Ho Chi Minh City seeks investment push to meet double-digit growth goal
Authorities aim to mobilise more than ₫1.2 quadrillion for development investment and clear obstacles holding up projects.
Ho Chi Minh City's People's Committee is prioritising investment and the removal of project obstacles in November and December 2026, as the city pursues fourth-quarter economic growth of 13.23%. Its target for annual growth in gross regional domestic product is more than 10%.
The committee wants to draw more than ₫1.2 quadrillion into development investment. It is working to address difficulties involving planning, land and construction supplies, alongside investment approvals. Authorities are also seeking foreign investment for high-value projects, including data centres, logistics and finance, and helping companies access credit.
Progress on stalled developments is part of that effort. By the end of October, authorities had removed obstacles at 309 projects out of 921, representing 33.55%. They had identified ways to address problems at the other 612 projects.
Industrial output rose 11% over January–October 2026, while the manufacturing and processing sector expanded 11.4%. Revenue from retail goods and consumer services was estimated at ₫1.68 quadrillion, rising 14.7%. Tourism generated around ₫307.2 trillion, an increase of 37.71%.
To encourage spending, the city introduced the Vibrant HCMC programme, which runs from November 2026 through the Lunar New Year in 2027. It is targeting service-sector growth of 13.84% across November and December.
Investment disbursement in the city's export processing and industrial zones surpassed US$4.62 billion over January–October, according to the Ho Chi Minh City Export Processing and Industrial Zones Authority. The authority forecasts US$5.38 billion for 2026, up 15% from US$4.66 billion in 2025, and said it would help businesses expand and upgrade technology.
