Ho Chi Minh City strives for 8.5% growth

(Chinhphu.vn) - Speaking at the online conference between the Government and localities on the economic growth scenario for 2025 and tasks and solutions to achieve the growth target for 2025 held on July 16, the leader of Ho Chi Minh City said that the city is promoting solutions to promote economic development, striving for a growth rate of 8.5% in 2025.

Chairman of Ho Chi Minh City People's Committee speaking at the conference.

Attending at the Ho Chi Minh City bridge were Secretary of the Ho Chi Minh City Party Committee Nguyen Van Nen, Chairman of the Ho Chi Minh City People's Committee Nguyen Van Duoc, Vice Chairmen of the Ho Chi Minh City People's Committee: Nguyen Van Tho; Nguyen Loc Ha; Nguyen Van Dung and leaders of the City's departments and branches.

Chairman of the Ho Chi Minh City People's Committee Nguyen Van Duoc said that despite many difficulties in the first 6 months of 2025, Ho Chi Minh City has strived to achieve some encouraging results. Ho Chi Minh City's growth rate has only reached 7.49% (excluding crude oil); investment attraction has reached more than 5.2 billion USD; budget revenue has reached 415,000 billion VND, reaching 60% of the estimate and if calculated up to the current period, reaching about 66%; public investment disbursement in the first 6 months of the year reached 32.1% compared to the plan assigned by the Government and up to now reaching about 40%.

Regarding the growth scenario for the last 6 months of 2025, Ho Chi Minh City strives for the highest level of 8.5%. To achieve this growth rate, the City has proposed the following solutions: Firstly, continue to implement the 2-level government apparatus with a spirit of speed and determination.

Second is to continue accelerating public investment, especially promoting public investment disbursement, in the near future completing Ring Road 3 in accordance with the Prime Minister 's direction, starting construction of the Ho Chi Minh City - Moc Bai expressway to celebrate the 80th anniversary of National Day September 2, implementing Ring Road 4, Thu Dau Mot - Chon Thanh, etc. to contribute to growth.

The city continues to promote the traditional growth drivers of trade and services and stimulate consumer demand. Accordingly, the city will implement a plan to promote service growth associated with major national and city events; support industry associations and city businesses to boost exports.

In addition, the City will promote new growth drivers such as the Vietnam International Financial Center in the City; promote investment attraction in science and technology, green transformation in the transport sector; remove difficulties for businesses to unlock resources; deploy the peak emulation campaign "100 days of streamlined - strong - efficient, effective and efficient operations" to welcome Party Congresses at all levels, towards the Ho Chi Minh City Party Congress for the 2025-2030 term and the 14th National Congress of the Party.

Ho Chi Minh City is accelerating the construction of an international financial center model.

Ho Chi Minh City is accelerating the construction of an international financial center (IFC) in Ben Thanh ward, Saigon ward and Thu Thiem new urban area according to Resolution No. 222/2025/QH15 of the National Assembly, effective from September 1, 2025, with the goal of raising Vietnam's position in the global financial network.

Ho Chi Minh City is coordinating with ministries, branches and international partners to build an international financial center model with the following main directions: Focusing on finance - banking, insurance, securities, fintech; combining digital infrastructure, green - smart buildings, integrated urban areas; applying a specific legal framework and testing mechanism (sandbox); attracting international capital, financial institutions and multinational corporations.

The leader of the Ho Chi Minh City Department of Finance said that the preliminary investment estimate for the entire TTTC is about 172,000 billion VND (equivalent to 7 billion USD).

In the immediate future, it is necessary to prepare about 16,000 billion VND to complete the core area infrastructure including 11 lots in Thu Thiem in the first phase (about 2-3 years), in which the investment cost for building the headquarters of the financial center agencies needs about 2,000 billion VND.

Le Anh

Source: https://baochinhphu.vn/tphcm-phan-dau-tang-truong-85-101250717000125805.htm