On November 7-11, the Ho Chi Minh City People’s Committee Party Committee held its 1st Plenary Session of the 2025-2030 term (expanded).
Impressive Achievements
Reporting on the implementation of tasks for the first 10 months, Mr. Tran Van Nam, Deputy Secretary of the Ho Chi Minh City People’s Committee Party Committee, stated that the Party Committee and its Standing Committee focused on enhancing leadership effectiveness, ensuring the completion of political tasks, and effectively implementing Party building and rectification across political, ideological, ethical, organizational, and personnel aspects.
The socio-economic situation maintained a positive recovery and growth trend. Compared to the same period in 2024, the total retail sales and service revenue increased by 15%; the industrial production index is estimated to rise by 7.5%…
Additionally, investment and infrastructure development saw significant improvements, with task forces actively addressing bottlenecks in various projects, thereby unlocking social investment resources.
Secretary of the Party Committee and Chairman of the Ho Chi Minh City People’s Committee Nguyen Van Duoc speaking at the conference. Photo: NGUYEN PHAN
Mr. Tran Van Nam also highlighted several challenges. Specifically, public investment disbursement, though improved, remains low at 52.7% of the central plan as of October 24; coordination and administrative procedure resolution in some areas occasionally fall short of requirements…
At the conference, many constructive opinions were shared for the city’s development. Dr. Truong Minh Huy Vu, Director of the Ho Chi Minh City Institute for Development Studies, noted that confidence in the city’s investment environment has returned. This is evident through the participation of private enterprises in major projects.
Another highlight is the city’s support from key legal frameworks such as Resolution 188/2025/QH15, Resolution 57/2024/NQ/TW with implementation guidelines; and the ongoing amendments to Resolution 98/2023/QH15, emphasizing strategic investors, free trade zones, and investment policies, making the investment environment more open.
Regarding growth targets, Mr. Nguyen Khac Hoang, Director of Ho Chi Minh City Statistics, suggested that immediate solutions should focus on boosting consumer demand. This includes modernizing traditional markets and developing digital traditional markets.
New Momentum
Concluding the conference, Mr. Nguyen Van Duoc, Secretary of the Party Committee and Chairman of the Ho Chi Minh City People’s Committee, acknowledged that in the first 10 months of 2025, the city’s economy grew positively, the investment environment became more attractive, and 670 out of 838 stalled projects were resolved.
Alongside these achievements, Mr. Nguyen Van Duoc pointed out several limitations, such as public investment disbursement falling short of targets and some officials and civil servants showing hesitation, lack of decisiveness, and passivity in their work.
With the right solutions, Ho Chi Minh City aims for a Q4/2025 growth rate exceeding 12%. Photo: HOANG TRIEU
The Chairman of the Ho Chi Minh City People’s Committee emphasized that the tasks for the remaining months of 2025 are extremely challenging. To achieve an annual growth rate of 8.5% or higher, Q4 growth must exceed 12%, which is no easy feat. Therefore, alongside production, consumption, and exports, the city must fully disburse public investment funds.
For public investment disbursement, accelerating land clearance is crucial. “The Vice Chairman of the Ho Chi Minh City People’s Committee in charge of this must be proactive and dynamic in directing efforts to speed up land clearance progress,” Mr. Nguyen Van Duoc instructed.
He also urged the entire political system, leaders of departments, agencies, and localities to thoroughly grasp the perspective of the Secretary of the Ho Chi Minh City Party Committee: “clear, transparent, decisive, daring to think, capable of acting, and willing to take responsibility,” and convey this to every official and party member.
The Chairman of the Ho Chi Minh City People’s Committee requested that all sectors and levels review their targets from now until year-end, striving to exceed completed targets; focus on planning efforts; continue resolving bottlenecks; expedite the implementation of the International Financial Center in Ho Chi Minh City…
Regarding the amendment of Resolution 98, Mr. Nguyen Van Duoc mentioned that the Government is gathering input from ministries and sectors before submitting it to the National Assembly. This will serve as a new lever and driving force for Ho Chi Minh City’s economic growth.
Right Solutions, Adequate Workforce
At the conference, Director of the Department of Agriculture and Environment Nguyen Toan Thang reported that the Ho Chi Minh City People’s Committee recently chaired a meeting to identify causes of delays in compensation and land clearance.
Currently, about 100 department staff have been deployed to wards and communes with major projects to support compensation efforts. Specifically, nearly 20 people are assigned to the Xuyen Tam Canal, and 19 to the Ho Chi Minh City – Moc Bai Expressway…
According to Mr. Nguyen Toan Thang, although public investment disbursement rates are currently low, the city has implemented the right solutions. “Now, we just need to execute, as the causes have been identified, solutions are in place, and the workforce is sufficient,” Mr. Thang stated.
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