“Endogenous capacity” for economic growth in Ho Chi Minh City

This year, Ho Chi Minh City has set a growth target of 8.5%. This reflects the strong endogenous capacity of the economy. Macroeconomic and political stability and the confidence of domestic consumers and international investors are important foundations for sustainable growth prospects. Many experts believe that with this positive trend, the Vietnamese economy and Ho Chi Minh City will continue to grow strongly in the coming years.

At the 2026 Investment Forum in Ho Chi Minh City, experts pointed out four important factors that help the economy maintain good growth: political stability, domestic consumption, public investment efficiency, and import-export turnover.

Dr. Le Duy Binh - Director of Economica Vietnam commented: "We expect to continue to achieve record export growth in 2026, which will create a spillover effect on production activities and together with domestic services, I expect this will be a very important driving force."

The recovery in industrial production and export indexes also shows that domestic and foreign businesses' concerns about tariff policies have greatly reduced.

World Bank representatives highly appreciated the timely and strong intervention of the State and Government to support businesses in recent times.

"The flexibility of tools related to monetary policy and interest rates helps Vietnam adapt better to global fluctuations. I see that the State Bank is on the right track and has very good policies to support the economy to adapt to these things," said Mr. Sacha Dray - Economic Expert, World Bank (WB) in Vietnam.

Mr. Dang Van Thanh - Chairman of TTC Group commented: "I think this is one of the fully qualified motivations, the remaining problem is how entrepreneurs run their businesses in an economy with extremely favorable conditions. For example, the digital age, the 4.0 era, the knowledge economy... are things that Vietnamese entrepreneurs need to face."

By the end of September, the disbursement of public investment capital nationwide reached about 440 trillion VND, reaching 50% of the Prime Minister's plan, playing an important role in promoting the economy. In Ho Chi Minh City, public investment needs to continue to be "seed capital" to attract the private sector to participate in large infrastructure projects, through the form of PPP and other cooperation models, for sustainable development.

According to Ms. Trinh Quynh Giao - General Director of PVI Fund Management Joint Stock Company (PVI AM): "To develop this internal capacity, we must focus on increasing the capacity and productivity of Vietnamese enterprises, improving governance and transparency in governance as well as financial data".

Ho Chi Minh City currently has about 300,000 operating businesses. Experts believe that confidence in economic growth will soon promote investment decisions and expand production and business, while spreading to customers, promoting consumption, creating momentum for economic growth in the coming years.

Source: https://vtv.vn/nang-luc-noi-sinh-cho-tang-truong-kinh-te-tp-ho-chi-minh-10025110616532153.htm