HCM City (VNA) - Ho Chi Minh City’s gross regional domestic product (GRDP) is forecast to expand by approximately 8.03% in 2025, outpacing the national average and reaffirming the city’s role as a leading growth engine for the country.
Speaking at the opening session of the sixth meeting of the 10th-tenure municipal People’s Council on December 9, Chairman Vo Van Minh said the city had completed the consolidation of administrative units at all levels, implemented the two-tier local government model, and achieved notable socio-economic progress in 2025.
The city’s total GRDP value for 2025 is estimated at 2.74 quadrillion VND (103.93 billion USD), accounting for 23.5% of national GDP. GRDP per capita is projected to reach 8,066 USD. Foreign direct investment inflows are expected to total 8.16 billion USD, representing a 21.1% increase year-on-year. Trade and services continued to perform strongly, with total retail sales of goods and consumer service revenue rising by 13.5%, reflecting improved purchasing power and market confidence. The industrial production index is estimated to grow by 9%.
State budget revenue for 2025 is projected at around 746.44 trillion VND, 109.6% of last year’s figure, 111.4% of the assigned target and 107.3% of the target set by the municipal People’s Council, accounting for 31.2% of nationwide collections. Local budget revenue is estimated at about 533.85 trillion VND.
Local budget expenditure is forecast at approximately 282.06 trillion VND, providing crucial resources for infrastructure investment, social welfare and improving living standards. The city recorded the establishment of 59,750 enterprises, with total newly registered and additional capital estimated at over 2 quadrillion VND.
According to the municipal People’s Committee, HCM City has put into operation numerous key infrastructure and transport projects in 2025, as well as major works to prevent riverbank and canal erosion. It has also drawn up plans to implement the Can Gio International Transshipment Port project and the Soai Rap River dredging project.
The city is reviewing detailed planning for its port land and water areas and has completed a proposal on further developing and modernising the Cai Mep–Thi Vai International Gateway Port into the country’s largest transshipment hub with regional and global standing. It has also submitted to the municipal People’s Council plans to allocate preparatory investment capital for seven urban railway lines and two metro lines No. 1 and No. 2 in Binh Duong./.
