On the afternoon of May 8, the Ho Chi Minh City People's Committee held a meeting on the socio-economic situation in April and the first 4 months of 2026; and at the same time deployed key tasks and solutions for May 2026.
Speaking at the meeting, Vice Chairman of Ho Chi Minh City People's Committee Hoang Nguyen Dinh said that the city is entering a peak period of implementing many major tasks, especially implementing the directions of General Secretary and President To Lam at the working session with the Standing Committee of the Ho Chi Minh City Party Committee.
According to Mr. Hoang Nguyen Dinh, Ho Chi Minh City will focus on properly assessing the growth drivers to ensure the double-digit growth target in 2026 and the following years.
The city will also deeply analyze growth pillars such as investment, consumption, exports, FDI attraction, private economic development, science and technology, innovation and digital transformation; and clearly identify bottlenecks and development potential to propose breakthrough solutions for each sector.
Regarding the disbursement progress of public investment capital which is still lower than the national average in the first 4 months of the year, leaders of the Ho Chi Minh City People's Committee requested departments and branches to closely review the implementation progress, considering this as a key task to promote growth and create a spillover effect for the entire economy.
In addition, the city also focuses on budget revenue collection, towards the goal of reaching 1 million billion VND in 2026. Relevant agencies are required to specifically analyze each revenue source, thereby proposing appropriate management solutions in the coming time.
In the first 4 months of 2026, Ho Chi Minh City focuses on implementing the GRDP growth target of over 10%, associated with the "6 clear" principle, while strengthening inspection, urging and removing difficulties and obstacles in the process of task implementation. Thanks to that, the city's economy continues to maintain positive growth momentum in many fields.
Director of Ho Chi Minh City Department of Finance Hoang Vu Thanh said that the total retail sales of goods and consumer service revenue accumulated in the first 4 months of the year is estimated at 639.349 billion VND, an increase of 13.2% compared to the same period last year. In which, the retail, accommodation - catering, travel and other services sectors all recorded a fairly good increase, showing that domestic demand continues to be an important pillar of the economy.
Tourism continues to be a bright spot when actively contributing to service growth, consumption and job creation. Total tourism revenue in the first 4 months of the year is estimated at 172,000 billion VND, equal to 52.1% of the year plan.
Import and export activities maintain stable growth momentum. Export turnover in the first 4 months of the year is estimated at 30.91 billion USD, an increase of 4.25%; while import turnover reached about 33.99 billion USD, an increase of 8.06% compared to the same period.
The industrial sector continued to recover positively with the index of industrial production (IIP) increasing by 11.2%.
Notably, total registered FDI capital in the first 4 months reached nearly 3.3 billion USD, an increase of 127.1% compared to the same period in 2025 and equal to 30.2% of the annual plan.
Ho Chi Minh City has also approved the investment policy for 12 projects, adjusted to increase capital for 4 domestic investment projects with a total capital of about 209,000 billion VND; and approved the list of investment attraction projects for the period 2026 - 2030.
Regarding budget revenue, total state budget revenue in the first 4 months of the year is estimated at more than 325,700 billion VND, equal to 40.5% of the central government's assigned estimate and an increase of 17.9% compared to the same period in 2025.
