HCMC ECONOMY GROWS 7.07% IN JAN-SEPT

High-rise buildings are seen in HCMC - PHOTOl N.K.

HCMC – HCMC’s economy expanded 7.07% in the first nine months of this year, showing signs of steady recovery, according to the city’s Statistics Office.

The city’s gross regional domestic product (GRDP) rose 8.11% year-on-year in the third quarter, 0.87 percentage point higher than in the second quarter. The growth trend contrasts with earlier forecasts from international institutions, which said there would be a slowdown in the second half due to external risks.

The services sector remained the main growth driver, soaring 8.59% and accounting for 51.6% of the city’s economy. Retail sales from consumer goods and services amounted to over VND1.4 quadrillion, up 15.3% from a year earlier.

Industry and construction jumped 7.74% in the third quarter. For the nine months, industrial output increased 5.07%, while construction rose 8.57%. The industrial production index climbed 6.9%, with manufacturing as the key contributor. About 77.6% of manufacturers said business conditions improved in the third quarter compared with the previous one.

Public investment disbursement exceeded VND59.6 trillion, equivalent to nearly half of the full-year plan assigned by the prime minister.

As of September 20, the city recorded more than 41,000 new businesses with total registered capital of VND255.6 trillion, down 11% in number and 31.7% in capital year-on-year.

The consumer price index rose 4.06% in the first nine months, with prices increasing in nine of 11 commodity groups. Gold prices jumped 37.8% on average.

The Statistics Office said the city’s two-level governance system and its “one center, three zones, one special area” development plan are creating new growth opportunities.

HCMC aims for GRDP growth of 8.5% for the year. To meet the target, the city would need to expand at least 10% in the fourth quarter.

Source: The Saigon Times

Related News

MEMBER CORNER / PROMOTIONS

VIETNAM'S MANUFACTURING STORY HAS CHANGED IN 2026

Vietnam is no longer attracting investment solely because of its competitive costs. Today, global manufacturers are increasingly choosing Vietnam for its expanding industrial ecosystem, resilient supply chains and growing role in high-value sectors such as semiconductors, electronics and advanced manufacturing.

Jul 24, 2026

BANKING / FINANCE / INSURANCE / TAX

VIETNAM NEEDS OVER $200BN FROM STOCK MARKET IN NEXT 5 YEARS

Speaking at the event, Bui Hoang Hai, vice-chairman of the State Securities Commission of Vietnam, said total investment demand in the 2026-30 period is estimated at VND38,000 trillion ($1.4 trillion). The state budget can only provide approximately VND8,500 trillion ($323 billion), or 20 percent, leaving the remaining 80 percent to be sourced from private and international capital.

Jul 23, 2026

VIETNAM ECONOMY INVESTMENT

HUNG YEN BUILDS DIGITAL FOUNDATIONS TO DRIVE LONG-TERM GROWTH

From strengthening data infrastructure to developing AI platforms, Hung Yen province is enhancing governance capacity while laying the groundwork for the growth of its digital economy. Hung Yen, about 50-60km southeast of Hanoi, has maintained steady momentum in implementing its digital transformation agenda, creating a stronger foundation for the province to advance science, technology, and innovation.

Jul 23, 2026

VIETNAM ECONOMY INVESTMENT

CHINESE INVESTMENT WAVE OPENS NEW DOORS

As Chinese companies move beyond factory relocation to ecosystem-driven investment, Vietnam has a rare opportunity to evolve from a low-cost production base into a strategic node in regional value chains. When global companies first diversified supply chains, the focus was largely on relocating manufacturing capacity.

Jul 23, 2026

VIETNAM ECONOMY INVESTMENT

VIỆT NAM STEPS UP EXPORT TO ACHIEVE US$550-BILLION TARGET

Việt Nam is intensifying efforts to sustain export momentum in the second half of 2026 as the country works towards its target of US$550 billion in export revenue for the year, despite continuing uncertainties in global trade. Statistics show that exports reached $266.5 billion in the first six months, meaning the economy needs to generate around $245.5 billion more during the remainder of the year to meet the annual goal.

Jul 23, 2026

VIETNAM ECONOMY INVESTMENT

ASIA POWERS VIETNAM’S SHRIMP BOOM, LEAVING THE WEST BEHIND

In the first half of 2026, Vietnam's shrimp exports surpassed the US$2.3 billion mark, driven largely by booming demand from China and a lobster craze. But behind that growth figure lies a lopsided picture: Asia is carrying the load, while the U.S. and Europe have yet to break out. These days, a container of frozen shrimp leaving a Ho Chi Minh City port is more likely to cross the East Vietnam Sea to Shanghai than the Pacific to Los Angeles.

Jul 23, 2026