HCM City retail grows by more than 11 percent in 2017
HCM City’s retail sector has been growing steadily, achieving an 11.3 percent increase by the end of 2017 compared to 2016, according to the city’s Department of Industry and Trade.
Customers shop at Co.opmart in HCM City (Photo: VNA)
HCM City (VNA) - HCM City’s retailsector has been growing steadily, achieving an 11.3 percent increase by the endof 2017 compared to 2016, according to the city’s Department of Industry andTrade.
According to the department, the total revenueof the retail sector last year was over 923.84 trillion VND (40 billion USD).
Revenue from retail sales was 594.65 trillion VND,accounting for 64.4 percent of total retail revenue (retail sales and retailservices).
The city had 207 supermarkets in 2017, anincrease of 18 compared to 2016. At least 116 of them are domesticsupermarkets, while 91 are foreign-owned.
In addition, there were around 43 shopping mallsin 2017, three more than in 2016. Fourteen of them are foreign owned. Therewere around 1,100 convenience stores in 2017, 218 more compared to 2016. – VNA
EuroCham will implement a number of cooperation programmes with HCM City and vicinal localities, with focus on promoting the city’s economic potential among European enterprises.
Ho Chi Minh City’s authorities have proposed increasing capitalisation for the city’s first two metro lines as the projects continue to face a capital shortage.
Secretary of the Ho Chi Minh City Party Committee Nguyen Thien Nhan has asked the European Union (EU) to support the city in applying the 4th Industrial Revolution’s achievements in its economic development.
The People’s Council of Ho Chi Minh City and its counterpart of Busan city in the Republic of Korea (RoK) have signed an agreement on establishing friendship and cooperative ties towards further contributing to the relations between the two cities.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
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.
Customers shop at Co.opmart in HCM City (Photo: VNA) 
