Forecast: Population in Urban Agglomerations of More Than 1 Million in Viet Nam

As of 2023, the population in urban agglomerations of more than 1 million in Vietnam stood at 19.083 million people. The year-on-year variation has been showing a steady yet diminishing increase, with the growth rate decreasing from 4.33% in 2018 to 3.14% by 2023. Over the past five years (2019-2023), the compound annual growth rate (CAGR) averaged 3.39%, indicating a modest expansion in urban populations.

The forecasted data suggests a continuation of this trend, with the population expected to reach 21.906 million by 2028. The forecasted five-year CAGR is 2.19%, translating to an 11.43% total growth rate over the period from 2024 to 2028.

Future trends to watch for include:

• An expected deceleration in the growth rate of urban populations, as indicated by gradually declining year-on-year variations.
• Possible impacts of urban planning policies and infrastructure development on the pace of urbanization.
• The socioeconomic factors driving rural to urban migration and their long-term sustainability.