Want to be in the loop?
subscribe to
our notification
Business News
HO CHI MINH CITY NEEDS ADDITIONAL $3.5BN IN FDI IN H2 TO MEET 2026 TARGET
To meet its 2026 target of attracting approximately US$11 billion in foreign direct investment (FDI), Ho Chi Minh City needs to secure at least an additional $3.5 billion in the second half of the year while prioritizing high-quality investors and high-value projects with strong spillover potential.
Workers at a South Korean-invested company manufacture products for a major technology corporation. Photo: Nguyen Hien / Tuoi Tre
Registered FDI in the city reached nearly $7.5 billion in the first six months, equivalent to 68 percent of the annual target, Truong Tan Vu, deputy director of the Ho Chi Minh City Department of Finance, said at a conference on Friday reviewing the finance sector's performance and tasks for the second half.
With this result, Ho Chi Minh City ranked second nationwide in FDI attraction, behind Thai Nguyen Province in northern Vietnam.
As of June 30, the city had more than $146.8 billion in valid FDI capital across 21,351 active projects.
FDI has mainly flowed into five sectors: real estate; wholesale and retail trade and motor vehicle and motorcycle repair; information and communications; manufacturing and processing industries; and professional, scientific, and technical activities.
During the second half of 2026, the city aims to increase registered capital, improve FDI disbursement, shorten the time needed to bring projects into operation, and strengthen linkages between foreign-invested enterprises and domestic businesses.
Vu said Ho Chi Minh City will implement six groups of measures to improve the quality of FDI attraction.
The city will shift its focus from attracting investment based on quantity to selecting high-quality investors, giving priority to projects with high added value and strong spillover effects.
Instead of competing through individual incentive policies, Ho Chi Minh City plans to compete by offering a transparent investment environment, modern infrastructure, a highly skilled workforce, and strong business support services.
The city will translate government resolutions into action programs linked to its goals of achieving double-digit economic growth, developing the digital and green economy, building an international financial center, and promoting strategic industries.
It will also strengthen oversight of foreign-invested enterprises through post-investment inspections, focusing on project implementation progress, technology adoption, environmental protection, labor management, land use, and compliance with financial obligations.
Meanwhile, Ho Chi Minh City will continue reforming administrative procedures and accelerating digital transformation.
Bottlenecks related to investment, land, planning, and specialized administrative procedures will be addressed, while planning information, investment project lists, and available land resources will be made publicly accessible to facilitate investment.
In investment promotion, the city will prioritize attracting multinational corporations, investment funds, and technology companies to high-tech industries, semiconductors, artificial intelligence, research and development, international finance, logistics, biotechnology, and smart urban development.
The city will also mobilize public investment and private capital to develop transport infrastructure, logistics, seaports, digital infrastructure, data infrastructure, and energy projects.
At the same time, it will prepare cleared land and develop a high-quality workforce to accommodate new FDI inflows.
Source: Tuổi Trẻ News
Related News
MEMBER CORNER / PROMOTIONS
VIETNAM'S MANUFACTURING STORY HAS CHANGED IN 2026
Vietnam is no longer attracting investment solely because of its competitive costs. Today, global manufacturers are increasingly choosing Vietnam for its expanding industrial ecosystem, resilient supply chains and growing role in high-value sectors such as semiconductors, electronics and advanced manufacturing.
VIETNAM ECONOMY INVESTMENT
CHINESE INVESTMENT WAVE OPENS NEW DOORS
As Chinese companies move beyond factory relocation to ecosystem-driven investment, Vietnam has a rare opportunity to evolve from a low-cost production base into a strategic node in regional value chains. When global companies first diversified supply chains, the focus was largely on relocating manufacturing capacity.
VIETNAM ECONOMY INVESTMENT
ASIA POWERS VIETNAM’S SHRIMP BOOM, LEAVING THE WEST BEHIND
In the first half of 2026, Vietnam's shrimp exports surpassed the US$2.3 billion mark, driven largely by booming demand from China and a lobster craze. But behind that growth figure lies a lopsided picture: Asia is carrying the load, while the U.S. and Europe have yet to break out. These days, a container of frozen shrimp leaving a Ho Chi Minh City port is more likely to cross the East Vietnam Sea to Shanghai than the Pacific to Los Angeles.
VIETNAM ECONOMY INVESTMENT
VIỆT NAM STEPS UP EXPORT TO ACHIEVE US$550-BILLION TARGET
Việt Nam is intensifying efforts to sustain export momentum in the second half of 2026 as the country works towards its target of US$550 billion in export revenue for the year, despite continuing uncertainties in global trade. Statistics show that exports reached $266.5 billion in the first six months, meaning the economy needs to generate around $245.5 billion more during the remainder of the year to meet the annual goal.
BANKING / FINANCE / INSURANCE / TAX
VIETNAM NEEDS OVER $200BN FROM STOCK MARKET IN NEXT 5 YEARS
Speaking at the event, Bui Hoang Hai, vice-chairman of the State Securities Commission of Vietnam, said total investment demand in the 2026-30 period is estimated at VND38,000 trillion ($1.4 trillion). The state budget can only provide approximately VND8,500 trillion ($323 billion), or 20 percent, leaving the remaining 80 percent to be sourced from private and international capital.
VIETNAM ECONOMY INVESTMENT
VIETNAM'S 8.18% FIRST-HALF GROWTH BOOSTS DOUBLE-DIGIT GDP HOPES
Vietnam's economy grew 8.18 percent in the first six months of 2026, the highest pace in 15 years, giving the country a solid foundation to pursue its target of double-digit GDP growth for the full year although significant challenges remain. Government Resolution No. 01/2026, issued in January, sets an official target of at least 10 percent GDP growth for 2026.
Events Sponsors
