Ho Chi Minh City: GRDP in the first 6 months of the year is estimated to increase by 6.56%

The gross regional domestic product (GRDP) of the new Ho Chi Minh City (after consolidation) in the first 6 months of 2025 is estimated to increase by 6.56%.

View of the meeting. Photo: Nguyen Le

On July 4, Ho Chi Minh City People's Committee held a meeting on the socio -economic situation and results in the first 6 months of the year; tasks and solutions for the last 6 months of 2025.

According to the report of the Ho Chi Minh City People's Committee, in the first 6 months of the year, GRDP of Ho Chi Minh City (old) increased by 7.82%, Binh Duong (old) increased by 8.3%, Ba Ria - Vung Tau (old) increased by 2.61%. Overall, GRDP of Ho Chi Minh City in the first 6 months of the year is estimated to increase by 6.56%.

Total retail sales of goods and service revenue of Ho Chi Minh City in the first 6 months of the year increased by 16.2%.

Regarding foreign direct investment (FDI), the total FDI capital attracted by the three (old) localities in the first 6 months of the year reached more than 5.2 billion USD. The total foreign investment attraction plan set for the city in 2025 (including the three provinces and cities) is about 10.44 billion USD.

Ho Chi Minh City's budget revenue in the first 6 months of the year is estimated at 415,000 billion VND, reaching 60% of the estimate.

The disbursement result of public investment capital in the first 6 months of 2025 of Ho Chi Minh City is only 46,686 billion VND, reaching 30.7% of the assigned capital plan (46,686/152,146 billion VND) and reaching 39.2% of the capital plan assigned by the Prime Minister (46,686/118,948 billion VND). With the above disbursement results, Ho Chi Minh City after the merger has a disbursement rate higher than the national average expected by the Ministry of Finance in the first 6 months of the year (32.5%).

At the meeting, Mr. Nguyen Khac Hoang, Director of the Ho Chi Minh City Statistics Office, said that according to the set targets, the GRDP of Ho Chi Minh City (old) in 2025 will reach 10%, Binh Duong (old) will increase by 10%, Ba Ria - Vung Tau (old) will increase by 10.5%, then the plan of the new Ho Chi Minh City in 2025 will increase by 10.04%. To complete the Government's resolution, the economic growth target for the last 6 months of the new Ho Chi Minh City must fluctuate between 11 - 12.5%. This is a huge challenge for the "super city" Ho Chi Minh City after the merger.

Chairman of Ho Chi Minh City People's Committee Nguyen Van Duoc delivered a concluding speech at the meeting. Photo: Nguyen Le

Concluding the meeting, Chairman of the Ho Chi Minh City People's Committee Nguyen Van Duoc said that since the beginning of 2025, the city has focused on removing difficulties for businesses and backlogged projects. Thereby, the city has removed more than 70 projects, unblocking nearly 400,000 billion VND of "blood clots" and flowing into the economy. Many large enterprises have returned to the city to invest.

However, Chairman of Ho Chi Minh City People's Committee Nguyen Van Duoc said that the investment environment in the city has not yet met the expectations of people and businesses, and needs to be improved more strongly, shifting the governance model from control to service and must be put into practice, not just empty talk.

The head of the city government emphasized that, in addition to promoting the private economy, the city must have at least two large state-owned economic groups to lead the city's economy.

The key task in the coming time is to stabilize the administrative apparatus to handle administrative procedures for people and businesses smoothly, without interruption. Strive for 100% of administrative procedures to be carried out without administrative boundaries after the merger of 3 provinces and cities in 2025.

Regarding the target of disbursing public investment capital, Chairman of Ho Chi Minh City People's Committee Nguyen Van Duoc requested to strive for a disbursement rate of 100% (the old target was 95%).

Regarding the economic growth scenario for 2025, the city has proposed two scenarios: Scenario 1, low growth from 8 - 8.5%; scenario 2, high growth, reaching 10%. From these two scenarios, Chairman of the City People's Committee Nguyen Van Duoc assigned departments, branches, and research institutes to develop and report to the City People's Committee this week for synthesis.

Source: https://hanoimoi.vn/tp-ho-chi-minh-grdp-6-thang-dau-nam-uoc-tang-6-56-708010.html