Ho Chi Minh City maintained strong economic momentum during the first five months of 2026, with key economic indicators recording solid growth and largely tracking the city's development targets.
According to the municipal People's Committee, total retail sales of goods and consumer service revenue reached VND799.9 trillion ($30.4 billion) during the period, up 12.8% year-on-year.
Tourism remained a standout performer, generating VND193 trillion in revenue, equivalent to 58.5% of the city's annual target and representing a sharp increase of 78.9% compared with the same period last year. The city welcomed more than 5.59 million international visitors and 22.96 million domestic tourists.
External trade also continued to expand steadily. Export turnover reached $39.47 billion, up 5.3% from a year earlier, while imports rose 10.8% to $44.29 billion.
Industrial production remained a key growth driver. The Index of Industrial Production (IIP) increased 11% year-on-year, led by the manufacturing and processing sector, which posted growth of 11.8%.
The business environment showed encouraging signs of recovery and expansion. During the first five months, 24,784 new enterprises were established, an increase of 29.1% compared with the same period in 2025. In addition, 9,688 businesses resumed operations.
Foreign investment inflows remained robust, with the city attracting more than $3.8 billion in foreign direct investment (FDI), up 20.3% year-on-year.
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