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Aug. 25, 2026, 04:42 AM
VTV.vn - Ho Chi Minh City is expected to break ground on five social housing projects with around 10,000 apartments on National Day, 2 September, according to the city Department of Construction.
Tags: HCMC
NA Chairman Tran Thanh Man praised Ho Chi Minh City's preparations for the draft Law on Urban Development, describing it as a landmark piece of legislation that signals a shift in state thinking from urban administration to modern urban governance focused on enabling development.
Despite the positive headline figures, analysts caution that actual purchasing power has yet to recover fully.
Ho Chi Minh City is currently home to 20,259 FDI projects with total registered capital of nearly 142 billion USD from 152 countries and territories. In the first half of 2026, the city attracted more than 6.8 billion USD, fulfilling 62% of its annual target.
According to the National Statistics Office, cultural industries contributed about 3.54% of Ho Chi Minh City's gross regional domestic product (GRDP) in 2020. The figure rose to around 5.7% in 2025 and is expected to continue growing.
According to the municipal People's Committee, the projects are financed through a combination of public investment, public-private partnerships (PPP) and private capital, reflecting the Government's policy of promoting private sector development.
The city's People's Committee has proposed allocating an additional 665 billion VND (about 26 million USD) to cover 100% of bus fares during the six-month period.
The concert will celebrate the timeless masterpieces of Russian composers Pyotr Ilyich Tchaikovsky and Modest Mussorgsky, and Hungarian Béla Bartók.
According to the Ministry of Industry and Trade, Vietnam’s exports reached 215.66 billion USD in the first five months of 2026, up 19.5% year-on-year. Twenty-six export items generated more than 1 billion USD in revenue each, including seven with turnover exceeding 10 billion USD.
Despite its vibrant lifestyle and strong demand for entertainment, Ho Chi Minh City’s night-time economy has yet to realise its full potential.
The initiative is considered a pioneering step in local governance, aiming to place people’s satisfaction and quality of life at the centre of policy-making and development planning.
Nguyen Huu Huan, Deputy Chairman of the VIFC Ho Chi Minh City Executive Board, said the concept of a maritime financial centre should be understood as a comprehensive system rather than a standalone trading platform.
The tourism cooperation between Ho Chi Minh and expanded northwestern provinces is seen as an important step toward sustainable tourism growth and enhancing Vietnam’s tourism brand in the international market.
The Tall Building Forum 2026 was held in Ho Chi Minh City on May 14, offering forward-looking insights into sustainable urban high-rise development.
Ho Chi Minh City is seeing a sharp surge in foreign direct investment into hi-tech sectors, especially data infrastructure, a cornerstone of the digital economy.
Leading the charge in this massive building spree is the new central city square in the core of the Thu Thiem new urban area. Spanning more than 20 ha, it’s the crown jewel of the Central Square and new administrative center complex.
A defence official underscored that the mission bears profound political, social and humanitarian significance, contributing directly to paying tribute to war martyrs and reinforcing public trust in the Party, State and army.
As the city has set a GRDP growth target of over 10% for 2026, growth in the first half must reach at least 10.3%, with the second quarter alone tartgeted at 11.59–12.49% (average 12.04%).
Tourism in Ho Chi Minh City is not only expanding in scale but also shifting strongly toward improving visitor experience, strengthening connectivity and enhancing its spillover effects.
Ho Chi Minh City is accelerating the development of green, eco-friendly, and smart industrial parks, positioning them as a key platform to attract next-generation foreign direct investment (FDI), strengthen competitiveness, and deepen integration into global supply chains.
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