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

Related News

MEMBER CORNER / PROMOTIONS

QUARTERLY PIT FILING FOR EMPLOYMENT INCOME APPLIES FROM APRIL 2026

Deloitte Vietnam would like to update members of HKBAV on a recent change to Personal Income Tax (“PIT”) filing procedures, which applies from April 2026 onwards. On 7 April 2026, the Government issued Resolution No. 66.16/2026/NQ-CP, setting out its direction to reduce and simplify administrative procedures and regulations affecting business activities. The Resolution took effect on 15 April 2026.

May 29, 2026

VIETNAM MONTHLY STATISTICAL DATA

INFOGRAPHIC SOCIAL-ECONOMIC PERFORMANCE IN APRIL OF 2026

The monthly statistical data presents current economic and social statistics on a variety of subjects illustrating crucial economic trends and developments, including production of agriculture, forestry and fishery, business registration situation, investment, government revenues and expenditures, trade, prices, transport and tourism and so on.

May 28, 2026

HOSPITALITY / TOURISM / ENTERTAINMENT

PHU QUOC MAKES UP OVER 80% OF AN GIANG’S TOURISM REVENUE

Phu Quoc Special Zone has accounted for more than 81% of An Giang Province’s tourism revenue so far this year, while attracting nearly all international visitors to the province. Tourism revenue in An Giang has reached an estimated VND33.17 trillion in January-May, up 37.2% from a year earlier. The province has welcomed more than 13.3 million visitors, up 12.1%, while international arrivals have grown 48.4% to around 1.18 million, reported the Vietnam News Agency.

May 28, 2026

VIETNAM ECONOMY INVESTMENT

VIETNAM OUTLINES SUSTAINABLE AGRICULTURE AGENDA FOR NEXT FIVE YEARS

Vietnam’s agriculture sector has set targets of achieving average annual GDP growth of 3.6-4%, increasing export revenue by 10-12% per year, and cutting greenhouse gas emissions by 8-9% over the next five years. The targets form the core of a broader strategy to shift from low-value agricultural production toward higher-value products and build an ecological, green and low-emission agricultural sector with more efficient resource management.

May 28, 2026

BANKING / FINANCE / INSURANCE / TAX

OUTSTANDING LOANS IN HCMC, DONG NAI TOP VND6 QUADRILLION

Total outstanding loans in HCMC and Dong Nai City had amounted to VND6 quadrillion as of April 2026, accounting for 31.1% of the total in Vietnam’s banking system. The latest figures were released on May 26 by Nguyen Duc Lenh, deputy director of the State Bank of Vietnam’s Area 2 branch, which oversees HCMC and Dong Nai City.

May 28, 2026

MEMBER CORNER / PROMOTIONS

KNIC OFFICIALLY HOLDS GENERAL CONTRACTOR CEREMONY FOR INFRASTRUCTURE CONSTRUCTION AT KNIC NAM LONG THANH IP

On May 21, 2026, KNIC officially launched the infrastructure construction for Phase 1 of KNIC Nam Long Thanh Industrial Park (Bau Can - Tan Hiep), spanning 1,000 hectares in Dong Nai. Following the completion of all key legal and planning procedures, this milestone marks the project’s transition into active on-site implementation.

May 27, 2026