In 2021, the top 10 provinces and cities with the highest GRDP in the country are Ho Chi Minh City. Ho Chi Minh City, Hanoi, Binh Duong, Dong Nai, Hai Phong, Ba Ria – Vung Tau, Bac Ninh, Quang Ninh, Thanh Hoa and Nghe An.
Leading in the top 10 provinces and cities with the highest GRDP in the country is Ho Chi Minh City. HCM. Specifically, the city’s economy is affected by the Covid-19 pandemic, the city’s gross domestic product (GRDP) is estimated at 1,299 trillion VND. The city’s economic growth fell 6.78% year-on-year, the deepest decline in history.
By the end of the first quarter of 2022, the growth rate of gross domestic product in the city. Ho Chi Minh City is estimated to increase 1.88% over the same period. This is the positive growth of the city’s economy after a deep decline in the third and fourth quarters of 2021. Thereby, it shows that the city’s economy is recovering faster than expected.
In the first 5 months of 2022, the economy of Ho Chi Minh City. Ho Chi Minh City continues to have a strong recovery momentum, creating psychology and confidence for people and businesses to feel secure in production and business.
Top 10 provinces and cities with the highest GRDP in the country in 2021 (trillion VND).Source: Statistics Department of provinces and cities.
Right after the city. Ho Chi Minh City, Hanoi are the cities with the highest GRDP in the country, reaching about 1045.67 trillion VND. For the whole year of 2021, the city’s GRDP is estimated to increase by 2.92%, lower than the 2021 plan (7.5%) and lower than the growth rate in 2020 (4.18%), mainly due to the heavy impact from the Covid-19 pandemic, especially in the third quarter when most industries and fields suffered a sharp decline.
In the first quarter of 2022, Hanoi’s GRDP increased by 5.83% over the same period last year, 1.16 times higher than the whole country (5.03%), which is one of the clearest signs of growth recovery.
According to the City Statistics Office. Hanoi, thanks to the city’s good control of the epidemic, the service and tourism industries have grown again in the first 5 months of 2022, the economy will continue to grow, creating growth momentum for the next months.
Growth recovery of Hanoi’s economy in the second quarter of 2022 is expected to grow quite high compared to the same period last year. Especially in the service sector, tourism, finance, banking, insurance… in the second quarter of 2022, there will be remarkable progress.
Binh Duong is the province with GRDP ranked third in the list of top 10 provinces and cities with the highest GRDP in the whole country in 2021. Specifically, the province’s GRDP is about 408.8 trillion VND, up 2.62% over the same period last year. . This is also the most positive growth rate in the southern economic quadrilateral including Dong Nai, Ho Chi Minh City and Dong Nai. Ho Chi Minh City, Binh Duong and Ba Ria – Vung Tau.
The province’s socio-economic situation continues to achieve many important results in the first 5 months of 2022. In the whole 5 months, the index of industrial production, export turnover, and foreign investment attraction increased sharply. compared with the same period.
In particular, as of May 15, 2022, the province has attracted 151 million USD in foreign investment (FDI), accumulated in 5 months has attracted 2.5 billion USD, rising to the top of the country in attracting FDI.
Ranked at the 4th and 5th positions in the list of provinces and cities with the highest GRDP in the country in 2021 are Dong Nai and Ba Ria – Vung Tau. Dong Nai in 2021 has a GRDP of about 374.48 trillion VND, an increase of 2.15% compared to 2020. Besides, Ba Ria – Vung Tau has a GRDP of about 330.75 trillion VND.
Contribution rate of 63 provinces and cities to national GDP in 2021 (%).
In terms of contribution rate to national GDP in 2021, Ho Chi Minh City HCM contributed the highest, about 15.9%. According to UNBD City. In Ho Chi Minh City, years before the pandemic occurred, HCMC. Ho Chi Minh City contributes about 23% of GDP of the country.
However, in 2021, due to the heavy influence of the Covid-19 pandemic, the contribution rate of the city’s economy is expected to increase. Ho Chi Minh City to GDP of the whole country has decreased markedly. In 2020, TP. Ho Chi Minh City contributes about 22% of GDP of the country, by 2021 this number will decrease to about 15.9%.
Along with that, Hanoi ranked second, contributing about 12.8%, Binh Duong contributed about 5%, Dong Nai contributed about 4.58%, Ba Ria – Vung Tau contributed about 4.05%.
The top 10 provinces and cities with the largest GRDP in the country contribute about 55.97% to the GDP of the country. The remaining 53 provinces and cities contribute about 44.03% to the national GDP.
Source: CafeF
Source: Vietnam Insider