On December 12, 2025, the Hai Phong City People's Committee officially issued Decision No. 5055/QD-UBND regarding the assignment of state budget revenue and expenditure estimates for 2026 to various levels, sectors, and units within the city. This is a critical document that establishes a solid financial foundation for the port city to make a breakthrough in the first year of implementing the Resolution of the 14th National Party Congress, affirming its position as a growth pole in the Northern region.
The Overall Picture: Budget Revenue Exceeding Expectations
According to Decision 5055, the total state budget revenue in Hai Phong for 2026 is set at 194,935.654 billion VND. This figure reflects a strong economic recovery and the effectiveness of the specific policies granted to the city by the National Assembly.
The revenue structure demonstrates balance and sustainability:
- Revenue from import and export activities: Contributing 84,200 billion VND, affirming the city's role as the most important international logistics gateway in the North.
- Domestic revenue: Reaching an impressive 103,166 billion VND, showcasing the strong internal strength of the local business community. This includes 17,650 billion VND from the foreign-invested enterprise (FDI) sector and 22,600 billion VND from the non-state economic sector.
- Mobilized contributions and other sources: Reaching 50 billion VND, along with additional supplements from the Central budget and loans for infrastructure investment.
The decentralization of revenue sources shows the proactiveness of local levels; for instance, Dong Hai Ward is assigned a revenue of 1,912.402 billion VND, while Hai An Ward is set at 1,784.425 billion VND and Hong Bang Ward at 1,674.340 billion VND, indicating abundant economic potential in key areas.
Prioritizing Development Investment and Infrastructure Modernization
The total local budget expenditure for 2026 is balanced by the city at 90,731.134 billion VND. A prominent highlight in this year's spending plan is the large proportion allocated to Development Investment Expenditure, with a total capital of 36,741.5 billion VND.
The city is placing special emphasis on sectors that create new growth momentum:
- Science, technology, innovation, and digital transformation: Total spending for this sector includes 500 billion VND for investment and 600 billion VND for recurrent expenditure. Specific tasks such as purchasing equipment, shared software, and funding for the implementation of Resolution 57-NQ/TW on digital transformation are allocated over 266 billion VND.
- Port infrastructure and logistics: The city continues to prioritize capital to modernize the seaport system, taking advantage of the authority to approve investment policies for large-scale wharves decentralized by the Central government.
Social Security: Placing People at the Center of Development
Alongside economic promotion, Hai Phong is dedicating vast resources to recurrent expenditure activities to ensure social security and improve the quality of life for its citizens. Total recurrent expenditure for 2026 reaches 38,778.489 billion VND.
Essential sectors are given top priority:
- Education - Training and Vocational Development: Allocated the largest budget of 16,238.570 billion VND. The city focuses on tuition fee exemptions and reductions, learning cost support (229.664 billion VND), and training high-quality human resources for core technology industries.
- Healthcare, population, and family: Allocated 2,538.421 billion VND to implement projects aimed at improving the capacity of the public health system and disease prevention.
- Social welfare: Dedicating 4,864.920 billion VND to care for people with meritorious service, social protection subjects, and the implementation of sustainable poverty reduction programs.
- Salary reform: The city has set aside 7,250.732 billion VND to create a source for implementing salary reform according to the Government's roadmap, ensuring income and living standards for officials and civil servants.
Notably, specific community service tasks are also detailed, such as funding for rice land protection (99.880 billion VND), bus interest rate support, and the green transition within industrial zones.
Budget Discipline and the Spirit of Thrift
In management and administration, the City People's Committee requires departments, sectors, and localities to strictly implement the Law on Thrift Practice and Waste Prevention. The entire city aims to save 10% of recurrent expenditures to create a source for salary reform, with total expected savings reaching over 429.594 billion VND.
The city also clearly decentralizes responsibility to the heads of agencies and units for the purposeful and effective allocation and use of the budget. The Department of Finance plays the leading role in inspecting and closely monitoring the progress of disbursement, particularly for key public investment projects and national target programs.
A Vision Toward the Future
The 2026 budget estimate is a testament to a dynamic, decisive, and humane Hai Phong. With total revenue approaching 200,000 billion VND, the city possesses ample financial room to realize its ambition of becoming a globally connected city.
The detailed allocation of revenue to each ward and commune demonstrates the spread of development capital to every corner of social life. Decision 5055/QD-UBND is effective from the date of signing, marking the beginning of a promising new financial cycle. With the consensus of the political system and the efforts of the business community, Hai Phong is confident it will meet and exceed its 2026 budget targets, creating steady momentum for the port city's sustainable development in the new era.