Confidence is strengthened, investors continue to pour capital into Ho Chi Minh City

The Ho Chi Minh City government is actively resolving the problems at the Thu Thiem Eco Smart City project so that the investor can continue implementing the project. Photo: Le Quan

Accompanying government, confident investors

Last weekend, Chairman of the Ho Chi Minh City People's Committee Nguyen Van Duoc had a working session with Lotte Group (Korea) to resolve difficulties for investors in the Thu Thiem Smart Complex Project (Thu Thiem Eco Smart City). This was the second working session in more than a month since Lotte Properties HCMC sent a document requesting to terminate the project.

At the meeting, the Chairman of the Ho Chi Minh City People's Committee affirmed that the City always cares about and accompanies investors, including Lotte's projects. Regarding specific recommendations related to Lotte Group's projects, the Chairman of the Ho Chi Minh City People's Committee directly discussed with the Group's leaders and the City has sent a document requesting the Government to resolve them, because these authorities belong to the Government.

At the meeting, Mr. Jun Sung Ho, General Director of Lotte Properties HCMC Co., Ltd. said: "After meeting directly with the Chairman of the Ho Chi Minh City People's Committee on August 29, receiving encouragement from the leaders of Ho Chi Minh City, the Group's leaders changed their views and wished to continue implementing the Project, if the Group's recommendations are resolved."

The meeting only lasted for about 40 minutes, but satisfaction was evident on Mr. Jun Sung Ho's face. A notable detail at this meeting was that in addition to the Chairman of the Ho Chi Minh City People's Committee, there were also 4 Vice Chairmen involved in the investment sector to answer and resolve problems right at the meeting. That demonstrated the City's support in resolving investors' difficulties.

Not only Lotte, many other investors also clearly feel the companionship of Ho Chi Minh City leaders with their business activities. The opening ceremony of the new office of Marvell Group (USA) recently witnessed the presence of the Chairman of the City People's Committee.

Speaking at the event, Mr. Nguyen Van Duoc pledged that in the coming time, the City will accompany Marvell and investors by creating a favorable environment in terms of mechanisms, policies, infrastructure and human resources. The City is ready to support Marvell to promote R&D activities, technology transfer, and expand the scale of engineering training right in Vietnam.

“Businesses clearly see that the investment environment in Ho Chi Minh City is improving and are committed to long-term investment here,” said Mr. Sandeep Bharathi, President of Marvell Global Data Center Division.

Confidence is strengthened, FDI capital will continue to flow into Ho Chi Minh City

Statistics from the Ho Chi Minh City Department of Finance show that in the first 9 months of 2025, the City attracted 7.73 billion USD in foreign direct investment (FDI), 3.5 times higher than the same period in 2024, of which the high-tech sector alone attracted more than 2 billion USD.

In Ho Chi Minh City, for applications for new investment registration certificates, applications for capital contribution registration, purchase of shares, and capital contributions to economic organizations, the processing time has been reduced from 15 days to 7 working days; applications for adjusting investment registration certificates have been reduced from 10 days to 5 working days; applications for adjusting project names, investor names and addresses have been reduced from 3 days to 1 working day; applications for reissuing investment registration certificates have been reduced from 3 days to 1 working day.

In particular, after Ho Chi Minh City expanded its administrative boundaries, seeing the potential of the large investment space, investors continuously proposed investment projects in the City. In the Ba Ria - Vung Tau area, a series of high-tech, environmentally friendly FDI projects simultaneously started construction such as the artificial fiber factory of EVERSON Group (120 million USD in phase I, increased to 600 million USD later), or the auto, medical, and aviation components project of Anson New Energy (40 million USD).

In the semiconductor field, Tokuyama Group (Japan) invested 60 million USD to build the first polysilicon factory in Vietnam, opening a new development direction for the high-tech industry.

In Binh Duong area, Tokyu Corporation (Japan) is surveying to expand investment into high technology and semiconductors, after the Binh Duong Concentrated Information Technology Park was approved.

In addition to licensed and commenced projects, many of the world’s leading technology corporations consider Ho Chi Minh City an attractive investment base. Notably, NVIDIA Corporation (USA) is considering establishing an AI Research, Development and Training Center and installing a “super” computer system here.

In the field of data center investment, a series of "big guys" such as Eaton (USA), Evolution (under Warburg Pincus, USA), Hyosung (Korea), NTT Data (Japan) proposed to the People's Committee of Ho Chi Minh City to study the project in the High-Tech Park of Ho Chi Minh City. Another big name from the United States, Smart Tech Group, proposed to invest in a battery factory to store electricity, with an investment capital of 550 - 850 million USD.

It can be seen that after the merger, Ho Chi Minh City possesses many rare synergistic advantages such as large market scale, expanded industrial infrastructure, concentrated preferential policies, young and dynamic human resources, along with a diverse financial and service center. All of these create a solid foundation for Ho Chi Minh City to become a strategic production base for technology corporations in the coming period.

To continue attracting investment, the Chairman of the Ho Chi Minh City People's Committee pledged to continue improving the investment environment by reducing at least 30% of the time it takes to process investment dossiers. Along with simplifying procedures, the City is conducting a comprehensive review of the appraisal process to eliminate intermediary steps, reduce the need to consult with a number of agencies, thereby speeding up the project processing progress.

Source: https://baodautu.vn/niem-tin-duoc-cung-co-nha-dau-tu-tiep-tuc-rot-von-vao-tphcm-d407914.html