Shrimp processing at the Coastal Fisheries Development Corporation (COFIDEC) in Vĩnh Lộc IP, Binh Chanh district, HCM City. (Photo: VNA)
Ho Chi Minh City (VNA) – Ho Chi Minh CityPeople’s Committee has proposed a growth target of 7.5-8% 🧸for its GrossRegional Domestic Product (GRDP) in 2023.
At the meeting of the municipal People’s Council onDecember 7, Vice Chairwoman of the city People’s Committee Phan Thi Thangsaid that the city could have both opportunities and challenges insocio-economic development next year but more difficulties and challenges areexpected and it’s hard to predict them. The city will continue to focus on administrative reform, increase the efficiency of public services, and improve the business environment,she said. Thang added that the city authorities will continue toremove bottlenecks, make use of resources, mobilise various investment capitalsources, as well as accelerate the implementation of key infrastructureprojects, traffic and urban development ones. The city also expects to create a breakthrough in digitaltransformation and a knowledge-based economy in association with exploiting thepotential of science and technology, Thang said. Among the 17 key indicators for socio-economic developmentfor 2023, the municipal People's Committee also set a target toattract 4.5-5 million foreign tourists next year for a revenue of 120trillion VND (about 5.03 billion USD). In 2022, despite difficulties and challenges, HCM Cityreached a GRDP of about 9.03%, surpassing the approved target of 6-6.5%. Its Index of Industrial Production (IIP) so far this yearis estimated to increase by 14.2%. So far this year, the city’s total export turnover isestimated at 49.5 billion USD, up 10.3%, and its total import turnover, at 66.2 billion USD, up 10%. Total tourism revenue has reached about 120 trillion VND,marking a year-on-year increase of 171.2%. The city has received 3.5 million foreign visitors so far this year. Its budget revenue posted positive growth, estimated atVND 457.5 trillion, 18.35% higher than the target approved by the cityPeople’s Council./.
The Ho Chi Minh City People's Committee has just issued a decision on the implementation plan to develop the southern metropolis’s seaport infrastructure system.
Party General Secretary Nguyen Phu Trong on December 2 chaired a Politburo meeting on a project to review the 10-year implementation of a resolution on the orientations and tasks for the development of Ho Chi Minh City until 2020 and 2030, with a vision to 2050.
Ho Chi Minh City licensed 807 foreign invested projects worth 3.54 billion USD in the first 11 months of this year, up 3.3% in value from a year earlier, according to the General Statistics Office.
The 2nd Ho Chi Minh City Tourism Week, a series of tourism-sport-music events serving domestic and foreign visitors, kicked off at a ceremony in the southern metropolis on December 5.
Domestic tourism is strongly bouncing back, recording more than 100 million visitors so far this year, higher than all forecasts and up 1.5 times compared to the yearly target of 60 million.
International searches for tourism in Vietnam remain high, according to the Vietnam National Tourism Administration (VNAT) under the Ministry of Culture, Sports and Tourism.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Shrimp processing at the Coastal Fisheries Development Corporation (COFIDEC) in Vĩnh Lộc IP, Binh Chanh district, HCM City. (Photo: VNA) 
