Da Nang Economy Rebounds in Q1 2026 with 8.45% GRDP Growth

The figures signal a positive turnaround for the central Vietnamese city despite ongoing global economic uncertainties.

The growth reflects the early effectiveness of measures aimed at stimulating production, boosting consumption, accelerating public and private investment, laying a crucial foundation for achieving higher growth targets for the full year.

The service sector remained the primary driver, contributing 5.25 percentage points to the overall increase. Industry and construction followed with 2.72 percentage points, while agriculture, forestry, and fisheries added 0.22 percentage points. This structure underscores Da Nang’s continued transition toward a service-oriented economy, with tourism, retail, and related activities playing a central role.

In terms of scale, the city’s economy reached an estimated VND75.6 trillion (approximately $3 billion) in current prices during the quarter, an increase of more than VND 8 trillion compared to the same period last year.

The service sector recorded the largest expansion, followed by industry and construction, highlighting broad-based growth across key sectors.

Retail and consumer services maintained strong momentum. Total retail sales and service revenue rose by 16.2% year-on-year to VND66.15 trillion, while wholesale trade increased by 13.1%.

The rebound in domestic demand, coupled with a gradual recovery in tourism, contributed significantly to these gains.

Industrial production also showed encouraging signs, with the index of industrial production (IIP) rising by 12.1% compared to a year earlier.

Meanwhile, construction activity surged, with output value reaching an estimated VND14 trillion, up 20.2% year-on-year, reflecting the acceleration of infrastructure and real estate projects.

Agriculture, forestry, and fisheries remained stable, maintaining planned production schedules and ensuring supply continuity.

Da Nang ranked 17th out of 34 localities nationwide in terms of growth rate, second among six provinces and cities in the South Central Coast region, and third among centrally governed cities.

The city’s economic scale accounted for approximately 21.7% of the regional GRDP and 2.4% of Vietnam’s national GDP.

Overall, the first-quarter performance points to a resilient recovery path for Da Nang, driven by services, supported by industry and construction, and underpinned by stable fiscal conditions.

As Da Nang continues to navigate external uncertainties, sustaining this momentum will be key to meeting its ambitious development goals in 2026.