Post by : Shakul

Ho Chi Minh City has recorded strong economic performance in the first quarter of 2026, with growth reaching 8.27 percent — the highest for the same period in the past five years. The result highlights the city’s resilience and recovery despite global economic uncertainties, including rising logistics costs and energy prices.

The service sector remained the primary driver of growth, expanding by 8.91 percent and contributing more than half of the city’s total economic output. Increased activity in transportation, logistics, and e-commerce has played a key role, with the transport and warehousing sector alone growing by over 12 percent.

Investment activity also showed significant momentum, with foreign direct investment (FDI) reaching nearly 2.9 billion US dollars — a sharp increase compared to last year. The city attracted major investments in technology, manufacturing, and digital services, reinforcing its position as a key economic hub in the region.

Looking ahead, the city aims to maintain strong growth by focusing on infrastructure development, digital economy expansion, and innovation. Authorities have set an ambitious target of achieving over 10 percent economic growth in 2026, supported by policy reforms and new development initiatives.

#Business News #Asia News #China #Economy #Global Economy