HCMC – Retail revenue from goods and services in HCMC totaled over VND316.6 trillion in the first quarter of this year, up by 14.2% against the same period last year, according to the city’s Department of Industry and Trade.
In March alone, retail revenue rose by 10.3% month-on-month and 17.5% year-on-year to VND109.99 trillion.
The city’s index of industrial production in March grew by 13.1% against February and 8.1% versus the year-ago period. Between January and March, the index rose by 6.8% compared to the same period in 2024.
Out of 29 secondary industrial sectors, 22 registered positive growth, including furniture manufacturing, rubber and plastic products, non-metallic mineral products, electrical equipment, and machinery. The four key sectors expanded by 5.8%.
The index of industrial production of the three traditional manufacturing sectors jumped by 14.4% year-on-year in the first quarter, while the overall consumption index for the processing and manufacturing industry climbed 11.2%.
According to the HCMC Statistics Office, manufacturing showed signs of improvement compared to the fourth quarter of 2024. Specifically, 20.8% of enterprises reported better conditions, 46.3% said the situation remained stable, and 32.9% faced difficulties.
By ownership type, 66.7% of state-owned enterprises, 67.3% of non-state firms, and 66.9% of foreign direct investment (FDI) enterprises assessed their operations in the first quarter as improved or stable.
Regarding the second quarter of 2025, 43.1% of businesses expect an improved outlook, 39.4% anticipate stability, and 17.5% foresee tougher times, the city’s statistics office said.
Foreign-invested firms are the most upbeat, with 85.1% predicting better or stable conditions, followed by non-state companies at 81.3% and state-owned enterprises at 81%.
