The Ho Chi Minh City People's Committee (UBND TP HCM) outlined this as one of the socio-economic targets for 2026 at the 2025 review conference on the afternoon of 6/1.

The 2026 target of 9,800 USD represents a 12% increase from 2025's per capita GRDP of 8,755 USD. This figure is nearly double the national average GDP per capita of 5,026 USD recorded last year.

Per capita GRDP is an indicator that reflects the average production output per person over one year. It assesses economic development over time and allows for comparison among localities.

This year's per capita GRDP target for TP HCM aligns with a local economic growth goal of over 10%. This is the highest of three growth scenarios set by UBND TP HCM for 2026, alongside the base scenario (8,5-9%) and the striving scenario (9,5%).

In 2025, the city's economy grew by 8,03% and 7,53% (including oil and gas).

Chairman of the Ho Chi Minh City People's Committee Nguyen Van Duoc at the conference on the afternoon of 6/1. *Photo: VPUB*

To achieve the 2026 targets, Chairman of the Ho Chi Minh City People's Committee Nguyen Van Duoc stated that the city will continue to focus on three traditional growth drivers: production, consumption, and export. Concurrently, the city will develop three new drivers: an international financial center, a logistics seaport system, and innovation, green and digital transformation.

Additionally, the city will prioritize the implementation of key projects to transform its urban landscape and fundamentally address three bottlenecks: flooding, traffic congestion, and environmental pollution. Duoc stressed that strategic infrastructure projects, such as the expansion of National Road 22, National Road 13, Ring Road 4, Can Gio Bridge, Thu Thiem Bridge, and Metro lines, must be implemented on schedule and meet quality standards.

"If these projects are executed well, public investment disbursement will exceed targets and contribute significantly to future growth", he remarked.

In 2025, the city disbursed over 89,000 billion VND in public investment capital, achieving 74% of the Prime Minister's plan. It is expected that disbursement will reach 95% of the plan by the end of the 2025 fiscal year, which is 31/1.

TP HCM will continue to innovate its growth model, basing it on science - technology, innovation, and digital transformation. It will also promote the digital economy, green economy, and circular economy. Specifically, the digital economy aims to account for 30% of GRDP.

By Vien Thong