New strengths and strategies in attracting FDI to Ho Chi Minh City.

Despite numerous issues remaining to be resolved during the administrative restructuring process, Vietnam's business environment remains optimistic in the long term, according to foreign investors. Bruno Jaspaert, President of EuroCham Vietnam, stated: “Nearly three-quarters of surveyed business leaders (72%) indicated they would recommend Vietnam as an investment destination.”

It's not difficult for investors to see that the reorganization of administrative units is not just a simple administrative reform, but also aims to create administrative units of sufficient scale, development potential, and connectivity. This is the basis for many localities to become fertile ground for foreign direct investment (FDI) to take root and flourish.

Ho Chi Minh City is a prime example. As of the end of May 2025 (excluding newly merged localities), Ho Chi Minh City leads the country in attracting FDI, with over US$59.7 billion in registered capital. Since Binh Duong and Ba Ria - Vung Tau (which attracted nearly US$42.9 billion and US$38.2 billion respectively) are also among the top 10 localities in attracting FDI, Ho Chi Minh City will certainly remain at the top in the new ranking with a cumulative total of over US$140 billion, accounting for 28% of the total valid registered FDI capital nationwide.

After reorganization, Ho Chi Minh City has become a "megacity" with a population of approximately 14 million people, a total area of ​​nearly 6,800 km², and a distance of about 200 km between the two furthest points in the city by road (along the North-South axis). Already the largest financial, commercial, and innovation center in the country, with the addition of nearly 40 industrial parks from the former Binh Duong province, Ho Chi Minh City now has nearly 60 industrial parks, including those focusing on "traditional" industries as well as those dedicated to the digital economy and innovation.

With the addition of Ba Ria - Vung Tau (formerly) with its large oil and gas fields and infrastructure serving oil and gas exploration, exploitation, and processing, Ho Chi Minh City's "oil and gas strength" is amplified by a series of oil and gas companies already operating in the area, such as: VietsoPetro, PV Oil, GAS, PVEP (exploration and exploitation), PTSC (technical services), PVD (drilling and oil and gas services), PSV (general oil and gas services), PV Trans (oil and gas transportation)...

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In terms of transportation, the Tan Son Nhat airport complex with terminals T1, T2, and T3, Long Thanh airport (although located in Dong Nai, it's only about 40km from the center of Ho Chi Minh City), along with seaports such as Cat Lai (the largest port in Vietnam); Cai Mep - Thi Vai (the largest deep-water port in Vietnam); Can Gio, Tan Cang (including Phu Huu and Hiep Phuoc areas); Tan Thuan international container port…, Ho Chi Minh City is a world-class international logistics center, capable of competing on par with the largest logistics centers in the region. In addition, Ho Chi Minh City is further enhanced by its strengths in coastal and island tourism with beaches such as Vung Tau, Ho Tram, Long Hai, Binh Chau, Can Gio, and Con Dao.

To transform the aforementioned enormous potential into overall growth and effective FDI attraction, Ho Chi Minh City has done much, but there is still much work to be done. To accelerate the attraction of large investors to participate in science and technology, innovation, and high value-added sectors, Ho Chi Minh City is finalizing regulations related to the list of priority sectors for attracting strategic investors.

The city has committed to significantly reducing the processing time for investment applications. For example, the time for issuing new investment registration certificates; applications for capital contributions, share purchases, and equity stakes in economic organizations has been reduced from 15 days to 7 working days; and the time for renewing investment registration certificates has been reduced from 3 days to 1 working day. Ho Chi Minh City also advocates for the increased application of information technology in investment management and proposes amendments to the national information system on foreign investment to enable the full-processing of administrative procedures for foreign investor projects.

If the government apparatus implements everything smoothly and efficiently after the restructuring, there is every reason to believe in a fruitful harvest from Ho Chi Minh City's FDI "garden," despite the challenging international context.

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Source: https://www.sggp.org.vn/the-va-luc-moi-trong-thu-hut-fdi-cua-tphcm-post802209.html