Ho Chi Minh City posts decade-high growth, presses for reforms to sustain momentum
Hanoi, April 15 -- Ho Chi Minh City (VNS/VNA) - Ho Chi Minh City, Vietnam's largest economic hub, reported its fastest first-quarter growth in a decade and called for faster reforms and more decisive action to achieve double-digit expansion this year. Gross regional domestic product (GRDP) rose by 8.27% year-on-year in the first quarter of 2026, the highest increase in 10 years, according to city officials. The strong performance was underpinned by broad-based gains. Retail sales and consumer service revenue expanded more than 13%, industrial production increased by 11%, and budget revenues rose by 19% to more than 247 trillion VND (9.5 billion USD). Foreign direct investment (FDI) inflows reached nearly 2.9 billion USD, more than triplin...
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