HCM City's GRDP grows 7.5% in Q1

Ho Chi Minh City recorded a GRDP growth rate of over 7.5% year-on-year in the first quarter of 2025, marking the highest first-quarter increase since 2020, according to the municipal Department of Finance.

Growth comes from the upturn in most fields. Of which, services rose 8.72%, industry and construction surged 5.94%, and agriculture, forestry and fishery jumped 0.27%.

The city’s export revenue reached $11.7 billion, up 5.55% compared to the same period last year, while import value was estimated at $15.6 billion, soaring 15% year-on-year.

Total retail sales of consumer goods and services amounted to over VND316.6 trillion ($12.1 billion), up 14.2% year-on-year.

The tourism sector posted impressive growth with total revenue of more than VND56.6 trillion ($2.18 billion) in the three-month period. The city welcomed over 1.64 million international tourists and 8.57 million domestic visitors.

FDI attraction reached over $567 million, a year-on-year rise of 23.4%.