Hanoi, May 18: Vietnam’s southern economic hub, Ho Chi Minh City, has approved a master plan outlining its vision for 2025 to 2050. This ambitious plan aims to transform the city into a leading, sustainable, innovative, and livable mega-city in the Asia-Pacific region over the next century. Local media reported this development on Monday.
According to the framework approved by the municipal People’s Committee, the city aims to achieve at least a 10% annual growth rate in Gross Regional Domestic Product (GRDP) from 2025 to 2050. Under favorable conditions, the total GRDP is projected to reach approximately $1.2 trillion by 2050, as reported by the news agency Xinhua, citing the local media outlet VN Economy.
The plan envisions Ho Chi Minh City as a regional center for economy, finance, trade, services, logistics, tourism, education, healthcare, science, technology, and innovation. It emphasizes balancing economic growth with environmental protection, social equity, and the preservation of cultural heritage.
The initiative includes the development of modern infrastructure, smart governance, and a multi-centered mega-urban model capable of addressing climate change challenges. Additionally, it aims to elevate citizens’ income and living standards to match the highest levels in Southeast Asia.
This framework covers over 6,700 square kilometers of the city’s administrative area and reserves land for future economic needs, including land reclamation. Reports estimate that the city’s population could reach between 20 to 22 million by 2050.
In another development, the Vietnamese government has approved a list of 70 prioritized high technologies for investment and development, effective from July 1, 2026. Vietnam Television reported this on Monday.
The prioritized technologies include artificial intelligence (AI), big data and data analytics, cloud computing, edge computing, distributed computing, and high-performance computing techniques.
Furthermore, the list encompasses the Internet of Things (IoT), blockchain technology, quantum technology, renewable and clean energy technologies, advanced energy storage technologies, and AI-based real-time disaster monitoring, forecasting, and early warning systems.
The government has also released a list of 100 high-tech products that will be promoted for development. This includes AI and data-based systems, tools and software related to identification, analysis, forecasting, and control, as well as platforms supporting AI research, development, and application.
According to reports, the list features unmanned aerial vehicles (drones), environmentally friendly new energy vehicles, bio-pharmaceutical products for health and agriculture, next-generation vaccines, medical biological products, and diagnostic biological products.
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