With the goal of maintaining double-digit economic growth during the 2026–2030 period, Ho Chi Minh City is finalizing a comprehensive action plan, which prioritizes strategic infrastructure, science and technology, innovation, and digital transformation to create a foundation for long-term growth.
Under Plan No. 83-KH/TU recently issued by the municipal People’s Committee, the city aims for rapid and sustainable development. HCMC intends to further solidify its role as the nation's economic engine and the primary growth pole of the country's Southeast region while striving for annual double-digit growth rates throughout 2026–2030.
By 2030, the city aims to become a civilized, modern urban center and a Southeast Asian hub for innovation, finance, and services. Looking further ahead to 2045, the city aspires to become a leading international megacity and a top Asian center for economics, finance, trade, and services.
To realize these goals, the city will focus on refining its development institutions to be more modern and synchronized, while promoting decentralization and the delegation of authority. A key part of the strategy involves building a digital government, digital economy, and digital society. Science, technology, innovation, and digital transformation have been identified as the primary drivers of growth in the coming period.
Strategic technology sectors prioritized for development include Artificial Intelligence (AI), semiconductors, Big Data, Cloud Computing, biotechnology, new materials, and renewable energy.
Simultaneously, Ho Chi Minh City will continue to restructure its economy to enhance productivity, quality, and competitiveness. This includes promoting the maritime economy, logistics, international financial center, high-quality tourism, and other high-value-added service industries.
Regarding public investment, resources will be prioritized for strategic infrastructure, national key projects, regional connectivity initiatives, and projects with high "spillover effects" that create growth momentum for both the city and the surrounding region.
The plan also emphasizes the necessity of balancing economic growth with social progress and justice. This includes improving the quality of education, healthcare, culture, and social welfare; protecting the environment; and adapting to climate change. Furthermore, the city will ensure national defense and security while stepping up international integration to improve the quality of life for its citizens and ensure fast, sustainable development.
Google translate