Documents Awareness - Knowledge
logo
ECONOMY-SCIENTIFIC-TECHNOLOGY

HCM City pushes to achieve 2025 growth target of at least 8.5 per cent

28 August 2025 | 06:50:00 AM

HCM City is pressing ahead with measures to ensure its 2025 economic growth target of 8.5 per cent or higher, with GDP expansion in the second half of the year expected to reach 10.3 per cent.

The city aims to build a firm foundation for double-digit growth in the 2026–2030 period.

Under the city’s plan for the remainder of 2025, each department and agency is tasked with specific tasks to contribute to the goals of mobilising total social investment of around VND 780 trillion (USD 29.56 billion), boosting total retail sales of goods and services by 19.2 per cent, and increasing exports by 24.3 per cent. Tourism goals include attracting 8.5–10 million international visitors, 45–50 million domestic tourists, and generating total tourism revenue of VND 260–290 trillion.

The municipal People’s Committee stressed the need for strict implementation of resolutions and policies issued by the Party Central Committee, and the city Party Committee and People’s Council. Authorities will also maximise new breakthrough mechanisms, swiftly remove economic bottlenecks, and advance administrative reforms. Tax, fee, and land rent exemptions, reductions, and deferrals will continue to support businesses and citizens.

Local officials are strengthening dialogue with investors, enterprises, cooperatives, and business households to quickly identify challenges and provide appropriate support. Special measures such as “green channels” for projects in export processing zones, industrial parks, and high-tech zones will be further promoted.

Departments and units are directed to cut at least 30 per cent of administrative processing times, reduce business costs by 30 per cent, and eliminate at least 30 per cent of unnecessary business conditions, creating a more attractive investment climate and expediting investment procedures. The city is also committed to fully disbursing its 2025 state budget capital and attracting additional social investment where feasible.

The city is also determined to ensure 100 per cent disbursement of its 2025 state budget capital plan, while attracting greater social investment whenever favourable conditions allow.

Looking ahead, Ho Chi Minh City plans to accelerate the development of high value-added services, promote exports and trade, stimulate domestic consumption, and expand the tourism sector. Priority growth drivers include science and technology, innovation, digital transformation, and high-quality human resources. The city will leverage science and technology funds, venture capital, start-up and innovation funds, and implement investment models such as “public investment – private management” and “private investment – public use.”

Comprehensive digitalisation will continue across state management, encompassing digital government, economy, society, and citizen services. The city will advance its data governance strategy, enhance public administrative service systems, and accelerate the deployment of 5G infrastructure.

Regarding US tariff policies, the People’s Committee called on local authorities to coordinate closely with ministries to propose measures that strengthen competitiveness, support affected sectors, establish traceability systems, and increase integration into regional and global supply and value chains.

Source: VNA

Views: 22

Other news

VinFast to debut electric buses in Europe

(27/08/2025 08:45:AM )

Vietnam aims to see 30 SOEs with billion-dollar revenue by 2030

(24/08/2025 07:11:AM )

Vietnam’s dairy herd shrinks as growth plunges

(21/08/2025 07:04:AM )

Property market rebounds despite economic storms

(20/08/2025 07:25:AM )

Hue launches Vietnam’s first ride-hailing cyclo service

(16/08/2025 07:04:AM )

Vietnam performs first successful heart-lung transplant

(14/08/2025 07:04:AM )

Vietnam’s industrial production up 8.6 per cent in first seven months

(11/08/2025 07:35:AM )

6.4 million passengers use Hanoi metro route in first year

(10/08/2025 08:50:AM )

Six electric bus routes to run on Con Dao Island

(08/08/2025 08:30:AM )

ENVIRONMENT BRAND

UPCOMING EVENTS
The project that won the First Prize in the...

(VACNE, 17/6/2025) - The topic: “Artificial Wood Production from Straw” by the group of contestants Straw Wood, from Tra Vinh University, has just won the championship of the GVB Prize Startup Competition 2025 in London (United Kingdom) on June 15, 2025.

See more
The first Green Cypress to be recognized...

(VACNE) – These are 2 green cypress trees more than 300 years old with chemical name Calocedrus macrolepis Kurz solemnly held by Ba Vi National Park Management Board to announce the decision of Vietnam Heritage Tree on the morning of February 27, 2024.

See more
Some pictures of the ceremony to recognize...

(VACNE) – N(VACNE) – Authorities, mass organizations and local communities solemnly received the Certificate of Recognition of Vietnamese Heritage Trees for two majestic Sanh trees (nearly 30 meters high, more than 200 years old) in Trieu Phu communal house, in zone 7, Hung Son town, Lam Thao district, Phu Tho province on April 22, 2023 on the occasion of Hung King's death anniversary.

See more
Media contributes to the success of the international...

(VACNE) - On March 21, 2022, the Organizing Committee of the International workshop "The Effects of Environmental Pollution on Biodiversity and Human Health" had a meeting, chaired by Dr. Nguyen Ngoc Sinh - VACNE President

See more
ADB finances climate resilience infrastructure...

The Asian Development Bank (ADB) has approved a $60 million financing package to improve the climate resilience of transport and water supply infrastructure in Vietnam’s south-central coastal provinces of Binh Dinh and Quang Nam, especially in remote upland districts with large ethnic minority communities.

See more
PHOTO GALLERY