Chairman of Hanoi People's Committee Vu Dai Thang signed and issued Directive No. 14/CT-UBND dated June 28, 2026 on building the socio-economic development plan and state budget estimates for 2027.
According to the Directive, 2027 is the second year of implementing the Resolution of the 14th Party Congress and the 5-year socio-economic development plan 2026 - 2030, and is also of great significance in the goal of successfully organizing the APEC 2027 Summit and striving to achieve double-digit economic growth.
Hanoi City People's Committee requests that the development of socio-economic plans must be based on a comprehensive assessment of the implementation results in 2026, proactively forecasting the domestic and international situation to propose practical, feasible, and effective tasks and solutions.
The goals and tasks must closely follow the policies of the Party, National Assembly, Government and the directions of the General Secretary, President; Prime Minister; ensuring the requirements of "clear people, clear tasks, clear responsibilities, clear authority, clear time, clear results", associated with the goal of double-digit economic growth.
The city identifies development according to a new growth model, taking science and technology, innovation and digital transformation as driving forces; improving productivity and competitiveness of the economy; promoting international integration, ensuring social security, cultural development, maintaining national defense, security and social order and safety.
Regarding the 2027 budget estimate, the Directive requires revenue estimates to ensure accurate, sufficient, timely and close to implementation capacity. In which, domestic revenue estimates (excluding some specific revenue items) strive to increase by an average of 13 - 15% compared to the estimated implementation in 2026 after excluding policy changes. Revenue from import and export activities increases by about 5 - 7%.
Regarding budget expenditures, Hanoi requires thrift and efficiency, prioritizing resources for science and technology, innovation, digital transformation, social security, national defense and security; continue to restructure budget expenditures in the direction of reducing recurrent expenditures and increasing development investment expenditures.
The city also requests to minimize unnecessary expenditures, especially conference, seminar, and overseas work expenses; gradually reduce direct support from the budget for public non-business units with revenue sources, and at the same time expand the mechanism for placing orders and bidding to provide public services to improve the efficiency of budget use.
