HCMC: ‘5+1’ MODEL AIMS TO LIFT SERVICES TO 75% OF GRDP BY 2040
High-value services are set to account for 70-75% of HCMC’s gross regional domestic product (GRDP) by 2040 under a “5+1” development model centered on the Vietnam International Financial Center in HCMC (VIFC-HCMC). The target is outlined in a recently issued plan by the HCMC government to turn the city into a major services hub for Vietnam and the region, with a focus on high-value, modern industries. The plan aims to reshape the economy toward a more efficient and sustainable structure.
CHINESE INVESTORS SEEK INVESTMENT OPPORTUNITIES IN BAC NINH
Many Chinese investors are accelerating their plans to expand investment and increase their presence in Bac Ninh by proposing new projects in key sectors such as high technology, electronics, AI, and digital infrastructure. Several large enterprises are also encouraging long-term investment plans in the locality. In late May, a delegation of Chinese enterprises met the province’s leadership to discuss policies related to energy storage, AI computing infrastructure, power supply capacity and industrial park resources.
VIETNAM ON TRACK TO TOP $1 TRILLION IN TRADE FOR FIRST TIME
With total import-export turnover reaching approximately $445 billion in the first five months of 2026, Vietnam is on track to surpass the $1 trillion trade milestone for the first time. Speaking at the seminar on export trends on June 17, Nguyen Tuan Viet, CEO of VIETGO, a company specialising in export consultancy and international trade matching, said exports continue to be one of the brightest spots of the economy and are making an important contribution to the government’s double-digit growth target.
VIETNAM COLLECTS VND1.4 QUADRILLION IN BUDGET REVENUE BY MID-JUNE
According to the Vietnam State Treasury (VNST), disbursements through its system totaled VND188.832 trillion out of the VND923.098 trillion public investment plan for 2026. Domestic capital accounted for VND186.6 trillion, or 20.6% of the assigned target, while foreign-funded capital reached VND2.232 trillion, equivalent to 12.6%.
HCMC POSTS OVER VND500 TRILLION IN BUDGET REVENUE IN FIRST HALF
Ho Chi Minh City collected more than VND500 trillion in state budget revenue in the first six months of 2026, equivalent to nearly 62% of the full-year target, while industrial production and foreign investment surged following the city‘s administrative merger with the former provinces of Binh Duong and Ba Ria-Vung Tau.
VIETNAM TARGETS 5,000 NEW AGRICULTURAL BUSINESSES BY 2031
Vietnam aims to support the establishment of at least 5,000 agricultural enterprises during the 2026-2031 period as part of efforts to build a digital agriculture sector and more sustainable value chains. The target was announced at the ninth National Congress of the Vietnam Farmers’ Union, which opened in Hanoi on June 8.
INDUSTRIAL OUTPUT POSTS STRONGEST FIVE-MONTH GROWTH IN FOUR YEARS
Industrial production rose 9.1% in the first five months of 2026 from a year earlier, marking the strongest growth for the period in four years, according to the National Statistics Office under the Ministry of Finance. The index of industrial production (IIP) increased in all 34 provinces and centrally governed cities during the January-May period.
OUTBOUND INVESTMENT JUMPS 2.5-FOLD
Vietnam’s outbound investment reached US$794.6 million in the first five months of 2026, up 2.5 times from a year earlier, according to the National Statistics Office under the Ministry of Finance. The total comprised US$760.8 million in newly registered capital and US$33.8 million in additional capital for existing projects.
