Hanoi recorded positive growth in the first quarter of 2026, with its Gross Regional Domestic Product (GRDP) increasing by 7.87% year-on-year, according to the municipal Statistics Office.
Specifically, the agro-forestry-fishery sector rose by an estimated 3.73%, contributing 0.09 percentage points to the overall growth. The industry and construction sector expanded by 7.55%, contributing 1.33 percentage points, while the service sector remained the primary driver with an 8.21% increase, contributing 5.74 percentage points.
During this period, investment capital implemented from the local state budget reached VND20.9 trillion (about $792 million), fulfilling 16.6% of the yearly plan and marking a sharp increase of 47.4% over the previous year.
Regarding industrial performance, Hanoi's Index of Industrial Production (IIP) for March 2026 is estimated to have risen by 18% month-on-month and 8.2% year-on-year, bringing the total growth for the first quarter to 8.5%.
In the trade sector, total import-export turnover reached over $16.5 billion, a 10.4% increase year-on-year. While export turnover decreased by 8.6% to $4.185 billion, import turnover surged by 18.8% to $12.337 billion.
Consumer activity also showed strong momentum as total retail sales of goods and service revenue hit VND252 trillion (nearly $9.6 billion), up 11.2% from the same period last year. Meanwhile, the average Consumer Price Index (CPI) for the quarter rose by 4.29% compared to the average of Q1 2025.
On the investment front, the city successfully attracted $478.9 million in Foreign Direct Investment (FDI) during the first three months of the year.
This total includes 145 newly registered projects with capital of $68.8 million, 34 existing projects that increased their capital by $257.2 million, and 97 instances of foreign investors contributing capital or purchasing shares, totaling $152.9 million.
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