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Ho Chi Minh City Rebounds, Sets Future Development Goals

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Photo courtesy of Vietnam News

 

Ho Chi Minh City successfully navigated the 2020–25 period, overcoming significant obstacles to lay a foundation for future development. The city adapted to international and domestic challenges, highlighted by the rapid industrial revolution and the COVID-19 pandemic, which strained the economy and society. During this time, the city also faced resource limitations, institutional hurdles, and changes in key government positions.

 

The upcoming first Congress of the HCM City Party Organisation for the 2025–30 tenure, scheduled for October 13–15, will address these issues. HCM City demonstrated resilience by rallying public consensus and achieving prominent socio-economic goals, thus providing a solid platform for future progress. The city successfully revived its economy post-COVID-19 by focusing on innovation, technological advancements, and restructuring key sectors.

 

In a significant administrative reform on July 1, Bình Dương and Bà Rịa–Vũng Tàu were integrated into HCM City, each bringing unique strengths. Bình Dương emerged as a major industrial center, while Bà Rịa–Vũng Tàu thrived in sectors like tourism and renewable energy. These expansions positioned the enlarged HCM City as a pivotal economic hub, with its GRDP expected to reach VNĐ3,000 trillion ($113.6 billion) in 2025.

 

Service sectors have modernized, and trade quality has improved. Industries pivoted towards high-tech applications, and agriculture embraced sustainable practices. The recovery of labor and gradual growth of the real estate market reflect this well-rounded development. Investments aimed at education, healthcare, and socio-cultural sectors have led to international reforms and comprehensive improvements in these areas.

 

The policy and governance landscape saw enhancements in transparency, anti-corruption measures, and public accountability. The local government restructured administrative units and fostered digital transformation, improving service efficiency. Regional cooperation expanded, as HCM City played a significant role in developing the southeast and Mekong Delta regions.

 

Looking forward, strategic initiatives and special policies are planned to bolster infrastructure, digital advancements, and human resource development. The city aims to maintain its role as a leader in economic growth and innovation, supported by guidance from higher authorities and contributions from various sectors of society.

 

Key Takeaways

  • HCM City overcame pandemic-related challenges, bolstering economic foundations.
  • Bình Dương and Bà Rịa–Vũng Tàu joined HCM City, enhancing industrial and tourism sectors.
  • Strategic regional cooperation and sustainable development are key future focal points.

 

Click here for more Vietnam stories

 

image.png  Adapted by ASEAN Now from Vietnam News 2025-10-13

 

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