Enterprises proactively respond to fluctuations
In the first 6 months of 2025, Ho Chi Minh City's socio-economic recovery continued to maintain a positive recovery momentum, with a growth rate of about 7.4%. In particular, the service sector increased by 8.5%; State budget revenue reached about 60% of the annual plan. The business sector continues to recover, contributing significantly to the overall growth of the city.
Ho Chi Minh City is implementing a two-level government model. Although there is still much confusion, all levels and relevant sectors are taking action with a spirit of urgency and seriousness to resolve the problems...
In the context of many fluctuations in the global economy, the business community of Ho Chi Minh City is especially interested in major policy changes, especially from the US market - which is expected to apply a new counterpart tax policy in the coming time. These adjustments not only affect Vietnam's import and export activities but also have a wide impact on global trade.
Mr. Nguyen Ngoc Hoa - Chairman of the Ho Chi Minh City Business Association (HUBA) - emphasized: "Vietnamese enterprises need to proactively monitor regional conflict developments, thereby having a market restructuring strategy, avoiding dependence on a single market. This is a vital problem to not only adapt but also take advantage of opportunities to expand to new markets and corridor markets".
Restructuring the organization and supporting businesses in the face of new challenges
In the coming time, HUBA will continue to support businesses to recover production and respond to market risks. A notable issue is the US countervailing tax policy, which includes the content of controlling "transit goods" - especially Chinese goods that pass through Vietnam and then export to the US. This requires Vietnamese enterprises to clearly prove their origin to avoid being subject to high taxes. vulnerable groups of goods include agricultural products (co coffee, pepper, fresh fruits), seafood, and wood products of clear origin such as American wood.
HUBA has proposed that the Ho Chi Minh City People's Committee expand the scope of interest rate support policies (according to Resolution 98 of the National Assembly and Resolution 09 of the Ho Chi Minh City People's Council) to both enterprises in the old Binh Duong and Ba Ria - Vung Tau. At the same time, it is proposed to add new areas to the supported list, especially areas related to green transformation such as investment in electric charging stations and infrastructure for electric vehicles.
One of HUBA's specific proposals is to include items such as charging stations and green infrastructure systems in the interest rate incentive program, to promote businesses to participate more strongly in the sustainable transformation process, in line with the State's green development orientation.
Regarding difficulties in using old packaging and labels due to changes in administrative locations after the merger, businesses proposed allowing businesses to continue using packaging with old packaging labels until they are used up. The new packaging will be updated with the new place name according to regulations. At the same time, it is recommended that management agencies update administrative systems and land use data to support businesses in converting procedures conveniently and saving costs.
