Summary

City Profile - Ho Chi Minh City; Comprehensive overview of the city, PEST analysis and analysis of key industries including technology, tourism and hospitality, construction and retail

Summary

“City Profile - Ho Chi Minh City” provides historical and forecast data on key city level metrics along with analytical coverage of the latest political, economic, social, technological, infrastructural, legal and environmental issues affecting Ho Chi Minh City.
The report contains detailed tourism, retail, construction, technology and public infrastructure data and insight into economic, social, and industry trends.

Ho Chi Minh City (HCMC), formerly known as Saigon, is Vietnam’s long-standing economic engine and accounted for 15.4% of the national GDP in 2025. The city maintained a positive growth trajectory, with real GDP expanding by 7.9% in 2025 (up from 7.2% in 2024) as industry, trade, and services strengthened, supported by rising foreign investment interest and accelerated efforts to streamline governance, execute public investment, and deliver infrastructure. Looking ahead, HCMC is expected to shift toward higher-quality, more competitive growth driven by innovation and digital transformation, with real GDP forecast to grow by an average of 5.9% annually over 2026-35.

Scope

- The tourism sector is a key pillar of Ho Chi Minh City’s economy, contributing strongly to socio-economic development and reinforcing the city’s status as one of Vietnam’s leading tourism destinations.
- Ho Chi Minh City’s tourism brand gained further international credibility in 2025, winning four World Travel Awards titles (including Asia’s Leading Business Travel Destination and Asia’s Leading Festival & Event Destination for the fourth consecutive year).
- Tourism performance in 2025 was strong, with nearly 5.3 million international arrivals and over VND162 trillion ($6.2 billion) in tourism revenue in January-September, rising to VND233.5 trillion ($9.0 billion) revenue and 7.4 million international visitors by January-November; domestic tourism (37.3 million visitors) remained the primary growth driver.
- The city is updating its Tourism Development Plan through 2030, prioritizing higher-quality tourism products, digital transformation, improved service standards, and stronger regional connectivity to sustain momentum.
- HCMC has set ambitious near-term tourism targets, aiming for 61 million visitors (including 11 million international) and VND330 trillion ($12.7 billion) in tourism revenue in 2026.
- Ho Chi Minh City is positioned in the national Tourism Development Plan to 2030 as the growth pole for Southeast Vietnam and the Mekong Delta, supporting tourism corridors, cultural industries, and the nighttime economy.
- The construction sector is expanding: it contributed 4.0% of Vietnam’s total GVA in 2025 and grew to VND68.8 trillion ($2.6 billion), up from VND62.4 trillion ($2.4 billion) a year earlier.
- Construction activity is projected to remain robust, with the sector forecast to grow at a 6.9% average annual rate in 2026-2035, supported by industrial growth and public investment in transport, industrial parks, and energy infrastructure.
- HCMC is scaling up affordable housing supply, planning to reserve ~2,000ha for social housing through 2040 and deliver 199,400 units by 2030 under the national one million social housing program.
- Foreign investment rebounded strongly in January-July 2025, with nearly $6.2 billion in FDI (+45.7% YoY), including over $1 billion into high-tech industries—strengthening HCMC’s role as a hub for advanced manufacturing and technology.
- Major transport infrastructure projects underpin long-term growth, including a $34.4 billion, 169km metro network targeted for completion by 2040.
- National connectivity could improve significantly under the planned $67.6 billion North-South high-speed rail (Hanoi-HCMC), with construction expected to start in Q4 2026 and complete by Q4 2035.

Reasons to Buy

- Gain a comprehensive knowledge of future economic and demographic trends and understand the performance of various sectors within the city._x000D_
- Analyze and understand the business environment in the city to align your investment and expansion strategies. _x000D_
- The report helps to drive a conclusion in choosing a suitable city to invest or expand according to your business structure._x000D_
- Explore new opportunities in the hospitality, tourism, construction, real estate and retail sectors.

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Table of Contents

Table of Contents
City Snapshot
PEST Analysis
Political
Economic
Social
Technology and Infrastructure
Communications
Internal Transport Networks
Connectivity
Airports
Ports
Business Environment Analysis
Travel and Tourism
Tourism Flows
Hotels
Attractions
Events
Construction and Real Estate
Investment
Real Estate Market
Retail
Retail Market
Consumption, Income and Prices
About MarketLine
Disclaimer

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List of Tables/Graphs

List of Tables
Table 1: Ho Chi Minh City - key facts (estimates), 2025
Table 2: Ho Chi Minh city- real GDP and real GDP growth, 2000-35
Table 3: Ho Chi Minh city- economic growth comparison (Index 2010=100), 2000-35
Table 4: Ho Chi Minh city- GDP per capita comparison, 2000-35 ($)
Table 5: Ho Chi Minh city- employment structure, 2000-35 (% of total)
Table 6: Ho Chi Minh city - population comparison, 2000-35 (million)
Table 7: Ho Chi Minh city - population by age, 2000-35 (% of total)
Table 8: Ho Chi Minh City - MICE and Other Events
List of Figures
Figure 1: Ho Chi Minh city- real GDP and real GDP growth, 2000-35
Figure 2: Ho Chi Minh city- economic growth comparison (Index 2015=100), 2000-35
Figure 3: Ho Chi Minh city- GDP per capita comparison, 2000-35
Figure 4: Ho Chi Minh city- employment structure, 2000-35 (% of total)
Figure 5: Ho Chi Minh city - population comparison, 2000-35
Figure 6: Ho Chi Minh city - population by age, 2000-35 (% of total)