HCM City records strong economic growth in first eight months

Ho Chi Minh City’s economy recorded strong growth across several key sectors in the first eight months of 2026, with foreign direct investment (FDI) reaching more than $10.06 billion, up 167.3% year-on-year, according to the municipal Department of Finance.

Total retail sales of goods and consumer service revenue exceeded VND1.3 quadrillion ($49.4 billion), representing a 13.7% increase from the same period last year.

The tourism sector also posted robust growth, welcoming 7.77 million international visitors, up 38.5% year-on-year, along with 35.49 million domestic tourists.

Industrial production continued its positive trajectory, with the Index of Industrial Production (IIP) rising 10.8%. The processing and manufacturing sector remained the key driver of industrial growth.

The city’s export turnover reached $65.83 billion during the eight-month period, an increase of 7.82% year-on-year, while imports stood at $72.69 billion, up 11.86%.

For 2026, the city has set an ambitious target of achieving annual gross regional domestic product (GRDP) growth of more than 10%.