Ho Chi Minh City News
News
HCMC experiences record-breaking flooding as torrential rains submerge District 1 and Thu Duc City, paralyzing traffic for 8+ hours. The new Metro Line 2 (Ben Thanh-Tham Luong) begins trial operations after 3 years of delays. Meanwhile, city officials declare emergency measures to combat worsening air pollution, with AQI levels hitting "very unhealthy" 215.
Business News
Vietnam's startup capital attracts $300 million in Q2 tech investments - a 25% YoY increase. Samsung Vietnam announces $1.2 billion expansion of its R&D center in Thu Duc City. E-commerce giants Shopee and Lazada report 40% sales growth during mid-year shopping festivals. Rising office rents in CBD (now $50/sqm) push companies to emerging western districts.
Economic News
State Bank of Vietnam maintains benchmark rate at 4.5% as inflation holds at 3.8%. VND weakens slightly to 24,850/USD amid global currency fluctuations. HCMC contributes 35% of national GDP growth, with manufacturing and logistics leading expansion. Government approves $500 million upgrade for Cat Lai Port to ease congestion.
Political News
City Party Committee Secretary Nguyen Van Nen faces criticism over delayed flood prevention projects. HCMC People's Council passes controversial new zoning laws allowing taller high-rises in central districts. Anti-corruption campaign nets 12 officials in construction permit bribery scandal.
Election News
With People's Council elections approaching, candidate vetting process reveals 15% disqualification rate for violations. Voter registration surges among young professionals - now 38% of electorate. New rules require all candidates to publicly disclose assets and business interests.
Employment News
Unemployment drops to 2.1% - lowest among major ASEAN cities - with 85,000 new jobs in Q2. Tech sector reports severe shortages of AI/cloud computing specialists. New labor policies require companies with 500+ staff to reserve 3% jobs for people with disabilities.
Business News
VN-Index jumps 2.3% to 1,350 points led by bank and retail stocks. VinGroup shares surge 5% after EV factory expansion announcement. Foreign investors pour $200 million into HCMC-listed firms in June alone.
Forecast
Persistent heavy rains (100-150mm daily) with thunderstorms and 90% humidity. Temperatures 26-32°C (79-90°F). Flood warnings remain for Districts 2, 7, 9, 12, Binh Thanh and Thu Duc. Air quality unlikely to improve without wind shift.
Entertainment News
Blackpink's Lisa announces surprise concert at National Stadium for August. Award-winning film "Rom" gets Hollywood remake deal. New "Saigon Sound" light show debuts at Bitexco Financial Tower observation deck.
Upcoming Events in HCMC (June 28-30, 2025)
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June 28-20 - Vietnam Foodexpo (SECC)
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June 29 - Nguyen Hue Walking Street Summer Festival
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June 21 - Dragon Boat Festival (Saigon River)
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June 22 - HCMC International Marathon (Early reg closes)
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June 23 - "Em và Trịnh" musical premiere (Hoa Binh Theater)
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June 24-27 - Japan-Vietnam Cultural Festival (Tao Dan Park)
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June 25 - Vietnam vs. Thailand World Cup Qualifier (Thong Nhat Stadium)
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June 26 - Craft Beer Festival (District 7)
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June 28 - Pride Parade (Le Van Tam Park)
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June 30 - AI Tech Conference (Renaissance Hotel)
town Update
HCMC FC leads V-League standings at mid-season break. City selected to host 2026 ASEAN Para Games. New e-town arena opens in District 1 with 1,000-seat capacity.
Cultural Highlights
Reunification Palace unveils augmented reality historical tours. Ao Dai Museum opens in Thu Duc with 500+ vintage dresses. Binh Quoi Tourist Village launches nightly traditional music performances.
Transport Advisory
Avoid flooded routes: Nguyen Van Linh, Mai Chi Tho, Hanoi Highway. Metro Line 1 extends to midnight on weekends. Grab/BE prices capped during emergencies.
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