HCMC LOOKS TO LURE US$11 BILLION IN FDI FOR 2026

Part of downtown HCMC: The city targets to attract high-quality foreign-invested projects, especially in technology and finance sectors. PHOTO: LE VU

HCMC – The government of HCMC has set an ambitious foreign direct investment (FDI) target of US$11 billion for 2026, focusing on high-tech industries, logistics, and international financial-commercial centers.

To reach the milestone – a significant jump from US$8.37 billion in 2025 – the city is adopting a selective high-quality approach. Priority is given to high-tech and digital transformation with semiconductor, AI, and data centers; logistics and finance with the Vietnam International Financial Center in HCMC and the Cai Mep Ha Free Trade Zone and smart infrastructure with transitioning existing industrial parks into eco-smart models.

HCMC is also implementing a tailor-made approach by establishing specialized task forces to work directly with global tech giants and strategic investors apart from drastic administrative reforms, aiming to cut processing times and compliance costs by 50%.

In addition, there are some positive signals for such ambition. In February, G42 Group (UAE), in partnership with domestic investors, signed a framework agreement to develop a massive data center system in Vietnam with a projected investment of US$2 billion. This strategic project aims to establish an international-standard digital platform for the public sector and global enterprises. A U.S.-based investor is finalizing a similar US$2-bil. data center project.

The Vietnam News Agency quoted Nguyen Van Duoc, chairman of HCMC People’s Committee, as saying that these investors have committed to disbursing 60% of the total capital as early as second quarter 2026.

In the first two months of this year, the city secured nearly US$980 million in FDI and foreign indirect investment (FII), up 28.4% year-on-year. The city granted new investment certificates to 286 projects, while 59 existing projects expanded their operations with a net capital increase of US$480.6 million.

HCMC has so far been the national leader in FDI, boasting 20,756 active projects with total capital of US$142.9 billion

Source: The Saigon Times

Related News

MEMBER CORNER / PROMOTIONS

QUARTERLY PIT FILING FOR EMPLOYMENT INCOME APPLIES FROM APRIL 2026

Deloitte Vietnam would like to update members of HKBAV on a recent change to Personal Income Tax (“PIT”) filing procedures, which applies from April 2026 onwards. On 7 April 2026, the Government issued Resolution No. 66.16/2026/NQ-CP, setting out its direction to reduce and simplify administrative procedures and regulations affecting business activities. The Resolution took effect on 15 April 2026.

May 29, 2026

VIETNAM MONTHLY STATISTICAL DATA

INFOGRAPHIC SOCIAL-ECONOMIC PERFORMANCE IN APRIL OF 2026

The monthly statistical data presents current economic and social statistics on a variety of subjects illustrating crucial economic trends and developments, including production of agriculture, forestry and fishery, business registration situation, investment, government revenues and expenditures, trade, prices, transport and tourism and so on.

May 28, 2026

HOSPITALITY / TOURISM / ENTERTAINMENT

PHU QUOC MAKES UP OVER 80% OF AN GIANG’S TOURISM REVENUE

Phu Quoc Special Zone has accounted for more than 81% of An Giang Province’s tourism revenue so far this year, while attracting nearly all international visitors to the province. Tourism revenue in An Giang has reached an estimated VND33.17 trillion in January-May, up 37.2% from a year earlier. The province has welcomed more than 13.3 million visitors, up 12.1%, while international arrivals have grown 48.4% to around 1.18 million, reported the Vietnam News Agency.

May 28, 2026

VIETNAM ECONOMY INVESTMENT

VIETNAM OUTLINES SUSTAINABLE AGRICULTURE AGENDA FOR NEXT FIVE YEARS

Vietnam’s agriculture sector has set targets of achieving average annual GDP growth of 3.6-4%, increasing export revenue by 10-12% per year, and cutting greenhouse gas emissions by 8-9% over the next five years. The targets form the core of a broader strategy to shift from low-value agricultural production toward higher-value products and build an ecological, green and low-emission agricultural sector with more efficient resource management.

May 28, 2026

BANKING / FINANCE / INSURANCE / TAX

OUTSTANDING LOANS IN HCMC, DONG NAI TOP VND6 QUADRILLION

Total outstanding loans in HCMC and Dong Nai City had amounted to VND6 quadrillion as of April 2026, accounting for 31.1% of the total in Vietnam’s banking system. The latest figures were released on May 26 by Nguyen Duc Lenh, deputy director of the State Bank of Vietnam’s Area 2 branch, which oversees HCMC and Dong Nai City.

May 28, 2026

MEMBER CORNER / PROMOTIONS

KNIC OFFICIALLY HOLDS GENERAL CONTRACTOR CEREMONY FOR INFRASTRUCTURE CONSTRUCTION AT KNIC NAM LONG THANH IP

On May 21, 2026, KNIC officially launched the infrastructure construction for Phase 1 of KNIC Nam Long Thanh Industrial Park (Bau Can - Tan Hiep), spanning 1,000 hectares in Dong Nai. Following the completion of all key legal and planning procedures, this milestone marks the project’s transition into active on-site implementation.

May 27, 2026