Ho Chi Minh City Achieves Unprecedented Economic Surge

In the first quarter of 2026, Ho Chi Minh City has demonstrated remarkable economic vitality, posting an 8.27 percent growth rate—the highest within a five-year frame for this period. This impressive outcome reflects the city’s robustness and its capacity to rebound amidst worldwide economic challenges, such as increasing logistics expenses and surging energy costs.

The service sector has emerged as the dominant force behind this growth, expanding by 8.91 percent and accounting for over half of the city’s total economic output. Significant advancements in transportation, logistics, and e-commerce have catalyzed this development, with the transport and warehousing sector alone witnessing a growth exceeding 12 percent.

Additionally, investment activities have gained notable traction, with foreign direct investment (FDI) approaching nearly 2.9 billion US dollars—a substantial uptick compared to the previous year. The region has successfully attracted significant investments in technology, manufacturing, and digital services, further solidifying its status as a pivotal economic hub in Southeast Asia.

Looking to the future, the city is committed to sustaining this robust growth trajectory by prioritizing infrastructure development, the expansion of the digital economy, and innovation. Authorities have established an ambitious goal of exceeding 10 percent economic growth by the end of 2026, bolstered by policy reforms and new development strategies.