HCM City posts economic growth of 3.82 percent in H1
Ho Chi Minh City recorded growth of 3.82 percent in gross regional domestic product (GRDP) in the first half of 2022, according to its Statistics Office.
The economy of HCM City has expanded by 3.82 percent in the first half of 2022. (Photo: VNA)
Hanoi (VNA) – Ho ChiMinh City recorded growth of 3.82 percent in gross regional domestic product (GRDP)in the first half of 2022, according to its Statistics Office.
Product tax collection increased2.03 percent, trade and services 4.83 percent, agriculture - forestry -fisheries 1.77 percent, and industry - construction 2.23 percent.
Notably, trade and services generatednearly 99.66 trillion VND (4.3 billion USD) in revenue in June and almost 556.49trillion VND in the first six months, respectively rising 41.1 percent and 6.2percent from a year earlier.
Such positive growthindicated that sectors are recovering well, especially trade and services, theStatistics Office said.
Meanwhile, the southerneconomic hub has welcomed nearly 216,000 international arrivals since thebeginning of June, doubling the figure in the same period last year. Thesix-month number also surged 100 percent year on year to approximate 478,000,equivalent to 13.7 percent of this year’s target, the municipal TourismDepartment reported.
More than 2 million domestictourists have also come to HCM City this month, raising the H1 figure to over11 million, up 43.1 percent year on year and equivalent to 61.6 percent of thetarget for 2022.
HCM City earned 49.68 trillionVND in tourism revenue in H1, rising 29.9 percent and equivalent to 73.5percent of the target./.
Ho Chi Minh City is implementing a programme that seeks to restore capital resources for investment in transport infrastructure to drive socio-economic recovery and growth for 2022 – 2025.
Ho Chi Minh City’s retail sales of goods topped 57.75 trillion VND (2.49 billion USD) in May, up 3.08 percent against the previous month and 13.8 percent from a year earlier, a report released last week by the city Department of Industry and Trade has said.
Ho Chi Minh City’s Department of Industry and Trade has recently announced the 2022 summer shopping stimulus programme and a plan to promote production and business activities in the city in the last months of this year.
Ho Chi Minh City is striving to stop the production and import of single-use plastic products, non-biodegradable plastic bags and microplastic items to lower plastic waste pollution and treatment costs.
The Ho Chi Minh City People’s Committee has approved a list of 197 projects worth 43 billion USD calling for investments in 2022, as proposed by the municipal Department of Planning and Investment.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
The economy of HCM City has expanded by 3.82 percent in the first half of 2022. (Photo: VNA) 
