According to the General Statistics Office (Ministry of Finance), key economic hubs including Hanoi, Ho Chi Minh City, Hai Phong, Dong Nai, and Bac Ninh remain the backbone of Vietnam’s economy, contributing significantly to national GDP growth. These five localities boast the largest economies in the country, with projections indicating they will account for 55.4% of national growth by 2025.
Hanoi and Ho Chi Minh City recorded GRDP growth rates of 8.16% and 7.53%, respectively, contributing 12.94% and 23.11% to the nation’s overall growth. The primary drivers are high-value-added service sectors such as trade, finance, logistics, tourism, IT, and business support services. Additionally, advanced manufacturing, innovation, and digital transformation play pivotal roles in enhancing productivity and growth quality.
In Hanoi, the service sector grew by 8.83%, contributing approximately 78.02% to total value-added growth. The industrial and construction sectors maintained a 7.46% increase, contributing 21.09%, reflecting stable recovery in production and construction investment. Agriculture, forestry, and fisheries grew by 3.55%, contributing 0.89%—the highest in five years—driven by restructured farming practices emphasizing land efficiency and high-tech, GAP/VietGAP-compliant production.
Ho Chi Minh City achieved 7.53% growth (8.03% excluding crude oil). Services led with an 8.76% increase, contributing 65.98%, underscoring their dominance in the city’s economic structure. Industry and construction grew by 6.14%, contributing 33.53%, while agriculture, forestry, and fisheries rose by 2.36%, contributing 0.49%, reflecting the city’s urban focus and minimal agricultural GDP share.
Hai Phong’s economy expanded by 11.81%, contributing 8.58% to national growth, solidifying its position as a high-growth leader. Manufacturing and construction drove growth, with manufacturing up 15.93% (66.9% contribution). Transportation and warehousing grew by 13.11%, contributing 15.46%, reinforcing Hai Phong’s role as a logistics and port hub.
Dong Nai’s GRDP grew by 9.63%, contributing 5.49% to national growth, affirming its status as a Southeast industrial powerhouse. Industry and construction led with an 11.52% increase (67.15% contribution), driven by sectors like metal manufacturing, electrical equipment, and leather goods. Construction surged, supported by the Long Thanh International Airport and infrastructure projects.
Services in Dong Nai grew by 9.39%, contributing 28.04%, fueled by hospitality, logistics, real estate, and entertainment, boosted by rising consumption and stimulus programs.
Following its merger with Bac Giang, Bac Ninh has emerged as a competitive manufacturing hub in the Red River Delta and Northern Midlands. Bac Ninh’s electronics industry (home to Samsung, Canon, Amkor) complements Bac Giang’s robust supporting industries and FDI attraction, creating a diversified production center that enhances international competitiveness and sustainable regional integration.
Bac Ninh’s 2025 GRDP growth is estimated at 10.3% (5.3% national contribution), ranking 5th nationally. Its electronics, computing, and optics sector grew over 20%, driven by expansions from Hana Micon, Fuyu, Samsung Electric, and new FDI projects like Fulian and Amkor.
New Momentum at Le Méridien Saigon
In October 2025, Royal Canary JSC, the developer of Le Méridien Saigon at 3C Ton Duc Thang, Saigon Ward, increased its chartered capital from approximately VND 2,654 billion to nearly VND 3,210 billion, entirely funded by domestic private capital.
Prime 1km Stretch in Ho Chi Minh City’s Core: High Demand for Rental Spaces
Nestled in the heart of Thanh My Tay, Ho Chi Minh City, Nguyen Gia Tri Street, though a mere kilometer long, stands as a vibrant hub in the rental market. Its prime location, offering seamless connectivity, coupled with competitive rental rates and a steady influx of students and young professionals, makes it a sought-after destination for businesses seeking prime storefronts.
Hanoi Finalizes Land Compensation Calculation Method for Land Acquisition
The Chairman of the Hanoi People’s Committee, Vu Dai Thang, has officially signed a decision to issue the land price adjustment coefficient (K). This coefficient will serve as the basis for calculating compensation when the state acquires land within the city’s jurisdiction.
CII Partners with HFIC to Develop Two Major Transportation Projects Worth VND 10,000 Billion in Ho Chi Minh City
CII and HFIC have signed a Memorandum of Understanding (MoU) to collaborate under a Public-Private Partnership (PPP) model, prioritizing two major transportation projects in Ho Chi Minh City. This partnership aims to enhance traffic capacity at key gateways, addressing critical congestion issues in the city.
Ho Chi Minh City Engages Over 50 Partners Eager to Join the International Financial Center
The Ho Chi Minh City government has engaged with over 50 investors and partners, including major players such as Nasdaq, VinaCapital, Binance, Tether, Viettel, and FPT. Their participation is anticipated to bring significant resources, advanced technology, and sustainable growth to the International Financial Center, accelerating its development.
