This objective is outlined in the recently issued plan by the Ho Chi Minh City People's Committee (UBND) for implementing key tasks to boost socio-economic growth in the final months of 2025.

In the first six months of the year, the city's growth rate was 6.56%, and 7.49% excluding crude oil. Therefore, the 10.3% target for the remaining period ensures the annual GRDP growth of the economic hub reaches at least the targeted 8.5%. The city hopes this result will create momentum for double-digit growth in the following years.

Ring Road 3 interchange with the Ho Chi Minh City - Long Thanh Expressway. Photo: Phuoc Tuan

Ring Road 3 interchange with the Ho Chi Minh City - Long Thanh Expressway. Photo: Phuoc Tuan

Previously, at a regular meeting on 9/8 to assess the socio-economic situation for the first seven months, Ho Chi Minh City People's Committee Chairman Nguyen Van Duoc emphasized that to achieve the government-assigned annual growth target of 8.5%, the GRDP needs to increase by at least 10.3% to 10.5% in the last five months of the year.

The city will address difficulties, accelerate key projects, and increase public investment disbursement to stimulate and effectively attract social resources. As of 14/8, Ho Chi Minh City disbursed over 48,700 billion VND, reaching 41% of the government's assigned plan.

The city will continue administrative reforms, easing difficulties for production and business activities, and enhancing the economy's competitiveness. The UBND requires departments, sectors, and localities to effectively exploit specific mechanisms and policies, and maximize the advantages of its strategic location for the highest growth possible.

After merging with Binh Duong and Ba Ria - Vung Tau, Ho Chi Minh City envisions itself as an "international megacity" of Southeast Asia, with a GRDP per capita of approximately 14,000 to 15,000 USD by 2030, and aims to be among the top 100 best cities in the world by 2045.

Vien Thong