HCM City’s economic growth projected at 5.87% in Q2
The gross regional domestic product (GRDP) of the southern economic hub of Ho Chi Minh City in the second quarter of this year is expected to expand by 5.87% year-on-year, according to Deputy Director of the municipal Statistical Office Tran Phuoc Tuong.
HCM City’s economic growth projected at 5.87% in Q2 (Photo: VNA)
HCM City (VNA) – The gross regional domesticproduct (GRDP) of the southern economic hub of Ho Chi Minh City in the secondquarter of this year is expected to expand by 5.87% year-on-year, according to Deputy Director of the municipal StatisticalOffice Tran Phuoc Tuong.
At a meeting on June 1, Tuong said the industrial, agricultural and service sectors all posted good growth, contributing to the GRDP's growth.
He reported that from the beginning of this year to May 20, the city has licensed 18,630 enterprises with registered capital of 178.78 trillion VND, up 7.9% in the number of licences but down 21.2% in capital volume year-on-year.
On the other hand,disbursement of public investment capital has accelerated; inflationhas begun to cool down while the business environment has graduallyimproved.
🐬 However, the city’s export situation is still facing difficulties when key markets have not recovered, Tuong said, adding that retail turnover of goods increased by 10.6% year on year.
Meanwhile, state budget revenue in the first five months of this year decreased by 4.5% year on year and reached 43% of the estimate. In order for the economy to gain better growth in the remaining monthsof the year, Tuong suggested that the city shouldcreate favourable conditions for businesses to access economic stimulusprogrammes, seek more potential export markets while continuing with administrative procedure reform and accelerating public investment capital disbursement,among others./.
Nine pedestrian bridges are being built over Hanoi Highway in Ho Chi Minh City to serve passengers at nine of the 11 elevated stations of the first metro line here, the HCM City Management Authority for Urban Railways has said.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
HCM City’s economic growth projected at 5.87% in Q2 (Photo: VNA) 
