Ho Chi Minh City recorded over VND444.8 trillion ($17 billion) worth of retail sales of consumer goods and services in the first four months of the year, skyrocketing 20% compared to the same period of 2024, according to the municipal People’s Committee.

In April alone, the revenue reached VND128.8 trillion ($4.9 billion), up 37.6% year-on-year. Of the total, the tourism sector contributed more than VND19.9 trillion ($762 million), surging nearly 30% year-on-year.

During the four-month period, the city’s industrial production continued to develop significantly with the Index of Industrial Production (IIP) increasing 7.9% year-on-year, the highest growth in the past four years.  

In the period, the municipal authorities granted licenses for 10,375 new enterprises with total registered capital of over VND61.48 trillion ($2.35 billion).