In 2025, oil and gas activities declined by 2.54%, pulling the city’s overall GRDP down by 0.5 percentage points. “Including oil and gas in HCMC’s GRDP would misrepresent the effectiveness of the city’s governance,” Hoang explained. For example, Cao Bang’s GRDP is about 14 trillion VND (~571 million USD), Dien Bien’s is around 17 trillion VND (~694 million USD), and Lai Chau’s is about 16 trillion VND (~653 million USD). In addition, total social investment is expected to reach about 880 trillion VND (approximately 35.9 billion USD) in 2026, up from 705 trillion VND (~28.8 billion USD) in 2025. In 2021, its average GRDP per capita reached 12,154 USD (including oil) and about 7,141 USD (excluding oil).

Source: VietNamNet News January 08, 2026 08:20 UTC