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Foreign capital continues to pour into Ho Chi Minh City

“In the first four months of the year, the Ho Chi Minh City High-Tech Park attracted more than US$1.2 billion in investment capital. This result not only clearly demonstrates the city government's commitment to supporting the business community, but also proves the increasing attractiveness and prestige of the city's investment environment for leading global technology corporations,” Mr. Nguyen Ky Phung, Head of the Management Board of the Ho Chi Minh City High-Tech Park, enthusiastically stated at the recent investment registration certificate awarding ceremony.

At the Ho Chi Minh City High-Tech Park, a series of large-scale investment projects have just been awarded investment registration certificates by the City People's Committee. Specifically, the 52 MW Data Center project with an investment capital of US$508.7 million is being implemented by a consortium of three Singaporean investors: Hathor, Frontier, and Evolution. Another major project is a super-large data center complex, with an investment of US$480.2 million and a capacity of 60 MW, invested by Starmason Joint Stock Company.

Two other projects also in the high-tech sector include the Tam Anh High-Tech Center, with an investment of US$160 million, implemented by Tam Anh General Hospital, and the Techtronic Tools Vietnam factory, producing smart electronic devices and integrated IoT lithium battery packs, with an investment of US$81 million, invested by TTI Group.

In addition, in the first four months of the year, a series of multi-billion dollar data center projects were also signed by corporations with domestic partners. Among them, G42 Group collaborated with a number of domestic businesses such as FPT Group, VinaCapital Investment Fund, and Viet Thai Investment Group, signing long-term cooperation agreements to develop large-scale data center infrastructure in Ho Chi Minh City with a total expected investment value of up to US$2 billion. This project will be invested in the Ho Chi Minh City High-Tech Park.

A joint venture between Accelerated Infrastructure Capital (AIC) and Kinh Bac Urban Development Corporation (KBC) signed an investment agreement for an Artificial Intelligence Data Center (AI Data Center) in Tan Phu Trung Industrial Park (Cu Chi commune, Ho Chi Minh City), with a total expected investment of approximately US$2.1 billion.

Another major player, Qualcomm Technologies, Inc. (a subsidiary of Qualcomm Incorporated), recently announced expanded investment in strategic areas in Vietnam including 6G infrastructure, data centers, automotive technology, AI phones, smart devices, and robotics technology.

In the first four months of 2026, foreign direct investment (FDI) into Ho Chi Minh City reached nearly US$3.3 billion, a 127% increase compared to the same period last year. This surge in growth demonstrates the city's increasing attractiveness to international investors, making FDI attraction a prominent highlight in the economic picture of the first few months of the year.

Not only has the capital flow shown positive results, but its quality has also significantly improved, with all projects falling within the high-tech project category that Ho Chi Minh City is currently targeting for investment. Mr. Nguyen Ky Phung stated that the projects granted investment certificates not only directly contribute to GRDP growth but also firmly consolidate Ho Chi Minh City's role as a leading center for innovation, digital infrastructure, and green industry in the region.

On the investor side, Mr. ST Liew, Vice President of Qualcomm Technologies, Inc., and President of Qualcomm for Southeast Asia, Australia, and New Zealand, commented that Vietnam is asserting its position as one of the leading strategically important technology markets in the Asia-Pacific region. Therefore, Qualcomm Technologies is committed to long-term investment in Vietnam.

What is creating new appeal for Ho Chi Minh City?

Ho Chi Minh City's attractiveness to international corporations stems not only from its market size or its position as the country's largest economic center, but also from its increasingly完善 infrastructure system, the quality of its human resources, and its continuously improving investment environment.

With a series of strategic infrastructure projects about to be put into operation, such as Long Thanh International Airport, Ho Chi Minh City Ring Road 3, Ben Luc - Long Thanh Expressway, and Bien Hoa - Vung Tau Expressway, when these infrastructure projects become operational, they will shorten the distance from industrial zones to seaports, reduce logistics costs, and enhance import and export capabilities. This is a crucial factor that leads multinational corporations to choose Ho Chi Minh City as a location for factories, distribution centers, or regional operations centers, especially in the fields of processing, manufacturing, supporting industries, electronics, logistics, and high technology. Notably, administrative procedure reform is becoming a crucial "plus point" in the race to attract high-quality investment capital. Currently, all investment procedures in Ho Chi Minh City are submitted through a single one-stop service center, the City's Public Administrative Service Center. Businesses can even complete these procedures through the online public service portal without having to visit in person. In particular, for high-tech projects such as data centers, Ho Chi Minh City will apply a special mechanism allowing the issuance of investment registration certificates within 15 days of receiving complete and valid documents.

The significant reduction in processing time is considered a key factor in helping Ho Chi Minh City succeed.

Le Quan
Investment Newspaper