At the fifth conference of the Ho Chi Minh City Party Committee for the 2025–2030 term, in the afternoon on April 1, Director Hoang Vu Thanh of the Department of Finance outlined the city’s plan to achieve double-digit economic growth.
According to Director Hoang Vu Thanh, to meet this target, the city will fully leverage special mechanisms under Resolution No. 260/2025/QH15 (amending Resolution 98) to resolve long-standing stalled projects. It will also strengthen the role of Task Force 1279 to address legal bottlenecks in major projects and unlock hundreds of trillions of dong in delayed capital.
Notably, the city has committed to cutting at least 50 percent of both administrative processing time and compliance costs, providing greater certainty for businesses to pursue long-term investments.
The city also aims to mobilize approximately VND1.18 quadrillion in total social investment in 2026, with the non-state sector accounting for the majority with over VND1.032 quadrillion. It will accelerate public-private partnership (PPP) projects to attract mega, large-scale, and strategic investments, particularly through transit-oriented development (TOD) models along metro lines and Ring Road 3.
The Director added that public investment in 2026 is tasked with “leading and catalyzing” growth, with a planned allocation of around VND148 trillion. The city is determined to achieve a 100 percent disbursement rate by applying the principle of “on-site decision-making and on-site problem-solving,” especially in land clearance and compensation.
Investment will be prioritized for projects with strong network effects, including metro lines, Ring Roads 2, 3, and 4, as well as digital infrastructure, laying the foundation for the digital economy to account for 30 percent–40 percent of GRDP.
The Department of Finance has developed and issued a strategic plan for attracting foreign direct investment (FDI) in Ho Chi Minh City, aimed at formalizing the target of securing US$11 billion in foreign capital for 2026.
During the first quarter, the city successfully attracted $2.9 billion through new projects and capital adjustments. Forecasts suggest an additional inflow of approximately $8.9 billion in the second quarter, with total FDI expected to reach the $11 billion mark by the end of the third quarter, effectively achieving 100 percent of the annual target ahead of schedule.
