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Ho Chi Minh City targets 11% Q3 growth to meet 10% annual goal
Ho Chi Minh City has set ambitious economic targets for the remainder of 2026, aiming for a full-year GRDP growth rate of at least 10%. To achieve this, the municipal People’s Committee is targeting growth of at least 11.07% in the third quarter, 9.43% for the first nine months, and 12.3% in the fourth quarter.
During a meeting chaired by Chairman Nguyen Van Duoc on September 4, officials reviewed strong performance from the first eight months of the year. Key indicators included a 10.8% rise in the Index of Industrial Production and a 167.3% surge in FDI attraction, which exceeded 10 billion USD.
Other notable economic drivers included a 13.7% increase in total retail sales and consumer service revenue, reaching over 1.3 quadrillion VND. Tourism also showed significant growth, with 7.77 million international arrivals. State budget revenue for the period reached approximately 624.76 trillion VND, representing 77.6% of the annual estimate.
Entities
Ho Chi Minh City · Ho Chi Minh City People’s Committee · Nguyen Van Duoc
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 3 SOURCES] Total retail sales of goods and consumer service revenue reached over 1.3 quadrillion VND, up 13.7% year-on-year. tudonghoangaynay.vn · en.cand.vn · news.tuoitre.vn
- [○ 1 SOURCE] The city's full-year GRDP growth goal is 10% or more. en.cand.vn
- [○ 1 SOURCE] The city targets GRDP growth of at least 11.07% in the third quarter of 2026. en.cand.vn
- [○ 1 SOURCE] The city aims for at least 9.43% growth in the first nine months and 12.3% in the fourth quarter of 2026. en.cand.vn
- [● 2 SOURCES] The Index of Industrial Production (IIP) rose by 10.8% during the first eight months of 2026. tudonghoangaynay.vn · en.cand.vn
- [○ 1 SOURCE] Tourism revenue increased by 16% year-on-year, with 7.77 million international arrivals. en.cand.vn
- [● 2 SOURCES] State budget revenue reached approximately 624.76 trillion VND in the first eight months, up 19.2% year-on-year. en.cand.vn · news.tuoitre.vn
- [DISPUTED] FDI attraction exceeded 10 billion USD, representing a 167.3% increase compared to the same period last year. tudonghoangaynay.vn · en.cand.vn