Ho Chi Minh City Economy

Ho Chi Minh City is preparing to merge with Binh Duong and Ba Ria - Vung Tau. Photo: Anh Tu

HCMC prepares to welcome the investment wave when merging with Binh Duong, Ba Ria - Vung Tau

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Ho Chi Minh City needs to develop a strategy and plan in May and June to anticipate the wave of investment and business after merging with Binh Duong and Ba Ria - Vung Tau.

The Ring Road 3 section through Thu Duc City (HCMC) is constructing the elevated road. Photo: Anh Tu

Chairman Nguyen Van Duoc: 2025 has special significance for Ho Chi Minh City

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Ho Chi Minh City focuses on developing infrastructure, removing investment bottlenecks, creating momentum for businesses to expand production, aiming for growth of over 10%.

HCMC is currently retaining 21% of the budget. Photo: Anh Tu

HCMC wants to keep budget ratio at least 21% after 2025

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Ho Chi Minh City recommends continuing to maintain the budget regulation rate at a minimum of 21% after 2025 to meet development needs.