HCMC TARGETS 40% HIGH-TECH CONTRIBUTION TO GRDP BY 2030

HCMC has set an ambitious target for high-tech industries to account for 40% of its gross regional domestic product (GRDP) by 2030, said Phan Van Mai, chairman of the HCMC People’s Committee.

Speaking at the Friendship Dialogue 2024, themed “Industrial Transformation: Experiences and Priorities in Development Cooperation,” today, September 24, Mai emphasized the importance of shifting from traditional industries to high-tech and high value-added sectors.

“Industrial transformation is not only an option but a pressing necessity for HCMC and cities worldwide,” he stated.

Currently, high-tech industries account for around 23% of HCMC’s GRDP. By increasing this figure to 40% by 2030, the city aims to not only maintain its economic standing nationally and regionally.

Given the global trend toward sustainable production, HCMC has adopted a dual strategy that combines green transformation with digitalization, enabling the city to achieve sustainable and inclusive economic growth.

The city is investing heavily in high-tech industries, focusing on automation, smart factories, and advanced manufacturing technologies to enhance its value chain.

Mai also highlighted the importance of collaboration between government, businesses, and citizens in areas such as technology transfer, green infrastructure investment, and high-tech development partnerships to drive this transformation.

As part of the HCMC Friendship Dialogue 2024, leaders from the Ministry of Foreign Affairs, the HCMC Party Committee, and the HCMC People’s Committee held bilateral meetings with representatives of international organizations and localities.

Source: The Saigon Times

Related News

VIETNAM ECONOMY INVESTMENT

VIETNAM’S SEAFOOD EXPORTS HIT OVER US$10 BILLION IN JAN-NOV

Seafood export revenue in November alone amounted to nearly US$990 million, up 6.6% year-on-year. Key product groups posted solid gains. Shrimp exports rose 11.7% to over US$385 million, supported by strong demand for whiteleg shrimp and lobster. Tra fish shipments increased 9.7% to almost US$197 million, while marine fish, squid, and mollusk exports maintained their recovery.

Dec 11, 2025

VIETNAM ECONOMY INVESTMENT

VIETNAM’S AGRO-FORESTRY-FISHERY EXPORTS HIT NEW RECORD IN JAN-NOV

Vietnam’s agro-forestry-fishery export revenue reached an estimated US$64.01 billion in the first 11 months of 2025, up 12.6% year-on-year and surpassing the full-year record of US$62.4 billion set in 2024. Agricultural exports reached US$34.24 billion, up 15% year-on-year, while livestock products brought in US$567.4 million, a 16.8% increase. Seafood exports rose 13.2% to US$10.38 billion, and forestry products earned US$16.61 billion, up 5.9%.

Dec 11, 2025

VIETNAM ECONOMY INVESTMENT

HANOI REPORTS RECORD-HIGH BUDGET REVENUE IN 2025

Hanoi’s budget revenue is estimated to reach VND641.7 trillion in 2025, the highest level ever recorded and nearly 25% above the revised target, according to a report by the municipal government. Data from the city’s socioeconomic performance review shows that total state budget collections in 2025 are projected to reach 124.9% of the adjusted plan and rise 24.9% from 2024, the Vietnam News Agency reported.

Dec 11, 2025

INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

VIETNAM, CHINA TO PILOT TWO-WAY CARGO TRANSPORT AT LANG SON BORDER

Vietnam and China will launch a one-year pilot program on December 10 to allow two-way cargo transport through the Huu Nghi–Youyi Guan international border gates in Lang Son Province, reported the Vietnam News Agency. The Dong Dang-Lang Son Economic Zone Management Board said the trial aims to reduce transport costs and improve customs clearance capacity.

Dec 11, 2025

INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

VIETNAM’S IMPORT-EXPORT VALUE NEARS US$840 BILLION IN JAN-NOV

The total value of Vietnam’s imports and exports was nearly US$840 billion between January and November this year, the highest level ever recorded, according to the National Statistics Office. In its latest report on the country’s socio-economic performance, the National Statistics Office highlighted a series of positive economic indicators, with trade emerging as one of the strongest drivers of growth.

Dec 11, 2025

HOSPITALITY / TOURISM / ENTERTAINMENT

OVER 19 MILLION INTERNATIONAL VISITORS COME TO VIETNAM IN JAN-NOV

Vietnam received more than 19.1 million international visitors in the first 11 months of 2025, a 20.9% increase year-on-year and the highest level ever recorded, according to the National Statistics Office. The figure surpasses the full-year record of 18 million arrivals set in 2019, before the Covid-19 pandemic. Nearly two million foreign visitors arrived in November alone, up 14.2% from October and 15.6% from the same period last year.

Dec 11, 2025