Top 10 Provinces and Cities with the Highest Per Capita Income in Vietnam

Since the beginning of 2022, Dong Nai has implemented strategies to meet its economic and social development targets. The province expects its GRDP to grow by 6.5-7% compared to 2021, with per capita GRDP reaching 125 million VND. The province will follow government directives to devise appropriate solutions. Dong Nai is one of the leading regions in the country for industrial production, attracting foreign direct investment (FDI), exports, state budget revenue, and rural development. In 2021, despite the severe impacts of the COVID-19 pandemic, many economic indicators still met or exceeded the set targets.

In 2022, Dong Nai set six key economic targets, including GRDP growth, per capita income, export growth, attracting social investment capital, budget revenue, and advancing rural development. Director of the Department of Planning and Investment, Ho Van Ha, stated, “Effective COVID-19 prevention will help ease the recovery of production and business. Additionally, the province will work with ministries to quickly complete high-impact transportation projects that connect regions, utilizing public investment to guide private sector investment. Streamlining procedures related to investment, land, and construction will create favorable conditions for businesses to implement projects.”

Dong Nai achieves 5.75 million VND per person per month

According to reports, the average income per capita in 2021 in Da Nang was 5.23 million VND per person per month, ranking 5th in the country (after Binh Duong, Ho Chi Minh City, Hanoi, and Dong Nai). Da Nang ranked first in per capita income in 2021 among the North Central and Central Coastal regions. In the structure of average monthly income, 61.8% came from wages and salaries, 24.6% from non-agricultural, forestry, and fisheries sectors, 1.2% from agriculture, forestry, and fisheries, and 12.3% from other sources. Compared to 2020, Da Nang's ranking in per capita income increased by one place.

The service sector has grown rapidly and continuously, with a wide range of service industries. Tourism has been heavily invested in and is beginning to establish itself as a nationally and regionally recognized tourism hub with international competitiveness. The goal of “No special poverty households” has been mostly achieved. The poverty reduction program for the 2009-2015 period was completed three years ahead of schedule, and the 2013-2017 period finished two years ahead of plan. By the end of 2015, there were no more poor households based on the city’s poverty criteria. The city has successfully implemented programs like “5 No’s,” “4 Security,” areas “without school dropouts due to financial hardship,” “without homeless beggars,” and “without drug addicts in the community.”

Da Nang achieves 5.23 million VND per person per month

As a key economic hub in the Red River Delta and the growth engine of the Northern coastal region, Hai Phong is aiming for a strong leap, to become a modern, smart, and sustainable industrial city of regional significance. Hai Phong has set ambitious goals for the period of 2021-2025, targeting an annual GDP growth rate of at least 14.5%, a per capita income of $11,800 by 2025, and a budget revenue of 145,000 billion VND. The city aims to contribute 6.4% to the national GDP and 23.7% to the GDP of the Northern Key Economic Region; eliminate poverty according to national standards, and keep the urban unemployment rate below %.

Hai Phong is aiming to become a first-tier city by 2025, completing its industrialization and modernization process, and positioning itself as the country's key maritime economic zone, the national logistics service hub, as well as a center for research and application of marine science and technology. Hai Phong plans to develop Cat Ba and Do Son alongside Ha Long into internationally recognized tourist destinations. By 2025, the city aims to move its administrative center to the northern bank of the Cam River and build an efficient and streamlined urban governance model.
Hai Phong achieves 5.09 million VND per person per month

After 25 years of re-establishment, Bac Ninh has transformed from a purely agricultural province with underdeveloped infrastructure into an economic powerhouse, experiencing rapid economic growth. The province’s economic structure has shifted towards industrialization and modernization, making Bac Ninh a major growth engine for both the capital region and the Northern economic zone. The province’s economy ranks 8th out of 63 provinces and cities in Vietnam. In 2021, the GRDP (at constant prices) reached 133.6 trillion VND, 23.8 times higher than in 1997, accounting for 2.71% of the national GDP, with a 6.9% increase over 2020. Per capita GRDP reached 155.6 million VND.

