HCM City’s economic growth projected at 5.87% in Q2
The gross regional domestic product (GRDP) of the southern economic hub of Ho Chi Minh City in the second quarter of this year is expected to expand by 5.87% year-on-year, according to Deputy Director of the municipal Statistical Office Tran Phuoc Tuong.
HCM City’s economic growth projected at 5.87% in Q2 (Photo: VNA)
HCM City (VNA) – The gross regional domesticproduct (GRDP) of the southern economic hub of Ho Chi Minh City in the secondquarter of this year is expected to expand by 5.87% year-on-year, according to Deputy Director of the municipal StatisticalOffice Tran Phuoc Tuong.
At a meeting on June 1, Tuong said the industrial, agricultural and service sectors all posted good growth, contributing to the GRDP's growth.
He reported that from the beginning of this year to May 20, the city has licensed 18,630 enterprises with registered capital of 178.78 trillion VND, up 7.9% in the number of licences but down 21.2% in capital volume year-on-year.
On the other hand,disbursement of public investment capital has accelerated; inflationhas begun to cool down while the business environment has graduallyimproved.
However, the city’s export situ꧋ation is still facing difficulties when key markets have not recovered, Tuong said, adding that retail turnover of goods increased by 10.6% year on year.
Meanwhile, state budget revenue in the first five months of this year decreased by 4.5% year on year and reached 43% of the estimate. In order for the economy to gain better growth in the remaining monthsof the year, Tuong suggested that the city shouldcreate favourable conditions for businesses to access economic stimulusprogrammes, seek more potential export markets while continuing with administrative procedure reform and accelerating public investment capital disbursement,among others./.
Nine pedestrian bridges are being built over Hanoi Highway in Ho Chi Minh City to serve passengers at nine of the 11 elevated stations of the first metro line here, the HCM City Management Authority for Urban Railways has said.
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.
HCM City’s economic growth projected at 5.87% in Q2 (Photo: VNA) 
