HCMC – HCMC’s consumer price index (CPI) last month increased by 0.92% compared to the previous month and by 4.29% year-on-year, according to the city’s Statistics Office.
On February 5, the HCMC People’s Committee held a conference to review the support program for the underprivileged on the occasion of the 2025 Lunar New Year, assess the socio-economic performance in January, and outline tasks and solutions for February.
Data showed that the city’s total retail sales of goods and services reached VND107,996 billion, a 7.5% increase, while tourism revenue surged by 42.6% to over VND18.3 trillion. Budget revenue totaled VND72.6 trillion.
Despite these gains, the city’s index of industrial production (IIP) declined by 21.1% from the previous month and by 9% compared to the same period last year due to the Lunar New Year holiday.
Phan Van Mai, chairman of the HCMC People’s Committee, said that for the city to achieve double-digit economic growth, the industrial sector must expand by over 10%, requiring appropriate policies to support industrial production.
To address the slowdown in import and export activities, he urged the finance sector and relevant stakeholders to conduct in-depth analyses and propose solutions, including policies to support trade operations.
Le Thi Huynh Mai, director of the HCMC Department of Planning and Investment, highlighted that the city will implement public investment projects worth over VND84 trillion, prioritizing full capital allocation in the first quarter.
Additionally, HCMC plans to execute 10 public-private partnership (PPP) projects with a total investment of VND100 trillion while continuing to attract investment in healthcare, education, sports, and culture through 41 projects.
Improving the investment environment remains a key focus, with efforts to address challenges and attract both foreign direct investment (FDI) and private sector capital.
This year FDI disbursements are expected to amount to around VND66 trillion, while the private sector is projected to contribute VND442 trillion, including VND178 trillion from FDI through new projects, expansions, and mergers and acquisitions.
