Ho Chi Minh City Mobilizes Over $24 Billion to Achieve Double-Digit Growth in 2025

Overview Description

Ho Chi Minh City is targeting double-digit economic growth (≥10%) in 2025 by mobilizing its largest-ever investment, totaling over $24 billion. This funding will be allocated to socio-economic and infrastructure development projects to achieve ambitious Gross Regional Domestic Product (GRDP) growth goals.

Key Indicators

• 2025 GRDP Growth Target: ≥10%.

• Total Required Investment:

  • Public Investments: $4.3 billion (VND 110 trillion).

  • Non-Budgetary Sources: $20.1 billion (VND 510 trillion), including:

    • Bank loans.

    • Foreign Direct Investment (FDI).

    • Overseas remittances.

Role of Banks

• 9 Major Partner Banks: Vietcombank, VietinBank, BIDV, Agribank, VPBank, MB, ACB, Sacombank, Saigonbank.

• Provide funding through syndicated loans, central and municipal bond issuance, and innovative capital mobilization mechanisms.

Vision for 2026-2030

• Annual GRDP Growth Target: 9-10%.

• Total Funding Needed:

  • At least $173.3 billion (VND 4,400 trillion).

  • Could rise to $197 billion (VND 5,000 trillion) under the Prime Minister’s directive.

Key Initiatives

• Infrastructure Development: Focus on priority socio-economic projects.

• Investment Partnerships: Engage private and international sectors through innovative financing models.