Legaspi, city, eastern Philippines, capital of Albay Province, on Luzon Island, a port on Albay Gulf. Legaspi is the center of an important abaca-producing area, and abaca fiber, or Manila hemp, and abaca textiles are produced and exported from here. Legaspi is the site of Aquinas University (1948) and Bicol University (1969). Mayon Volcano, which erupted without warning in February 1993, rises north of the city. In December 1941, during World War II, Legaspi was the debarkation point for Japanese troops invading Luzon. Population (1999 estimate) 160,501.