HCMC – The HCMC Party Committee opened its fifth meeting in the 2025-2030 tenure on Wednesday afternoon to review the city’s robust Q1 performance and look into key socio-economic plans for the upcoming quarter.
Presided over by Tran Luu Quang, Politburo member and HCMC Party Committee secretary, the meeting focused on accelerating public investment disbursement, resolving land-use bottlenecks, and fostering new growth drivers such as the Vietnam International Financial Center in HCMC (VIFC-HCMC) and high-tech industries.
The city’s economy showed a strong recovery in the first quarter of this year, with total investment capital rising by 10.7% and State budget revenue reaching 30.2% of the full-year target (up 17.5% year-on-year). In addition, fresh FDI approvals surged to nearly US$2.9 billion, driven by the effective implementation of new special mechanisms approved by the National Assembly.
Looking ahead to Q2, HCMC set an ambitious GDP growth target of 10% or higher, prioritizing key infrastructure projects in transportation, urban renovation and flood control alongside the development of a digital government and smart city framework.
Beyond economic mandates, the meeting deliberated on Party building and the strengthening of the political system. Delegates discussed action plans to implement Resolution 19 on agriculture and rural development through 2030, as well as the roadmap for the 14th National Party Congress resolution.
Party Secretary Quang emphasized that the city must maintain strict discipline and combat corruption while simultaneously creating a favorable environment for innovation and sustainable urban expansion to ensure HCMC remains the nation’s primary economic locomotive.
