On the afternoon of October 11th, the Ho Chi Minh City Business Association (HUBA) hosted a ceremony to commemorate the 21st anniversary of Vietnamese Entrepreneurs’ Day and the 50th anniversary of HUBA’s establishment.
During the event, outstanding businesses and entrepreneurs from Ho Chi Minh City who had consistently achieved accolades were honored with certificates of merit. Additionally, 109 “Outstanding Products and Services of Ho Chi Minh City 2025” from 105 enterprises were recognized.
Mr. Nguyen Ngoc Hoa, Chairman of HUBA, revealed that the total revenue from the recognized products and services in 2024 and the first half of 2025 reached nearly 32,300 trillion VND, generating a profit of 1,340 trillion VND, contributing over 30,500 billion VND in taxes, and providing employment for approximately 119,500 workers.
Mr. Nguyen Loc Ha (left), Vice Chairman of Ho Chi Minh City People’s Committee, and HUBA Chairman Nguyen Ngoc Hoa award outstanding businesses |
According to the HUBA Chairman, businesses have actively upgraded machinery and equipment, improved management practices, rapidly adopted advanced smart technologies, digital transformation, green transition, and enhanced labor productivity to boost competitiveness, expand markets, and optimize production processes.
“It can be said that the products and services of businesses have continued to assert their position in both domestic and international markets. HUBA will always stand by businesses to help Vietnamese products soar higher and farther,” Mr. Hoa emphasized.
Speaking at the ceremony, Mr. Nguyen Loc Ha, Vice Chairman of Ho Chi Minh City People’s Committee, commended the outstanding businesses and entrepreneurs for their effective business performance and sustainable development. They represent the over 500,000 businesses in the city, serving as a core force contributing to the socio-economic development of the city and the nation. He also congratulated the 105 businesses with outstanding products and services in 2025, as selected and honored by HUBA.
Mr. Nguyen Loc Ha stated that Ho Chi Minh City aims to achieve an 8.5% GRDP growth in 2025, with a budget revenue of approximately 520 trillion VND, by promoting public investment, attracting social resources, and fostering digital economy and innovation.
To achieve these goals, the city has identified three key solution groups, with the business community playing a pivotal role.
 Mr. Nguyen Loc Ha, Vice Chairman of Ho Chi Minh City People’s Committee (center), visits booths and interacts with the business community |
First, continue to effectively implement Resolution 68/2025 of the Politburo on private economic development; improve the investment and business environment, enhance competitiveness, increase transparency, reduce informal costs, and streamline administrative procedures for businesses.
Second, focus on reviewing and resolving stalled projects, particularly large-scale ones facing bottlenecks in fire prevention, land, investment, and construction procedures. The city will flexibly apply special mechanisms under National Assembly Resolution 98/2023 to decisively address development obstacles.
Third, strengthen the mobilization of social resources for development investment, starting with public investment disbursement to lead the way, followed by private investment attraction and state-owned enterprise development.
“In the implementation process, the city government will always accompany, listen to, and address feedback from businesses; reform administration, placing businesses at the center of service,” affirmed the Vice Chairman of Ho Chi Minh City People’s Committee.
Report and photos: Ngoc Anh
– 19:14 11/10/2025
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