With considerable room and momentum for development, Hue City has many advantages in pursuing a modern, green and sustainable industrial sector. However, for industry to become a true engine of growth and contribute to the city’s goal of double-digit economic expansion, a comprehensive set of coordinated solutions is needed.

The Vietnam - Japan Local Cooperation Forum 2026 (the Forum) is expected to resolve obstacles, accelerate ODA-funded projects, attract investment, strengthen educational ties, and establish a mechanism for annual cooperation between localities of the two countries, contributing to creating momentum for Hue City’s economic breakthrough and deeper international integration.

Featured on page 2 is the article ‘Momentum from grassroots initiatives’, which addresses a timely issue after one year of operating the two-tier local government model. A key takeaway is that when local authorities are empowered and willing to innovate, many procedures are shortened, government services move closer to the citizens, and public satisfaction becomes the benchmark for governance effectiveness.

On June 23, Party Central Committee Member, Deputy Secretary of the City Party Committee, and Chairman of the City People’s Committee Nguyen Khac Toan chaired a meeting to review and finalize the medium-term public investment plan using state budget capital for the 2026 - 2030 period and assess the implementation and disbursement of public investment funds in 2026.

On the afternoon of February 26, Mr. Nguyen Khac Toan, Member of the Party Central Committee, Deputy Secretary of the City Party Committee, and Chairman of Hue City People's Committee, led a delegation to visit and work with several major businesses and investors in the locality at the beginning of the Lunar New Year of the Horse 2026.

From a modest family yard to a Hue yellow apricot garden spanning thousands of square meters, the journey of Mr. Nguyen Phi Truong (Quang Dien), a 9X businessman, is not only a successful youth startup story but also a testament to the momentum of modern agricultural thinking in the digital era.

Alongside business support policies from the Central Government, Hue City has also introduced tailored, distinctive support mechanisms to spur business development, aiming to have around 12,000 businesses operating stably by 2030.

Building on the results achieved in 2025, Hue City has set a growth target of over 10% per year for the 2026 - 2030 period. By 2030, the city strives to reach a growth rate of 11.5 - 12%, and a budget revenue of 28,000 - 30,000 billion VND.

Hue City’s budget revenue is entering a phase of strong momentum, with a revenue structure becoming increasingly diversified and sustainable. Alongside traditional sources such as textiles and garments, beer production and tourism, the rapid growth of industrial sectors is opening up significant new drivers for local budget growth.

The city has undergone a process of accumulation and infrastructure investment, transforming its urban landscape. Completed urban infrastructure projects have largely met the requirements for connecting the central urban area with satellite towns, creating momentum for the city’s socio-economic development.