The merger of provinces not only brings efficiency in administrative management, but also opens up new development space with increasing population, area and resources. From there, many localities can take advantage of the opportunity to restructure their socio-economic development strategy, invest in infrastructure, promote domestic and foreign investment attraction, and at the same time improve competitiveness on the national map. Below are 10 leading provinces/cities in terms of socio-economic indicators after the merger. These localities are gradually asserting their leading role in regional development and becoming attractive destinations in the eyes of strategic investors.

List of Top 10 provinces and cities leading in socio-economic development after the merger:

1. Ho Chi Minh City (including Binh Duong, Ba Ria – Vung Tau): National economic locomotive

Ho Chi Minh City, merged with Binh Duong and Ba Ria – Vung Tau, leads the country with GRDP 2024 reaching VND 2,715,511 billion and a population of 13.46 million people. As a financial, industrial and service center, this city marked with consumer service revenue of VND 1,509,467 billion and accumulated FDI capital from 1988 up to USD 137,931.35 million. The rate of wanting to reside at 21.68% – the highest in the country – reflects the attractiveness of the megacity, where luxury apartments in Ho Chi Minh City and land plots near Binh Duong industrial park have become the focus of sustainable profitable investment.

2. Ha Noi: Capital of power and vision

Hanoi, with a population of 8.58 million people and a GRDP of VND 1,426,000 billion in 2024, shows financial strength through budget expenditure of VND 165,255 billion in 2023 (ranking first in the country) and realized investment capital of VND 496,518,000 million. With a population density of 2,555.84 people/km² and a PCI of 68.38, Hanoi is a center of sustainable growth thanks to the combination of industry, high-quality services and smart urbanization.

3. Hai Phong (Including Hai Duong): International gateway of logistics

Hai Phong, merged with Hai Duong, achieved a GRDP of VND 658,381 billion and a newly registered FDI capital of USD 2,538.57 million in 2023. PCI 72.16 – ranked 2nd in the country (after Quang Ninh) – affirming the ideal investment environment for the logistics and seaport industry. With a population of 4.06 million people and a density of 1,305.62 people/km², Hai Phong City has the potential to become a bright spot in the global supply chain, with a strong rebound from industrial parks, international seaports and dynamic consumer markets.

4. Dong Nai (including Binh Phuoc): The industrial heart of the Southern region

Dong Nai, after merging with Binh Phuoc, marked with a GRDP of VND 609,176 billion, a population of 4.35 million people and 2,435.1 thousand workers over 15 years old, ensuring abundant human resources for industrial parks. The realized investment capital is 143,384,531 million VND and accumulated FDI of 42,903.71 million USD since 1988, with an area of 12,737.2 km², turning the locality into a hotspot for land plots near Long Thanh airport and urban projects near industrial parks.

5. Thanh Hoa: The bright star of the Central region

Thanh Hoa, with a GRDP of VND 318,752 billion and a population of 3.73 million people, made a breakthrough thanks to the realized investment capital of VND 132,870,506 million and consumer service revenue of VND 173,474 billion. PCI 68.74 and population density of 336.45 people/km² create conditions for industrial projects in Nghi Son economic zone and Sam Son coastal tourism, where resort real estate and land near industrial parks are becoming attractive investment options..

6. Bac Ninh (including Bac Giang): The technology capital of the North

Bac Ninh, combined with Bac Giang, achieved GRDP of VND 401,462 billion, population of 3.44 million people and 1,797.5 thousand workers over 15 years old, serving the electronics industry. Newly registered FDI capital is 2,618.82 million USD, accumulated 37,247 million USD since 1988, and PCI 69.2, strengthening the attraction with corporations such as Samsung. The population density of 734.66 people/km² promotes urbanization, creating opportunities for land near Yen Phong industrial park and housing for workers.

7. Phu Tho (including Hoa Binh, Vinh Phuc): Vitality from the ancestral land

Phu Tho, after the merger, achieved a GRDP of 352,620 billion VND, population of 3.62 million people, with an investment capital of 122,146,743 million VND and consumer service revenue of 160,842 billion VND. The area of 9,360.9 km² and PCI 67.2 open up the potential for spiritual tourism at Hung Temple and industrial parks in Vinh Phuc, where land near new urban areas and resort projects is attracting long-term investors.

8. Ninh Binh (Including Ha Nam, Nam Dinh): A tourism gem

Ninh Binh, with a GRDP of VND 268,301 billion and a population of 3.79 million people, shines thanks to the revenue of travel services of VND 90,712 million and consumer services of VND 195,381 billion. The population density of 961.34 people/km², combined with heritage sites such as Trang An and Tam Coc, promotes tourism and demand for resort real estate. PCI 68.19 ensures a stable investment environment, making land near tourist areas or homestay projects a highly profitable option.

9. Da Nang (including Quang Nam): A livable city

Da Nang, merged with Quang Nam, achieved a GRDP of 280,307 billion VND, a population of 2.77 million people, with a residential rate of 11.34% – the 3rd highest in the country – affirming the title of “livable city”. Travel service revenue of 3,700,219 million VND and low population density of 233.68 people/km² create space for sustainable coastal and urban resort projects.

10. Hung Yen (Including Thai Binh): Breakthrough potential

Hung Yen (including Thai Binh), with a GRDP of 231,184 billion VND and a population of 3.18 million people, stands out thanks to newly registered FDI of 2,542.36 million USD and realized investment capital of 127,547,363 million VND. PCI 69.03 and population density of 1,265.93 people/km², together with convenient transport links to Hanoi, promote industrial parks such as Pho Noi and new urban projects, where land near industrial parks and low-cost housing bring stable profits.

Conclusion

Administrative mergers not only expand the size of territory and population, but also create conditions to promote comparative advantages and promote socio-economic restructuring. The 10 leading provinces and cities in socio-economy after the merger are becoming the “new locomotive” in terms of attracting FDI, expanding the consumer market and developing diversified real estate: from industrial parks, satellite urban areas to resorts and smart cities. With a strategic vision, investors need to keep a close eye on these regions – as these are the destinations of large capital flows in the next decade.

The above is an overview of the article “10 Localities Leading in Socio-Economic Indicators After Merger” provided by Sen Vàng Group. We hope this information provides investors, developers, and real estate businesses with a broad perspective on the development potential of the property market. For more articles and insights on project development consultancy, please visit our website: senvangdata.com.vn/.

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