Bac Ninh has become an industrial province, adopting various flexible mechanisms and policies that have accelerated the transformation of its economic structure. From 1997 to 2021, the province achieved an average annual growth rate of 13.9%. Bac Ninh has not only contributed to the economic growth of the Northern key economic region and the capital area but also made significant contributions to national economic growth. Looking ahead to 2030, the province aims to become a modern industrial city with high-tech industries, a key hub for commerce, services, education, healthcare, and scientific research. It will serve as a driving force for the economic growth of the Northern key economic region, the capital region, and the entire country.

Bac Ninh achieves 4.91 million VND per person per month

Can Tho City covers a total area of 1,400 km², consisting of 9 districts (5 urban districts and 4 rural districts) with a population of over 1.2 million people (as of April 2019). It serves as a major transportation hub, connecting road, waterway, maritime, and air routes both domestically and internationally. Can Tho is located 170 km from Ho Chi Minh City via National Highway 1, with distances to other provinces ranging from 60 to 190 km. Unlike many other areas in the region, Can Tho has flat terrain and a reliable supply of fresh water year-round.

According to preliminary data from the Can Tho Institute of Economics and Social Studies (July 2021), Can Tho ranks 12th out of 63 provinces in the Provincial Competitiveness Index (PCI). Its Gross Regional Domestic Product (GRDP) ranks 4th among the 13 provinces in the Mekong Delta region (following Long An, Tien Giang, and Kien Giang) with 89.247 trillion VND. The economic structure is as follows: Agriculture, forestry, and fisheries account for 9.44%; Industry and construction make up 30.64%; and Commerce and services comprise 52.32%.

Can Tho has demonstrated stable economic growth, though in 2021, like the rest of the country, its economy was heavily impacted by the COVID-19 pandemic. The Can Tho Statistics Bureau reported a 2.79% decline in GRDP compared to 2020. Within this, agriculture, forestry, and fisheries grew by 1.12%, industrial and construction sectors shrank by 10.7%, services increased by 0.79%, and product tax after subsidies fell by 0.16%. By December 20, 2021, the total state budget revenue reached 12,940.5 billion VND, fulfilling 70.35% of the target.

Can Tho achieves 4.79 million VND per person per month

According to the 2021 household living standards survey recently released by the General Statistics Office, Vinh Phuc's average income per person per month in 2021 was 4.51 million VND, ranking 9th nationwide. This result underscores Vinh Phuc's strong position in attracting investment, industrial development, environmental protection, and ensuring social welfare while continuously improving the material and spiritual lives of its people. Over recent years, the province has implemented many timely, reasonable, and decisive policies, focusing on utilizing both internal and external resources to drive economic development.

Notably, Vinh Phuc has successfully introduced and executed a new approach to economic-social development, which is not based on ideologies but grounded in scientific principles. The province views agriculture, rural development, and improving farmers' lives as particularly crucial, while positioning industry as the foundation for rapid growth, creating new jobs, reducing agricultural labor, and modernizing agriculture and rural areas to enhance people's lives. The development of industry is expected to generate more revenue to meet investment needs, reinvest in economic growth, and support agriculture and rural development. The province is also focused on expanding the service sector, with tourism as a key area to leverage its natural resources.

Vinh Phuc achieves 4.51 million VND per person per month

While Binh Duong has a higher GRDP than Ba Ria - Vung Tau, its larger population results in a lower per capita income based on GRDP. According to the General Statistics Office's report on Vietnam's Human Development Index (HDI) for the 2016-2020 period, Ba Ria - Vung Tau topped the country in per capita GRDP (income index). This province consistently ranked highest for income levels due to the significant contributions of oil and gas companies based there.

