The above information was mentioned by Mr. Nguyen Khac Hoang - Head of the Ho Chi Minh City Statistics Office at the first 6-month socio-economic meeting of the year, the first time Ho Chi Minh City organized online with 168 communes, wards, and special zones after the merger, on July 4.
According to Mr. Hoang, after the merger, the GDP scale of Ho Chi Minh City will be very large, equal to that of major cities in the region such as Jakarta, Bangkok, Manila. In particular, 1% growth of Ho Chi Minh City is equivalent to 17,200 billion VND, equivalent to some provinces and cities that have not been arranged such as Dien Bien , Lai Chau.
According to the Government's target, the old Ho Chi Minh City increased by 8.5%, Binh Duong by 10%, Ba Ria - Vung Tau excluding oil and gas increased by 10%. Combined, the target of the new Ho Chi Minh City increased by 8.92%. While the first 6 months of the year only reached 7.49%, this means that the last 6 months of the year must increase by 10.25%. This is a very challenging number.
According to the head of the Ho Chi Minh City Statistics Office, the growth target for the last 6 months of the year for Ho Chi Minh City will be from 11-12.4%, achieving this growth rate is a big challenge for the megacity.
If according to the targets of the People's Council of each locality before the merger, Binh Duong and Ho Chi Minh City must increase by more than 10%, Ba Ria - Vung Tau must increase by 10.5%, so the new Ho Chi Minh City in 2025 must increase by 10.04%.
"Thus, in the last 6 months of the year, to complete the tasks of the Government and the People's Council, the growth target for the last 6 months of the year will be from 11-12.4%, which is very challenging for the megacity. While only 1% of this megacity is equal to the GDP scale of another province," Mr. Hoang analyzed.
Ho Chi Minh City's trade and service industry grew dramatically in the first half of 2025 from the success of the April 30 event.
Also at the conference, Chairman of the Ho Chi Minh City People's Committee Nguyen Van Duoc said that in the first 6 months of the year, Ho Chi Minh City's economy grew impressively even though the city had to carry out dual tasks: both developing the economy with a double-digit growth target and streamlining the apparatus.
The new Ho Chi Minh City's gross regional domestic product (GRDP) (combined with the three localities) achieved a growth rate of 7.49%, which is a very respectable figure.
However, according to Mr. Duoc, in the last two quarters of the year, with the new US reciprocal tax rate expected to be applied from July 9, it will certainly affect the city's businesses, directly impacting the development and growth of the city's economy in the second half of the year.
Mr. Duoc assigned the Department of Statistics and the Ho Chi Minh City Institute for Development Studies to coordinate with other units to immediately advise the Ho Chi Minh City People's Committee on two specific scenarios for growth after the US imposes tariffs.
Specifically, the low scenario is growth of 8 - 8.5% and the high scenario is growth of 10%. For each scenario, the two units must specifically develop growth rates for each month and quarter, and at the same time propose specific solutions and tasks for each department and branch.
In addition, these two agencies also advise the city on solutions to prevent "borrowing the road" (ie goods from other countries transiting to Ho Chi Minh City for export to the US).
Source: https://vtcnews.vn/1-tang-truong-cua-tp-hcm-sau-hop-nhat-la-thach-thuc-lon-ar952681.html
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