
Ho Chi Minh City seeks ways to innovate industry
After the merger, Ho Chi Minh City is reshaping its industrial production model towards smart, high-tech industry, using knowledge as a new growth driver to move towards an international megacity.
#Industrial Production
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After the merger, Ho Chi Minh City is reshaping its industrial production model towards smart, high-tech industry, using knowledge as a new growth driver to move towards an international megacity.
According to the General Statistics Office under the Ministry of Finance, the Index of Industrial Production (IIP) in May 2025 was estimated to have increased by 4.3% compared to the previous month and 9.4% year-on-year. Overall, in the first five months of 2025, the IIP rose by 8.8% compared to last year, a positive sign of industrial growth in the early months.
Ha Noi recorded strong performance in five-month revenue from domestic sources, which reached 346.9 trillion VND to account for 73.2% of the annual target and mark a 55.4% year-on-year increase.