Ho Chi Minh City inflation highest in the country

The above information was given by Mr. Tran Phuoc Tuong, Deputy Head of the Ho Chi Minh City Statistics Office at the City People's Committee meeting on the socio-economic situation and results held on the afternoon of September 9.

The consumer price index in Ho Chi Minh City increased by only 0.04% in August. However, in the first 8 months of 2025, inflation in Ho Chi Minh City was 4.17%, while the figure for the whole country was 3.26%. The items with the highest price increases were: healthcare (up 15.4%); education (up 7.84%); housing and construction materials (up 7.4%).

Mr. Tran Phuoc Tuong said that the city’s inflation is the highest in the country. However, if HCMC can control the prices of the above groups of goods, the CPI may stay at the current level or decrease slightly.

Also according to the representative of the City Statistics Office, the export situation in Ho Chi Minh City in the past 8 months increased by 6.4%, lower than the national average of 14.8%.

According to the Ho Chi Minh City Statistics Office, inflation in the city is the highest in the country. Photo: Nguyen Hue

Notably, in 8 months, out of 10 enterprises participating in the market, 7 withdrew, while in the same period in 2024, this number was 6 enterprises.

The number of newly established enterprises in Ho Chi Minh City in the first 8 months decreased by 13.9%; total registered capital decreased by 35%; enterprise size is also getting smaller. Currently, the average capital size is 6.1 billion VND/enterprise, much lower than the figure of 8.1 billion VND/enterprise in 2024.

However, the positive signal is that capital mobilization in the area increased by 7% compared to the same period last year. Outstanding credit increased by 7.3%. It is estimated that 97% of the mobilized money is being lent. This shows that capital is flowing relatively strongly in the economy .

According to the city's statistics agency, to achieve the GRDP growth target of 8.5% for the whole year of 2025, the city must achieve a growth rate of over 10% in the fourth quarter. This is an especially difficult task.

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Source: https://vietnamnet.vn/lam-phat-tphcm-cao-nhat-nuoc-2440890.html