Ho Chi Minh City: Maintaining positive growth momentum

Ho Chi Minh City aims for GRDP growth of over 8.5% in 2025, demonstrating high political determination and a strong breakthrough spirit after the merger, aiming to build a modern, dynamic urban area worthy of being the economic locomotive of the whole country.

Ho Chi Minh City targets GRDP growth of over 8.5% in 2025

According to Chairman of the Ho Chi Minh City People's Committee Nguyen Van Duoc, in the first 9 months of 2025, the city's economy maintained a positive growth momentum with GRDP excluding oil and gas at 7.69%, higher than the same period in 2024. Total social investment capital is estimated at more than VND 465,000 billion, an increase of over 10% over the same period, showing the business community's confidence in the city's investment environment.

The disbursement of public investment capital is a highlight, reaching more than 59,500 billion VND. Many key infrastructure, environmental and social housing projects have been started, creating a positive spillover effect and promoting disbursement. The city has also removed obstacles for about 80% of the projects and backlogged land, strongly unlocking development resources.

According to the Chairman of the City People's Committee, the business investment environment continues to improve, attracting more than 7.7 billion USD in FDI capital. Budget revenue reached over 570,000 billion VND. At the same time, the city promotes digital transformation and innovation, attracting many large technology corporations such as G42, Nvidia, Marvell, Intel to research and cooperate in investment. "This is an important foundation for the city to develop a digital economy, a knowledge economy, towards a sustainable growth model," Chairman Nguyen Van Duoc emphasized.

Along with economic development, social security policies, gratitude, national defense and security are always given attention, contributing to maintaining social stability - the foundation for long-term development. The fourth quarter is forecast to be a key period, the city strives to achieve a growth rate of over 12% to complete the yearly target, with the motto "unity, proactiveness, daring to think, daring to do, daring to take responsibility for the common interests of the people".

Staff of the Phu Nhuan Ward Public Administration Service Center guide people to declare online on the National Public Service Portal

The city is focusing on perfecting the 2-level government model, adding necessary equipment and conditions so that by November 2025, all 168 communes and wards will be able to handle administrative procedures without administrative boundaries - a breakthrough in administrative reform, towards a digital government that serves people and businesses more quickly and transparently.

Disbursement of public investment continues to be a key task, considered a "direct lever for growth and job creation". Along with that, planning and infrastructure development work is being promoted, aiming to complete the Ho Chi Minh City Master Plan Adjustment Project and start construction of Metro Line 2 (Ben Thanh - Tham Luong) in 2025. The city aims to build more than 13,000 social housing units, at the same time completely resolve the situation of houses along canals, urban renovation associated with improving the quality of life of the people.

To further promote the role of economic locomotive, according to the Chairman of the City People's Committee, the Government is recommended to continue amending and supplementing Resolution No. 98/2023/QH15 on piloting specific mechanisms and policies for city development, and submit it to the National Assembly at the end of 2025. This is a practical requirement to create more institutional space for Ho Chi Minh City to make breakthroughs, attract investment resources, expand international cooperation and strongly develop innovation.

With the highest political determination, Chairman of the Ho Chi Minh City People's Committee Nguyen Van Duoc affirmed that the city will mobilize the entire strength of the political system, along with the consensus of the people and the business community to exceed the development targets for 2025, especially the GRDP growth target of over 8.5%, making a practical contribution to the overall success of the whole country towards the 14th National Party Congress.

Source: https://daibieunhandan.vn/tp-ho-chi-minh-duy-tri-da-tang-truong-tich-cuc-10389518.html