GRDP of Quang Ninh has the highest growth rate in the country
In 2025, 6/34 localities will achieve GRDP of over 10%, of which Quang Ninh and Hai Phong will increase the most with increases of 11.89% and 11.81%, respectively.
Information at the press conference to announce socio-economic statistics for the fourth quarter of 2025 and 2025, Deputy Director of the Statistics Office, Mr. Le Trung Hieu, said that the estimated results show the GRDP growth rate of localities from 5.84 - 11.89%. Most localities have growth rates above 7% (only 5 provinces have growth rates below 7%).
According to Mr. Le Trung Hieu, the local group achieved growth of over 10% (for 6/34 provinces and cities), typically Quang Ninh and Hai Phong with the highest increases of 11.89% and 11.81%, respectively, reflecting the ability to effectively capitalise investment flows, especially FDI capital and the strong breakthrough of industries and services.
The group of provinces and cities with stable growth of 7-10% accounts for the majority (with 23/34 provinces and cities), reflecting the general recovery and expansion trend of the economy, as well as the relatively even impact of macro policies.
Low growth group below 7% (5/34 provinces), showing that despite difficulties, no locality has fallen into a state of stagnant growth. The growth gap between the leading and last groups requires increased regulation and more reasonable resource allocation, to limit the risk of localities in the "border group" not being left too far behind in the overall economic development of the country.
Localities including Hanoi, Ho Chi Minh City, Hai Phong, Dong Nai and Bac Ninh continue to play a pivotal role in the economy, contributing the most to the country's GDP growth. These are the 5 localities with the largest economic scale in the country; in 2025, this group will contribute to 55.4% of the country's growth. Hanoi achieved a GRDP growth rate of 8.16%, Ho Chi Minh City increased by 7.53%, these two localities contributed 36.1 percentage points to the country's growth
In addition to localities with high growth rates, some localities have GRDP growth rates lower than the general average, including Vinh Long, Thai Nguyen, Tuyen Quang with increases ranging from 5.84 - 6.4%.
Explaining the reason, the Deputy Director of the Statistical Office said that it mainly comes from objective barriers and economic characteristics.
Firstly, the economic structure still depends on industries with low added value. Vinh Long and Tuyen Quang still rely heavily on small-scale agriculture and processing industry, strongly affected by weather, fluctuations in input prices and consumption markets, while the high-quality service sector develops slowly. For Thai Nguyen, although industry plays a key role, growth depends largely on a number of large-scale FDI enterprises, causing growth rates to be affected when electronics manufacturing and global exports stagnate.
Second, the investment incentive is not strong enough and there is a lack of large-scale, breakthrough projects; the progress of implementing some infrastructure and industrial projects is still slow, limiting the spillover effect to the construction, service and trade sectors.
Third, the scale of the local consumer and service market is still limited due to small urban population and low average income, causing purchasing power and service demand to not create a significant attraction for growth.
In addition, adverse impacts from external factors such as: World economic fluctuations, increased input costs and local natural disasters have affected agricultural production and processing industry, reducing growth space in the short term.
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