At a press conference on 28/9/2019, Director General of the General Statistics Office stated that despite the declining trend of global economic growth, Vietnam’s GDP climbed 6.98% in the first nine months of 2019 compared to the previous year’s same period. This is the highest growth rate of 9 months in the last 9 years.

Read More “Vietnam's economic situation in the first 9 months of 2019”

GRDP of Hanoi in the first 6 months of 2019 was estimated at USD 15,280 million (~VND 355,408 billion), rose 7.21% compared with the same period in 2018. Among 3 main economic sectors, “industry & construction” sector ranked first in growth rate (8.38%), “commerce & service” sector came the second place with 6.66%, and “agriculture, forestry and fishing” had lowest growth rate (1.15%).
Industrial production index in the first 6 months of 2019 rose 7.3% compared to the same period last year. In which, the processing industry increased by 7.4%; electricity production & distribution rose 8% and water supply and garbage processing increased by 7.4%. On the other hand, the mining industry faced a huge decrease of 28.6%.
The total export value of the city reached USD 7201 million (~VND 167,495.26 billion) increased by 105.4% compared with the same period last year while the total import value was USD 15,758 million (~VND 366,531.08 billion), up 4.6%.
Investment capital of the city was estimated at USD 6.18 billion (~VND 143.7 trillion), up 12% over the first 6 months of 2018.
Local budget revenue is estimated at USD 6,580 million (~VND 132,134 billion), reaching 50.2% of the expected amount, up 12.8% over the same period of 2018. Meanwhile, local budget spending is roughly calculated at USD 1,454 million (~VND 33,818 billion), increased by 9.1%.
Exchange rate on 16/7/2019 (The State Bank of Vietnam): USD 1 = VND 23,260
Source: Hanoi Statistical Office

In the first 6 months of 2019, GRDP of Ho Chi Minh City reached USD 26,229 million (~VND 610,096 billion), increased 7.61% compared to the same period of 2018. In aforementioned 7.61%, “commerce & service” accounted for 4.79% and those of “industry & construction” and “agriculture, forestry & fisheries” were 1.54% and 0.04% respectively.
Industrial production index increased by 7% compared to the first 6 months of 2018. In particular, electricity production and distribution 8.7%, processing and manufacturing industry increased by 7.0% and water supply & waste treatment increased by 1.1%.
The total export value of city enterprises exported through the city port (including crude oil) in the first 6 months of 2019 was estimated at USD 18,027.6 million (~VND 442,581.976 billion), up 10.1% over the same period last year while the import value was USD 20.460,8 million (~VND 475,918.208 billion), increased 4.2%.
Regarding investment capital, the total amount was recorded at USD 8,578 million (~VND 199,536 billion), increased by 14.8% compared to the same period of 2018.
Meanwhile, local budget spending is roughly calculated at USD 1,017 million (~VND 23,673 billion), increased by 6.7%.
 
Exchange rate on 16/7/2019 (The State Bank of Vietnam): USD 1 = VND 23,260
Source: Ho Chi Minh City Statistical Office

Last Updated: 25th June 2019

General

Geography

Demography

Economy

 
Data Source：General Statistics Office, Vietcombank, Central Intelligence Agency

Vietnam ranked among the world’s top highest female labour-force participation rates ranking. Statistics from ILO shows that, as of 2018, Vietnam ranked 12^th in world and 2nd in South East Asia as their proportion of women aged 15 to 64 in the labour force reached over 79%. Along with high female labor-force participation share, the proportion of women in senior managing positions in enterprises operating in Vietnam was also ranked 2nd in Asia at 36% as stated by Grant Thornton in its 2019 Women in business report. These figures reflect the crucial role of Vietnamese women in the society and the shifting of balance of power between them and their male counterparts.

 
Source: ILO, Grant Thornton

The total revenue of Vietnam tourism industry in 2018 was calculated at USD 26,655 million (~VND 620,000 billion). The growth rate achieved 21.4%, decreased 6.1% in comparison with 2017 (27.5%).
The total quantity of tourists in 2018 also reached 95.4 million, rose 10.8% over 2017 (86.1 million).
In particular, the quantity of foreigner visitors in 2018 was more than 15.4 million, increased by 19.9% comparing to the same period last year. China and Korea are two countries have the most citizens visiting Vietnam with the quantity which are respectively 4.9 million and 3.4 million, even larger than the quantity of Europe (2 million) and America (0.9 million).
Even though the quantity of domestic tourists rose from 73.2 million to 80 million in the 2017-2018 period, the growth rate dropped fairly to 9.3% as the 2017’s rate was 18.1%.

Source: Vietnam National Administration of Tourism
Data consolidated by B&Company Vietnam

Unemployment rate (overall)
Unemployment rate of working-age labor was 2.24%, lower than the rate of 2.3% in 2016, of which it was 3.18% for the urban area; 1.78% for the rural area.
 
Underemployment rate (overall)
Underemployment rate of working-age labor = 1.62%, lower than the rate of 1.66% in 2016, of which it was 0.82% for the urban area and 2.03% for the rural area.
 
Source: General Statistics Office

Revenue
 
Total government revenues = 1,288.665 trillion dongs, of which domestic revenues = 1,032.164 trillion dongs, collecting from export and import duty = 97.018 trillion dongs and from oil = 49.5 trillion dongs.
 
Expenditure
 
Total government expenditures = 1462.965 trillion dongs, of which spending for development investment = 365.526 trillion dongs; spending for social and economic services = 907.111 trillion dongs; for activities of state management agencies, the Communist party and unions = 128.08 trillion dongs.
 
Source: General Statistics Office

 
 
GRDP in HCM 2016
 
Estimated GRDP in Ho Chi Minh City reached 1,023,926 billion VND( real value). Total investment fund in 2016 reached 310,521 billion VND( = 100.13% target)( up 9.26% from 2015).
Total retail sale and service revenue in December 2016 reached 66,039.7 billion VND(up 9.2% from last month).
Generally, in 2016, total revenue reached 682,703 billion VND( up 9.1% from 2015)
 
 
Export and Import Value in HCM
 
 
Total export value in December 2016 reached 3,219.7 million USD( up 13% from last month).
In 2016, export value reached 31,799.8 million USD( up 5.2% from 2015).
Total import value in December 2016 reached 3,692 million USD( up 0.5% from last month).
Total import value in 2016 reached 37,856.9 million USD(up 12.4% from 2015)
 

Export (Services)
 
Estimated service export turnovers in 2016 = US$ 12.3 billion (up 8.9% over 2015), of which travel services gained US$ 8.3 billion (67.3% of the total turnovers and up 12.2%);
transport services achieved US$ 2.4 billion (20% and up 0.7%).
 
Import (Services)
 
Estimated service import turnovers in 2016 = US$ 17.7 billion (up 7% from 2015),
of which transport services imports gained US$ 8.9 billion (50.6% of the total turnovers and up 3.8%);
travel services obtained US$ 4.5 billion (25.4% and up 27.9%).
Trade deficit of services in 2016 was US$ 5.4 billion, equaling 44.1% of service import turnovers.
 
Source: General Statistics Office