Hanoi - Comprehensive overview of the city, PEST analysis and analysis of key industries including technology, tourism and hospitality, construction and retail
Summary
“City Profile - Hanoi” provides historical and forecast data on key city level metrics along with analytical coverage of the latest political, economic, social, technological, infrastructural, legal and environmental issues affecting Jerusalem.
The report contains detailed tourism, retail, construction, technology and public infrastructure data and insight into economic, social, and industry trends.
Hanoi, Vietnam’s capital, is a resilient economic and industrial hub-contributing 12.4% of national GDP in 2025-strengthening its position as a leading FDI destination as investment shifts toward higher-value, innovation- and sustainability-oriented activities alongside continued urban development. The economy expanded by 8.1% in real terms in 2025 (up from 6.5% in 2024), with services as the main growth engine and stronger industry-construction momentum; nominal GDP rose to VND1,592.8 trillion ($61.3bn) and is projected to reach VND3,352.3 trillion ($109.2bn) by 2035 as real GDP growth averages 6.0% in 2026-35. Services dominate both output and jobs (71.2% of GVA and 59.5% of employment in 2025), while the labor market remains tight with 1.8% unemployment in 2025, expected to edge down to 1.7% by 2035
Scope
“City Profile - Hanoi” provides historical and forecast data on key city level metrics along with analytical coverage of the latest political, economic, social, technological, infrastructural, legal and environmental issues affecting Jerusalem.
The report contains detailed tourism, retail, construction, technology and public infrastructure data and insight into economic, social, and industry trends.
Hanoi, Vietnam’s capital, is a resilient economic and industrial hub-contributing 12.4% of national GDP in 2025-strengthening its position as a leading FDI destination as investment shifts toward higher-value, innovation- and sustainability-oriented activities alongside continued urban development. The economy expanded by 8.1% in real terms in 2025 (up from 6.5% in 2024), with services as the main growth engine and stronger industry-construction momentum; nominal GDP rose to VND1,592.8 trillion ($61.3bn) and is projected to reach VND3,352.3 trillion ($109.2bn) by 2035 as real GDP growth averages 6.0% in 2026-35. Services dominate both output and jobs (71.2% of GVA and 59.5% of employment in 2025), while the labor market remains tight with 1.8% unemployment in 2025, expected to edge down to 1.7% by 2035
Scope
- Hanoi strengthened its global tourism profile in 2025-ranking among the world’s top 50 most attractive tourist cities and winning major World Travel Awards-supported by night tourism, community-based initiatives, and high resident satisfaction.
- Tourism surged in 2025 to 33.7 million visitors (+20.9% YoY), including 7.8 million international arrivals (+22.8%), generating VND134.5 trillion ($5.2bn); 2026 targets (35.8 million total; 8.6 million international) will require brand repositioning and product innovation to lift spending and length of stay amid rising competition.
- Urban development remains a major growth engine: construction contributed 9.3% of GVA in 2025 (VND132.5 trillion), alongside a revised housing plan to 2030 prioritizing green/smart growth (255 million m? housing, 144,000 social units, 2,000+ old buildings to renovate) and large-scale projects such as Bac Thang Long Urban City and a planned $35bn Olympic sports urban area.
- Gain a comprehensive knowledge of future economic and demographic trends and understand the performance of various sectors within the city.
- Analyze and understand the business environment in the city to align your investment and expansion strategies.
- The report helps to drive a conclusion in choosing a suitable city to invest or expand according to your business structure.
- Explore new opportunities in the hospitality, tourism, construction, real estate and retail sectors.
City Snapshot
PEST Analysis
Political
Economic
Social
Technology and Infrastructure
Communications
Internal Transport Networks
Connectivity
Airport
Business Environment Analysis
Travel and Tourism
Tourism Flows
Hotels
Attractions
Events
Construction and Real Estate
Investment
Real Estate Market
Retail
Retail Market
Consumption, Income and Prices
About MarketLine
Contact Us
PEST Analysis
Political
Economic
Social
Technology and Infrastructure
Communications
Internal Transport Networks
Connectivity
Airport
Business Environment Analysis
Travel and Tourism
Tourism Flows
Hotels
Attractions
Events
Construction and Real Estate
Investment
Real Estate Market
Retail
Retail Market
Consumption, Income and Prices
About MarketLine
Contact Us
LIST OF TABLES
Table 1: Hanoi city - key facts (estimates), 2025
Table 2: HANOI metropolitan area- real GDP and real GDP growth, 2000-35
Table 3: HANOI metropolitan area- economic growth comparison (Index 2015=100), 2000-35
Table 4: HANOI metropolitan area- GDP per capita comparison, 2000-35 ($)
Table 5: HANOI metropolitan area- employment structure, 2000-35 (% of total)
Table 6: Hanoi metropolitan area- population comparison, 2000-35 (million)
Table 7: Hanoi metropolitan area- population by age, 2000-35 (% of total)
Table 8: Hanoi city - tourist arrivals, 2020-25 (million)
Table 9: Hanoi city - UNESCO World Heritage sites
Table 10: Hanoi city - MICE and other events
Table 1: Hanoi city - key facts (estimates), 2025
Table 2: HANOI metropolitan area- real GDP and real GDP growth, 2000-35
Table 3: HANOI metropolitan area- economic growth comparison (Index 2015=100), 2000-35
Table 4: HANOI metropolitan area- GDP per capita comparison, 2000-35 ($)
Table 5: HANOI metropolitan area- employment structure, 2000-35 (% of total)
Table 6: Hanoi metropolitan area- population comparison, 2000-35 (million)
Table 7: Hanoi metropolitan area- population by age, 2000-35 (% of total)
Table 8: Hanoi city - tourist arrivals, 2020-25 (million)
Table 9: Hanoi city - UNESCO World Heritage sites
Table 10: Hanoi city - MICE and other events
LIST OF FIGURES
Figure 1: HANOI metropolitan area- real GDP and real GDP growth, 2000-35
Figure 2: HANOI metropolitan area- economic growth comparison (Index 2015=100), 2000-35
Figure 3: HANOI metropolitan area- GDP per capita comparison, 2000-35
Figure 4: HANOI metropolitan area- employment structure, 2000-35 (% of total)
Figure 5: Hanoi metropolitan area- population comparison, 2000-35
Figure 6: Hanoi metropolitan area- population by age, 2000-35 (% of total)
Figure 1: HANOI metropolitan area- real GDP and real GDP growth, 2000-35
Figure 2: HANOI metropolitan area- economic growth comparison (Index 2015=100), 2000-35
Figure 3: HANOI metropolitan area- GDP per capita comparison, 2000-35
Figure 4: HANOI metropolitan area- employment structure, 2000-35 (% of total)
Figure 5: Hanoi metropolitan area- population comparison, 2000-35
Figure 6: Hanoi metropolitan area- population by age, 2000-35 (% of total)
