Da Nang city's GRDP in the first quarter of 2025 increased by 11.36%, the highest among 6 centrally-run cities.

DNO - According to the socio-economic situation report for March and the first quarter of 2025 of the Da Nang City Statistics Office, the total regional product (GRDP) in the first quarter of 2025 is estimated to increase by 11.36% over the same period in 2024.

The service sector continues to be a major contributor to the city's economic growth. In the photo: A corner of Sun World Ba Na Hills tourist area. Photo: M.QUE

Thus, Da Nang's GRDP growth rate ranks first among provinces and cities in the Central key economic region and the block of centrally-run cities, ranking 4th out of 63 provinces and cities nationwide.

The scale of the city's economy in the first quarter of 2025 at current prices is estimated to reach more than VND 38,935 billion, an increase of VND 5,213 billion compared to the same period in 2024. Of which, the scale of added value in the service sector expanded the most with VND 3,493 billion; the industrial - construction sector expanded by VND 1,191 billion; the agricultural, forestry and fishery sector expanded by VND 21 billion and product tax minus product subsidies increased by VND 507 billion.

Regarding the economic scale structure, the service sector accounts for 70.97% of the GRDP structure; the industrial - construction sector accounts for 17.72%; product taxes minus product subsidies account for 10.04%; the agricultural, forestry and fishery sector accounts for 1.27%.

The growth of added value of the entire service sector in the first quarter of 2025 is estimated at 10.07% over the same period in 2024, contributing 7.16 percentage points to the GRDP growth of the entire city's economy.

Total retail sales of goods and consumer service revenue is estimated at VND37,530 billion, up 24% over the same period last year, of which retail sales of goods increased by 19.3%; accommodation and catering services increased by 21.1%, tourism (after deducting household expenses) increased by 20%, other services increased by 42.3% over the same period last year.

Total import and export turnover of goods is estimated at 803 million USD, up 5.7% over the same period in 2024, of which: goods export is estimated at 463 million USD, up 3%; goods import is estimated at 340 million USD, up 9.7%. The trade balance of goods in the first 3 months of 2025 continues to maintain a trade surplus of 123 million USD.

Industrial production activities continued to record positive results, the added value of both the industrial and construction sectors in the first quarter of 2025 is estimated to increase by 17.6%, contributing 3.06 percentage points to the GRDP growth of the entire economy.

In particular, the industrial sector continued to recover strongly, contributing positively to the growth of the whole industry with an increase of 9.51%, contributing 1.22 points. In particular, the construction sector maintained a clear transformation since the fourth quarter of 2024 and achieved an increase of 39.96% in the first quarter of 2025, contributing 1.85 percentage points to the GRDP growth.

Total state budget revenue in the area as of March 25, 2025 is estimated to reach VND 8,290 billion, an increase of 31% over the same period in 2024. Of which, central budget revenue is VND 1,661 billion, local budget revenue is VND 6,629 billion.

Total state budget expenditure in the area as of March 25, 2025 reached VND 9,827 billion, an increase of 11.3% over the same period in 2024. Of which, development investment expenditure reached VND 4,049 billion, accounting for 41.2% of total expenditure, down 3% over the same period in 2024. Regular expenditure activities were nearly VND 5,766 billion, an increase of 24.1% over the same period last year.

Total social investment capital in the first quarter of 2025 is estimated at VND 9,773 billion, up 43.3% over the same period last year; of which: State capital is estimated at VND 2,352 billion, accounting for 24.1% of total investment capital and up 23.7% over the same period last year; non-State capital is VND 5,877 billion, accounting for 60.1% of total investment capital and up 44.5%; Foreign Direct Investment (FDI) capital is VND 1,544 billion, accounting for 15.8% of total investment capital and up 80.5% over the same period last year.

CINNAMON

Source: http://baodanang.vn/kinhte/202504/grdp-thanh-pho-da-nang-quy-1-2025-tang-1136-cao-nhat-6-thanh-pho-truc-thuoc-trung-uong-4003094/