Da Nang GRDP grows 10.31%, FDI nearly triples
DNO - Da Nang’s economy expanded by 10.31% in the first nine months of 2026, supported by strong growth in services and industry-construction, while foreign and domestic investment increased significantly.
Da Nang’s gross regional domestic product (GRDP) grew by an estimated 10.31% year on year in the first nine months of 2026, accelerating to 11.83% in the third quarter, according to the Da Nang Statistics Office.
The city’s GRDP at current prices reached an estimated VND264.6 trillion, while total social investment amounted to approximately VND88 trillion, up 42.25% from the same period in 2025.
Growth accelerated from 9.31% in the first quarter to 9.66% in the second quarter and 11.83% in the third quarter, reflecting stronger economic momentum towards the end of the reporting period.
Da Nang ranked seventh among Vietnam’s 34 provinces and centrally governed cities for GRDP growth in the third quarter and ninth for the nine-month period. It led the South Central Coast region in the third quarter and ranked second for the first nine months. Among centrally governed cities, it ranked third in both periods.
Services and industry sustain growth momentum
Services and industry-construction remained the main drivers of economic expansion. In the first nine months, services grew by 10.55%, while industry and construction increased by 11.43%.
Agriculture, forestry and fisheries rose by 3.42%, while taxes on products less subsidies increased by 11.16%. Services accounted for 54.93% of the city’s economic structure, followed by industry and construction at 26.46%, agriculture, forestry and fisheries at 7.28%, and taxes on products less subsidies at 11.33%.
Market-oriented services recorded particularly strong growth. Accommodation and food services rose by 14.52%, transportation and storage by 13.75%, wholesale and retail trade by 12.08%, and administrative and support services by 11.69%.
Construction expanded by 22.26%, while industrial output grew by 8.84%. Manufacturing increased by 10.78%, outperforming the overall industrial sector. Water supply, waste management and wastewater treatment rose by 5.83%, while electricity, gas, steam and air-conditioning supply increased by 2.97%.
Mining and quarrying contracted by 40.75%. In the third quarter, services and industry-construction contributed a combined 10.26 percentage points to GRDP growth, compared with 8.78 percentage points over the first nine months, underscoring their stronger contribution during the quarter.
FDI rises nearly threefold as domestic investment expands
Foreign direct investment (FDI) reached US$681.55 million in the first nine months of 2026, approximately 2.87 times the level recorded in the same period of 2025.
The city licensed 100 new FDI projects with combined registered capital of US$522.2 million, compared with US$145.7 million in registered capital for newly licensed projects a year earlier. Da Nang now has 1,162 FDI projects with total registered capital of approximately US$11.28 billion.
Domestic investment also recorded substantial growth. Registered investment capital reached VND185.76 trillion, up 183.8% year on year, or approximately 2.84 times the level recorded in the same period last year.
The city licensed 66 new domestic investment projects with combined registered capital of VND96.084 trillion, more than 2.1 times the year-earlier figure.
Business registration also remained positive. Da Nang issued new registration certificates to 5,305 enterprises, branches and representative offices, with total registered charter capital exceeding VND33 trillion. The number of registrations increased by 8.27%, while registered capital rose by 35.65%.
A further 2,008 enterprises, branches and representative offices resumed operations, up 0.35%. The city currently has 63,414 enterprises, branches, representative offices and business locations operating across its territory.
Tourism and logistics underpin future development
Tourism promotion remained a priority, particularly during the summer peak season. The city intensified multichannel communications and destination marketing under the message “Return to the Origins”, alongside major events and festivals.
Initiatives included the “Top 100 Da Nang Touchpoints” program, the “Local towards Global” campaign promoting Hoi An lanterns, and the “Every Resident Is a Tourism Ambassador” feature series.
Truong Thi Hong Hanh, Director of the municipal Department of Culture, Sports and Tourism, said the city would organize distinctive tourism events and festivals towards the end of the year to attract more visitors.
Plans include large-scale artistic productions with international ambitions and further development of tourism products in Hoi An Ancient Town, the My Son Sanctuary and the Cu Lao Cham World Biosphere Reserve, under the brand “One Green Destination - Three World-Class Experiences”.
Logistics is another priority. Le Thi Kim Phuong, Director of the municipal Department of Industry and Trade, said the department would develop a plan for Da Nang Logistics Exhibition 2027 to promote investment, connect businesses and showcase the city’s logistics infrastructure and services.
Other priorities include attracting major logistics companies and cargo flows, advancing digital transformation, strengthening regional connectivity, developing the workforce and expanding international cooperation.
Tran Thi Thanh Tam, Director of the municipal Department of Finance, said Da Nang is striving to achieve its 2026 growth target of 11.22%, as set out in Government Resolutions No. 168/NQ-CP and No. 169/NQ-CP, both dated June 27, 2026.