HCMC – The government of Ho Chi Minh City looks to lure US$8.9 billion in foreign direct investment (FDI) this quarter, potentially meeting its full-year initial target of US$11 billion.
Building on a US$2.9 billion inflow in Q1, several major projects in logistics, high-tech, and urban development are now entering the final approval stages.
Some of projects include the Can Gio International Transshipment Port (US$4.9 billion), an AI data center (US$2.1 billion), and capital expansions for GS Metrocity Nha Be (US$2.2 billion). City authorities are now focusing on supporting investors to translate these registered commitments into reality. With the current momentum, total FDI for 2026 is projected to reach US$13 billion by year-end.
To support this investment level, the city has committed to cutting administrative processing times by at least 50%. The municipal government plans to leverage revised regulatory mechanisms to resolve long-standing project delays and promote “Transit-Oriented Development” (TOD) along new metro lines. These measures are part of a broader strategy to maintain double-digit GDP growth and strengthen the city’s role as Vietnam’s primary economic center.
