In 2024, Ho Chi Minh City (HCMC) registered 1,416 new foreign direct investment (FDI) projects with a total capital of US$3.04 billion, according to data from Vietnam’s Ministry of Planning and Investment. This is 49.42 percent less than the city pulled in last year which was US$6 billion in newly registered capital.
Foreign direct investment in HCMC, Vietnam’s largest economic and financial hub, is a critical driver of the city’s economic development. HCMC consistently attracts the highest FDI inflows in Vietnam, leveraging its strategic location, well-developed infrastructure, and dynamic business environment. Key sectors for FDI include real estate, manufacturing, trade, technology, and financial services. The city is also a hotspot for high-tech investments and innovation-driven industries, including IT, electronics, and renewable energy.
Prominent investors come from South Korea, Japan, Singapore, the United States, and Europe, with companies like Samsung, Intel, and CapitaLand establishing significant operations in the city. HCMC’s export-processing zones and high-tech parks, such as the Saigon Hi-Tech Park, have been instrumental in attracting large-scale investments. Real estate, particularly in commercial and residential development, continues to be a major focus for foreign investors.
With its skilled workforce, robust consumer market, and focus on digital transformation and green development, HCMC is expected to remain a leading destination for FDI in Vietnam, contributing significantly to the country’s overall economic success.