QUANG NINH, HAIPHONG LEAD VIETNAM’S LOCAL GROWTH RANKINGS IN 2025

High-rise buildings are seen in HCMC - PHOTO: N.K.

HCMC – Quang Ninh and Haiphong recorded the fastest economic growth among Vietnam’s provinces and cities in 2025, according to the National Statistics Office (NSO).

Quang Ninh posted gross regional domestic product (GRDP) growth of 11.89%, while Haiphong gained growth of 11.81%. Both exceeded the national average as six localities reported double-digit expansion.

Vietnam’s gross domestic product rose 8.02% in 2025 from a year earlier. At the local level, GRDP growth ranged from 5.84% to 11.89%, showing wide divergence across regions.

In addition to Quang Ninh and Haiphong, Ninh Binh, Phu Tho, Bac Ninh and Quang Ngai recorded growth of above 10%.

The NSO said provinces with strong industrial and services bases, improved investment conditions and effective use of capital, particularly foreign direct investment, achieved higher growth.

Large industrial complexes and major FDI projects were the main drivers. Some smaller provinces by their contributions to the nation’s GDP also posted sharp gains by accelerating public investment disbursement and developing new sectors.

Twenty-three provinces and cities recorded growth of between 7% and 10%, while five localities expanded by less than 7%.

Hanoi, HCMC, Haiphong, Dong Nai and Bac Ninh remained the main contributors to national growth, accounting for 55.4% of the total increase in GDP.

Hanoi grew 8.16% and contributed 12.94% to national expansion. HCMC expanded 7.53% and accounted for 23.11%. Services led growth in both cities, driven by trade, finance and banking, logistics, tourism and information technology.

Dong Nai reported growth of 9.63%. Its industrial and construction sector rose 11.52% and contributed more than 67% of local growth, with several key industries expanding by over 10%.

Looking ahead to 2026, the NSO said provinces aiming for double-digit growth face challenges including volatile raw material prices, rising logistics costs, risks of supply chain disruptions and uneven global demand recovery.

Domestic constraints such as lower-than-expected public investment disbursement, a weak real estate recovery and natural disasters in some areas could also weigh on growth.

The NSO said local governments need to maintain macroeconomic stability, accelerate public investment, support businesses and better tap existing growth potential.

Source: The Saigon Times