As Viet Nam’s economic hubs, the centrally-governed cities of Ha Noi, Ho Chi Minh City, Da Nang, Hai Phong and Can Tho have played a leading role in fostering socio-economic development in their regions.  These cities saw remarkable achievements in their industrial and trading sectors last year, and over the first 6 months of this year.  This has helped to accelerate the progress of these cities and the country as a whole.

The 5 cities maintained reasonable industrial production growth last year and over the first 6 months of this year.  In particular, Da Nang has seen increases in its industrial production value of 10.7% last year and 10.5% over the first half of this year.  The cities’ major industrial products include rubber, beer, cables, electrical equipment, electronic components, textiles and garments, cement, and leather and footwear.

Da Nang focuses on increasing trade promotions through the opening of trade fairs

Over the first half of this year, the total value of retail sales of goods and services in the 5 cities reached over 623 trillion VND, an increase of 12.5% compared with the same period last year, and accounting for 43.3% of Viet Nam’s total.   Meanwhile, the majority of people across the country accessed sufficient supplies of essential goods from their cities.  This helped to stabilise market prices, prevent scarcities of goods forcing prices up, and ensure local social welfare.  During the review period, the total exports from just these 5 cities accounted for nearly 40% of the national total.  Most notably, Da Nang’s total export revenues rose by 10.1 % year-on-year.