On July 2, 1976, the former Saigon–Gia Dinh was officially renamed Ho Chi Minh City in honour of President Ho Chi Minh. Fifty years later, it has become Vietnam's economic powerhouse, accounting for 23.5% of the country's GDP. In 2025, the city posted a GRDP of nearly 3 quadrillion VND (approximately 115 billion USD), with per capita income reaching 8,755 USD.
Residents say Ho Chi Minh City presents diverse landscapes ranging from agricultural and eco-tourism areas to industrial zones, logistics hubs, coastal urban centres and protected natural environments, each contributing its own distinctive character.
Efforts should focus on attracting both foreign direct investment (FDI) and domestic investment, with priority given to high-tech and environmentally friendly projects.
Ho Chi Minh City’s economy is rebounding strongly, raising confidence among people and businesses, heard a recent meeting on local socio-economic situation.
Vietnam and Ho Chi Minh City in particular have remained appealing to foreign investors who are continuing to pour capital into the southern economic hub despite the COVID-19 pandemic.
The southern economic hub of Ho Chi Minh City attracted 3.21 billion USD in foreign direct investment (FDI) in the first six months of 2019, a year-on-year rise of 20 percent, according to the municipal People’s Committee.
Vietnam’s southern economic hub of Ho Chi Minh City is keen to implement health care cooperation programmes with Cuba, Vice Chairman of the municipal People’s Committee said at a reception for visiting Cuban Deputy Minister of Health Marcia Cobas Riuz on May 16.
Authorities in the southern largest economic hub of Ho Chi Minh City have been taking drastic measures in response to African swine fever after outbreaks were reported in the neighbouring province of Dong Nai.
The State-run Vietnam News Agency (VNA) has actively promoted the dissemination of policies and programmes of Ho Chi Minh City to local residents over the past time, helping the city maintain its position as the southern economic hub of the country in all aspects.
Vietnam’s southern economic hub of Ho Chi Minh City is keen to boost cooperation with Micronesia in such potential fields as agriculture, aquaculture, environmental protection, tourism, and education-training.
Remittance inflows to the southern largest economic hub of Ho Chi Minh City in the first five months of this year reached 2 billion USD, almost double the figure in the first quarter of 2018.
A delegation of leading Swedish firms in mining, finance-banking, hi-tech, construction, transport and logistics is on a visit to Ho Chi Minh City to seek investment opportunities in the southern economic hub.
HCM City has numerous projects open for foreign investment, Secretary of the municipal Party Committee Nguyen Thien Nhan said at a reception for investors from Singapore and Australia on March 6.
Ho Chi Minh City welcomed the six millionth international visitor to the southern economic hub during the year at Tan Son Nhat International Airport on December 15.
The Government’s monthly meeting featured discussions on pilot development mechanisms for Ho Chi Minh City, with a plan to be submitted to the National Assembly during its ongoing fourth session for review.
Former US Secretary of State John Kerry said he wants to assist Ho Chi Minh City in attracting foreign investment at a meeting with Secretary of the municipal Party Committee Nguyen Thien Nhan in Hanoi on June 21.
The Southern economic hub is rushing to realise its traffic infrastructure plan in which nearly 700km of expressway is expected to be built over the next five years.
Ho Chi Minh City and Nagano Prefecture of Japan need to boost economic ties for their development, agreed the two sides’ leaders at a meeting in Vietnam’s southern economic hub on October 26.
