Ho Chi Minh City recorded positive economic growth in the first month of 2026, showing a stronger recovery compared to the same period last year, according to the municipal People’s Committee.
Total retail sales of goods and consumer service revenue were estimated to rise 16.4% year-on-year, reflecting a rebound in purchasing power and domestic consumption, supported by targeted promotional programs and a stable macroeconomic environment.
Industrial production also posted robust gains, with the Industrial Production Index (IIP) climbing 29.6% over the same period last year. The manufacturing sector led the surge, expanding 34.5%.
Meanwhile, import-export activities showed solid momentum, with export turnover reaching $8.1 billion, benefiting from international economic agreements and preferential tariff schemes.
In terms of foreign investment, the city attracted $372.8 million in registered capital, a decline of 62.1% year-on-year.
Business formation remained vibrant, with 5,045 newly established enterprises in January, up 50.6% from a year earlier. Total newly registered capital reached VND36.15 trillion ($1.38 billion), an increase of 55.9%.
The city targets an economic growth of 10% in 2026.
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