Although the profits from oil and gas extraction typically belong to the central government or other nations, the value generated from these resources within the province's territory is counted towards Ba Ria - Vung Tau's GRDP. In 2020, oil and gas extraction contributed 36.7% of the province's GRDP. In contrast, Binh Duong, which has many industrial zones and foreign-invested enterprises, has a higher overall GRDP. However, with a population 2.3 times larger than Ba Ria - Vung Tau, its per capita GRDP, and therefore income, is lower.

Ba Ria - Vung Tau reaches 4.41 million VND per person per month

Specifically, Binh Duong achieved a per capita income of 7.12 million VND per month, surpassing both Ho Chi Minh City (6.008 million VND) and Hanoi (6 million VND). Binh Duong's consistently high per capita income reflects the province's economic and social development achievements. The Binh Duong People's Committee reported that recent years have seen a noticeable shift in the economic structure, with industry now accounting for 66.59% of the economy, up from 64% in 2005. The agricultural sector has decreased from 8.37% to 3.17%, while the service sector dropped from 28.08% to 22.32%.

In 2022, the economy of Binh Duong showed positive recovery, with quarterly GRDP growth rates of 5.3% in Q1 and 8.35% in Q2 compared to the same periods in 2021. Export turnover is expected to reach 19.181 billion USD, a 10% increase from the previous year, while import turnover is projected at 12.792 billion USD. The province continues to maintain a trade surplus of nearly 6.4 billion USD.

A key highlight for Binh Duong is its attraction of foreign direct investment (FDI). In the first half of the year, FDI inflows reached 2.527 billion USD, achieving 140% of the target and a 91% increase compared to the same period in 2021. As of now, the province hosts 4,053 FDI projects with a total registered capital of 39.56 billion USD. These economic factors contribute to Binh Duong’s consistently high per capita income.

Binh Duong reaches 7.12 million VND per person per month

The labor market in Vietnam showed signs of recovery in the third quarter, as unemployment rates dropped significantly and the workforce size increased. According to data from the General Statistics Office, the average income of workers in the past 9 months reached 6.6 million VND. In Ho Chi Minh City, the average income in Q3-2022 increased by 60.3%. Compared to the same period in 2019, before the Covid-19 pandemic, workers’ living standards have returned to a new normal and are more stable. The average income in Q3/2022 rose by 14.5% (an increase of about 854,000 VND).

In the first 9 months of the year, the average income of workers was 6.6 million VND (up by 727,000 VND from the previous year). Workers in Ho Chi Minh City experienced the highest income growth, reaching 9.2 million VND (a 60.3% increase compared to the same period last year). Compared to 2021, workers in the industrial and construction sectors earned an average of 7.7 million VND (a 31.9% increase, approximately 1.9 million VND more); workers in the services sector earned an average of 8 million VND (a 29.4% increase, about 1.8 million VND more); and those in agriculture, forestry, and fisheries earned 3.9 million VND (a 16.6% increase, around 558,000 VND more).

Ho Chi Minh City reaches 6.6 million VND per person per month

After 17 years of implementing Resolution No. 54-NQ/TW, Hanoi has made significant and comprehensive progress across various economic and social sectors, contributing positively to the overall development of the Red River Delta and the entire country. In 2010, Hanoi's per capita income ranked 3rd among the 63 provinces and cities, with an average income exceeding 2 million VND per month. Overall, between 2010 and 2021, the city's per capita income steadily rose, peaking in 2019 when it more than tripled compared to 2010, reaching over 6.4 million VND per person per month, ranking 3rd nationwide.

However, in 2020, due to the severe impact of the COVID-19 pandemic, Vietnam's economy saw a significant decline in both labor force participation and employment, which led to a drop in workers' income. That year, Hanoi's average income per capita decreased to just over 6.2 million VND per month, and in 2021, it further declined by 200,000 VND, falling to just above 6 million VND. Despite this, Hanoi maintained its position as the third-highest income city in the country for 12 years from 2010 to 2021, with a brief rise to second place in 2014.

Hanoi reaches 6 million VND per person per month