Ho Chi Minh City's economic growth exceeds forecast

VTV.vn - Ho Chi Minh City accelerated strongly, GRDP in the third quarter reached 8.11%, bringing the 9-month growth to 7.07%. Public investment disbursement is considered the key driving force to help the city make a breakthrough.

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Accelerating the disbursement of public investment capital is the driving force for the country's economic locomotive - Ho Chi Minh City - to accelerate, in the context of the growth of the total product in the area (GRDP) in the third quarter reaching 8.11% compared to the same period last year. This positive signal has contributed to the city's 9-month growth reaching 7.07%.

Among the main growth drivers, the service sector led the way with an increase of 8.59%, accounting for 51.6% of the city's economy but contributing up to 61.2% to growth.

Commercial sectors, in which e-commerce activities contributed positively; accommodation and food service activities increased the highest at 11.73%...

The index of industrial production (IIP) increased by 6.9% over the same period. The main driving force continues to come from processing and manufacturing. According to a survey by the General Statistics Office, the production and business situation in the fourth quarter of 2025 is forecast to be better than the previous quarter.

This year, Ho Chi Minh City has set a target of 8.5% GRDP growth. To achieve this, the economic locomotive must accelerate by double digits in the final months of the year. In particular, disbursing 100% of the capital plan is a prerequisite to stimulate short-term growth, especially for projects in transport infrastructure, logistics, flood prevention and energy conversion.

Source: https://vtv.vn/kinh-te-tp-ho-chi-minh-tang-truong-vuot-du-bao-100251006084528984.htm