Ho Chi Minh City (HCMC) recorded total retail sales and consumer service revenue of over VND316.6 trillion (nearly $12.2 billion) in the first quarter of 2025, reflecting a 14.2% increase compared to the same period in 2024.

According to Mr. Nguyen Nguyen Phuong, Deputy Director of the municipal of Industry and Trade, the growth marks a strong recovery and development of the retail and consumer service sector of the southern city.

In March alone, total retail sales and consumer service revenue reached nearly VND109.99 trillion ($4.23 billion), marking an increase of 10.3% month-on-month and 17.5% year-on-year. This growth demonstrates positive signals for the city’s rapid economic recovery.

The city's industrial production also saw remarkable progress, with Index of Industrial Production (IIP) in March rising by 13.1% month-on-month and 8.1% year-on-year. Over the first quarter of 2025, the index grew by 6.8% year-on-year.

Furthermore, the industrial production of three traditional industries expanded by 14.4% compared to Q1 2024. Meanwhile, the consumption index for the entire manufacturing and processing industry reported an 11.2% growth, solidifying the city's industrial resurgence.

According to the City Statistics Office, the results of the Q1 business trend survey indicated significant improvements in the manufacturing and processing industry compared to Q4 2024. Specifically, 20.8% of businesses reported improved conditions, 46.3% noted stability, and 32.9% faced difficulties.