Business News

Speaking at the first meeting of the Executive Committee of the 2025-2030 Party Committee of the HCMC People’s Committee today, Nguyen Van Duoc, chairman of the HCMC People’s Committee, said the city would absolutely obtain higher budget revenue than expected for this year if each individual or each organization showed a sense of responsibility for getting their jobs done.

HCMC generated an estimated VND208.07 trillion in tourism revenue in the first 10 months of 2025, up 22% over the same period last year, according to the city’s Tourism Department. The figure represents nearly 72% of the city’s full-year target of VND290 trillion. International arrivals in the period rose 17.7% over the same period last year to 6.5 million, while domestic visitors totaled over 33 million. 

The index of industrial production (IIP) rose 9.2% in the first ten months of the year, supported by strong gains in manufacturing, according to the National Statistics Office. The IIP in October was estimated to increase 2.4% from September and 10.8% from a year earlier. October’s growth exceeded the 7.1% rise recorded in the same month of 2024.

Vietnam’s consumer price index (CPI) in the first 10 months of 2025 rose 3.27% year-on-year, while core inflation increased 3.2%, according to the National Statistics Office (NSO). In October alone, the CPI inched up 0.2% from the previous month, and 3.25% higher year-on-year. Ten of 11 commodity groups recorded price increases, led by food and catering services, which climbed 0.59% and contributed 0.2% to the overall rise.

The monthly statistical data presents current economic and social statistics on a variety of subjects illustrating crucial economic trends and developments, including production of agriculture, forestry and fishery, business registration situation, investment, government revenues and expenditures, trade, prices, transport and tourism and so on.

Vietnam’s pangasius exports in the first nine months of 2025 reached nearly $1.6 billion, up 9% year-on-year, signaling a recovery after a prolonged downturn. The market landscape is shifting notably with CPTPP countries, Brazil and Thailand emerging as growth drivers while China - Hong Kong and the U.S show signs of stagnation.

During January-October, total export turnover reached US$391 billion, a year-on-year increase of 16.2 percent. Of the figure, the domestic economic sector accounted for US$94.17 billion, representing 24.1 percent, while the foreign-invested sector (including crude oil) reached US$296.83 billion, accounting for 75.9 percent.

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