Ho Chi Minh City aims for double-digit economic growth in 2025, requiring a substantial investment of approximately VND620 trillion. Of this, VND510 trillion is expected to come from social investment capital.
To achieve this ambitious goal, the city has been implementing comprehensive and decisive measures since the beginning of the year.
HCMC mobilizes capital from many sources
Ho Chi Minh City needs to mobilize approximately VND450-500 trillion in 2025 to achieve its economic growth target, according to the Department of Planning and Investment. Non-state capital is expected to play a decisive role, contributing around VND350-400 trillion.
Key capital sources include public investment, public-private partnerships (PPP), state-owned enterprises, domestic private investment, and foreign direct investment (FDI). Among these, the city prioritizes public investment as the driving force for economic development.
According to the plan, public investment capital in 2025 will reach about VND112,000 billion, accounting for 25 percent of total social investment capital. The city will focus on disbursing about VND84,000 billion to ensure the progress of key infrastructure projects. For state-owned enterprises, in 2024 they contributed quite an impressive amount of revenue to the budget. In 2025, they will focus on restructuring to improve operational efficiency, towards forming corporations and general companies with the ability to invest large amounts and apply high technology.
The 2025-2030 strategy for restructuring state-owned enterprises will simultaneously improve capital mobilization and investment efficiency.
According to Deputy Director of the Department of Planning and Investment Dinh Khac Huy, this year public-private partnership (PPP) is also being promoted. It is expected that the city will implement 10 projects under the PPP method with a total investment capital of more than VND100,000 billion which is mainly poured into the fields of transportation, health, education, sports and culture.
In addition, the city focuses on attracting investment for key projects. It also estimates that FDI capital in 2025 will reach VND45,000 billion accounting for 10 percent of total investment capital while domestic private capital will reach VND292,000 billion accounting for 65 percent.
Last but not least, the southern largest city has been promoting investment in strategic areas such as international transit ports, innovation, clean energy, semiconductor industry and logistics.
HCMC races against time to mobilize capital since early 2025
With public investment as the primary capital source, Ho Chi Minh City remains committed to achieving a 95 percent disbursement rate this year. The city aims to disburse at least 15 percent in the first quarter, over 35 percent by the second quarter, and more than 70 percent by the third quarter.
To meet these targets, authorities will closely monitor monthly disbursement progress, accelerate site clearance compensation, enhance decentralization to local governments, and enforce stricter discipline in fund allocation.
The Chairman of the Ho Chi Minh City People's Committee has called for acceleration of critical projects, including the connecting road for Tan Son Nhat Airport's T3 terminal and infrastructure projects for the Buddha’s Birthday (Vesak) festival. He emphasized that these initiatives must not face delays due to funding shortages or procedural hurdles.
Ho Chi Minh City's Xuyen Tam canal project, encompassing dredging, environmental improvements, and infrastructure development, is scheduled to start on April 30. Looking ahead to 2025, investors are particularly interested in the release of two major planning documents: the Ho Chi Minh City plan for 2021-2030, with a long-term vision to 2050, and the Thu Duc City general plan extending to 2040.
Chairman Phan Van Mai of the municipal People's Committee has pledged to provide the most favorable conditions for investors throughout the investment process.
The southern metropolis is looking far into the future, with a general planning project extending to 2040 and a vision to 2060, which will soon be submitted to the Prime Minister for approval, according to the Chairman of the Ho Chi Minh City. The city has also developed a plan for implementing its current planning and is proactively preparing for specialized urban technical infrastructure planning, zoning, and detailed planning.
To boost foreign direct investment (FDI), the city is actively implementing a strategy to enhance FDI efficiency for the 2023-2025 period, with a focus on high-tech industries, supporting industries, and international financial centers. Developing the Ho Chi Minh City International Financial Center remains a top priority, serving as a key capital mobilization channel to attract major investment for economic growth.
Ho Chi Minh City is establishing a crucial foundation to attain its double-digit growth target by 2025, driven by a commitment to mobilize extensive resources and implement solutions in a coordinated manner from the start of the year. This initiative underscores the city's position as the economic engine of the nation.
