FOREIGN INVESTMENT FLOWS INTO HCMC SURGE IN Q1

Local employees work at a foreign-invested firm - PHOTO: VNA

• HCMC expects US$8.9 billion FDI in Q2
• HCMC credit up 1.5% in Q1

HCMC – HCMC attracted nearly US$2.9 billion in foreign investment in the first quarter of 2026, up about 220% year-on-year, despite global economic uncertainties, according to the city’s Department of Finance.

This result indicates foreign investors’ continued confidence in the investment and business environment.

Among the notable FDI projects in the period, Singaporean investors were present across key sectors such as technology, media, manufacturing, and financial services.

Among newly licensed projects, notable ones include a US$125 million investment by TikTok Shop Vietnam Company Limited, backed by TikTok PTE. LTD (Singapore), in the information and communications sector.

Another key project is the Techtronic Tools Vietnam factory, developed by Techtronic Industries Company PTE. LTD (Singapore), with an investment of US$81 million in manufacturing and processing.

Among projects with additional capital, MSD Animal Health Vietnam (Netherlands) raised its investment by US$80 million in professional, scientific, and technological activities.

SP Vietnam Ho Chi Minh JSC (Singapore) increased its registered capital by US$67 million in the information and communications sector, while Momogy Group VN (Singapore) increased its capital by US$55.4 million in professional, scientific, and technological activities.

In terms of capital contributions and share acquisitions, Indonesian investor Haryanto Sudarno Kusuma registered a contribution of over US$1.7 billion to VLD Investment and Finance JSC.

Investors from the Netherlands, South Korea, and China also participated in a range of projects across the science, technology, and industrial sectors.

The Department of Finance added that HCMC will continue to attract foreign investment in 2026, aiming to secure US$11 billion for the full year.

Source: The Saigon Times