HCMC – Tran Luu Quang, secretary of HCMC Party Committee, has called for breakthrough solutions to help the city achieve growth of more than 10% in all of 2025.
On September 15, the HCMC Party Committee convened its fourth conference of the 2020-2025 term to discuss the city’s socio-economic performance over the first nine months of the year, as well as key tasks and solutions for the final three months of 2025.
At the conference, Quang stressed the need to make every effort to achieve growth of over 10% in 2025, create a favorable environment for investors, and develop solutions to strengthen connectivity among localities after their merger into the new HCMC.
HCMC has posted positive socio-economic results so far this year, with growth topping 7.8%. The city collected about 85% of its budget revenue target and resolved 266 out of 838 stalled projects.
Export turnover was estimated at US$61.21 billion, up 6.35% year-on-year, while commercial and service activities kept pace with market demand. Commodity prices remained largely stable, helping to secure living standards for residents.
The city has also stepped up trade promotion efforts, including exhibitions, sales promotions, and product networking, to support production and expand market access.
HCMC has drawn a total of US$7.73 billion in investment to date, comprising 1,375 newly licensed foreign projects with over US$1.51 billion in registered capital, and 354 existing projects that increased their investment by an additional US$2.72 billion.
However, some difficulties and challenges remain.
As of early September 2025, the number of newly registered enterprises fell by 13.9% and newly registered capital dropped by 35.1% year-on-year, while the number of enterprises suspending operations rose by 11.1% and dissolutions increased by 15.4%.
The Party Committee of the HCMC People’s Committee has set out 11 priorities for the final quarter of 2025, focusing on boosting growth, streamlining governance, and improving social welfare.
Key measures include completing administrative restructuring, accelerating phase two of the city’s agency and public unit reorganization, and stepping up digital transformation.
Authorities pledged to push for double-digit GRDP growth by removing investment bottlenecks, speeding up public investment disbursement, and creating a more favorable business environment for the private sector.
The city will also review Resolution 98 to address policy barriers after its administrative merger, adjust urban planning, and accelerate infrastructure, transport, and social housing projects, with a target of 13,040 new units in 2025.
Other priorities include stronger environmental protection, deeper administrative reform, and promotion of science, technology, and digital innovation.
