Consumer Price Index in Ho Chi Minh City increased by only 0.04% in August. However, the inflation rate in the city reached 4.17% in the first eight months of 2025, compared to the national rate of 3.26%. The highest price increases were observed in healthcare (15.4%), education (7.84%), and housing and construction materials (7.4%).
Mr. Tran Phuoc Tuong attributed the city’s inflation rate as the highest in the country to these factors. However, if Ho Chi Minh City can stabilize the prices of these commodity groups, the CPI may remain at its current level or decrease slightly.
According to the city’s Statistics Office, exports in the first eight months of the year grew by 6.4%, lower than the national average of 14.8%.
Ho Chi Minh City’s inflation rate is the highest in the country. Photo: Nguyen Hue |
Notably, in the first eight months, out of every 10 businesses entering the market, seven withdrew, compared to six in the same period last year.
The number of newly established enterprises in Ho Chi Minh City decreased by 13.9% in the first eight months, with a 35% decline in registered capital. The scale of businesses is also shrinking. Currently, the average capital scale is 6.1 billion VND per enterprise, significantly lower than the figure of 8.1 billion VND per enterprise in 2024.
On a positive note, capital mobilization in the area increased by 7% compared to the previous year. Credit growth also rose by 7.3%. It is estimated that 97% of mobilized capital is being lent out, indicating a robust flow of capital in the economy.
According to the city’s Statistics Office, to achieve the target of 8.5% GRDP growth for the whole of 2025, the city must attain a growth rate of over 10% in the fourth quarter, which presents a challenging task.
Tran Chung
– 21:47 09/09/2025
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