’s investment resources is not yet commensurate with the requirements for double-digit growth in the coming period. Mr. Ha Van Tuan, Vice Chairman of the City People's Council, stated that to reach a growth target of 10% or higher, the city needs to sharply increase both the scale and the quality of investment resources while more effectively tapping into social resources, particularly from the business sector and capital mobilized from the public.
Mr. La Phuc Thanh, Director of the Department of Finance, stated that to drive the city's growth of 10% or higher for the 2026 - 2030 period, the total realized investment capital in Hue City is expected to reach approximately 270,000 billion VND, averaging 54,000 billion VND per year. Of this, State capital will account for about 20%, while the remainder will come from the private sector, FDI, and the public.
According to experts and managers, the challenge for Hue in the 2026 - 2030 period is not only to “increase capital”, but also to “increase it correctly and effectively”. This requires the city to prioritize projects with strong spillover effects, focusing on strategic infrastructure, high-tech industries, the green economy, and the digital economy; while simultaneously implementing strong administrative reforms, and improving governance quality and the economy's capital absorption capacity.
At a working session between the Standing Committee of the City Party Committee and relevant agencies regarding growth resources for the 2026 - 2030 period, Mr. Nguyen Dinh Trung, Member of the Party Central Committee and Secretary of Hue City Party Committee, emphasized that the double-digit growth target can only be achieved if the city remains committed to a development approach based on the efficiency, quality, and sustainability of investment resources. Public investment must truly play the role of “seed capital”, focusing on key projects with strong spillover effects that create new development spaces; every project must be placed within the overall strategy of urban, industrial, and service development, and long-term livelihoods for the people.
Mr. Nguyen Dinh Trung also requested further decentralization and delegation of authority associated with resource allocation; the prompt removal of bottlenecks related to planning, land, and site clearance; and strict handling of slow-moving projects that waste social resources. At the same time, the city must proactively prepare infrastructure, human resources, and other necessary conditions to attract major investment flows, especially in high-tech industries, the digital economy, the green economy, and cultural industries - new growth engines for the coming period.
The consistent orientation of the City Party Committee is that growth should not be traded off at any cost, but must be based on a foundation of effective investment and modern governance. When capital flows are guided correctly and placed within a long-term development strategy, Hue City has a strong foundation to enter a new phase of faster and more sustainable growth.