At a National Assembly group session on October 18, HCMC Party Secretary Trần Lưu Quang said the city is carefully mobilizing resources to achieve double-digit GRDP growth, while stressing sustainable growth rather than growth at any cost. The government assigned the city a 10.2% growth target; after nine months it has reached 9.06%, so it would need 13.23% growth in the fourth quarter. To boost demand, the city plans to use e-commerce and e-wallets for buy-now-pay-later purchases, encourage firms to pay Tết bonuses in November and December, and push public investment disbursement. NA Chairman Trần Thanh Mẫn noted that private investment accounts for only 53% of total capital and unrecovered advances remain around 37%. Associate Professor Trần Hoàng Ngân proposed State Bank refinancing so banks can fund long-term loans, arguing that real lending rates of 4.5-5% are too high for businesses.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Bí thư Trần Lưu Quang: TP HCM chắt chiu nguồn lực để tăng trưởng hai chữ số
Read the original on VnExpress ↗
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GDP growthVietnaminterest ratespublic spending
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VNINDEX
▲ Likely positiveRelevance: low
| Market | Vietnam stocks |
|---|---|
| Close on 10/16/2026 | 1,705.91 |
| Change that session | +0.45% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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