For over five decades, the Southeast region has been recognised as Vietnam’s economic and growth engine. At its core is HCM City, flanked by Binh Duong and Ba Ria – Vung Tau, together forming key growth poles not only for the Southeast but for the entire country.

Ho Chi Minh City’s Department of Industry and Trade will deploy a number of measures to enable it to always stay ahead of trends, helping the city maintain its role as the economic locomotive and take the lead in innovation in the country, according to the department.

Hanoi has made great strides across all fields, setting firm foundations for the capital's future development after 15 years of the administrative boundary adjustment under Resolution No 15/2008/QH12 of the National Assembly (August 1, 2008 - 2023).

Ho Chi Minh City’s export turnover in the first half of this year reached an estimated 19.42 billion USD, down 22.4% year-on-year.

The Vietnam Oil and Gas Group (Petrovietnam) has worked hard over the past nearly 50 years to fulfill its missions of contributing to ensuring national energy security and being an economic locomotive.

Ho Chi Minh City is set to become a centre of economics and finance in Asia by 2045, boasting sustainable development and high living standards, a municipal official has said.

Hanoi’s efforts to boost economic development have paid off, cementing the capital’s place as an economic locomotive of Vietnam.

Ho Chi Minh City needs a particular mechanism in order to fulfil its role as an economic locomotive of the country, Politburo member and Secretary of the municipal Party Committee Dinh La Thang said.