According to the Hanoi Statistics Office, the performance reflects the city’s effective and timely policy measures amid ongoing global economic uncertainties.

The services sector remained the main growth driver, expanding 8.21% and contributing 5.74 percentage points to overall growth. The industry and construction sector grew 7.55%, while agriculture, forestry, and fisheries increased by 3.73%.

State budget revenue reached an estimated VND255 trillion, fulfilling 39.2% of the annual target. Public investment disbursement accelerated significantly, with locally managed state investment rising 47.4% to VND20.9 trillion.

Industrial production showed continued recovery, with the Industrial Production Index (IIP) up 8.5% in Q1. Total trade turnover reached US$16.5 billion, up 10.4%, reflecting improving domestic demand and production activity.

Retail sales and consumer service revenue climbed 11.2% year on year to VND252 trillion, while average consumer price index (CPI) increased 4.29%, remaining under control.

Hanoi attracted US$478.9 million in foreign direct investment (FDI) in Q1 2026. The city has intensified efforts to improve the investment climate through digital transformation, including full digitisation of investment licensing procedures and removal of administrative bottlenecks.

These measures are enhancing Hanoi’s appeal to high-quality investment, particularly in high-tech and environmentally friendly sectors, supporting a transition toward sustainable and modern economic growth.

Hanoi's growth holds firm despite fuel price pressures

Hanoi’s economy expanded 7.87% in the first quarter of 2026, one of the strongest growth rates in recent years, despite mounting pressures from rising global fuel prices and trade uncertainties.