Ho Chi Minh City welcomes "investment wave" from the United States

Panorama of Intel Factory in Ho Chi Minh City High-Tech Park. Photo: Le Toan

US businesses continue to propose projects

A high-level delegation from the Trump Organization (USA) recently had a working session with leaders of Ho Chi Minh City and conducted a field survey of the Thu Thiem area to find a suitable location to invest in the Trump Tower Project, with a complex of a commercial center, luxury apartments, a 5-star hotel and offices for rent.

Since the beginning of 2025, Ho Chi Minh City has welcomed and worked with many US businesses to explore investment opportunities and propose projects. Information from the Management Board of Ho Chi Minh City High-Tech Park (SHTP) shows that since the beginning of the year, SHTP has welcomed more than 10 delegations of domestic and foreign investors to explore investment opportunities, including many businesses from the United States. Notably, Omega Company is interested in the field of electronic microchips, while Quantum Systems is exploring investment in biotechnology.

Also recently, many US companies have proactively proposed large-scale projects in Ho Chi Minh City. For example, Smart Tech Group has sent a document to the Ho Chi Minh City People's Committee proposing to invest in a battery storage factory on an area of 10 to 50 hectares, with a total estimated investment capital of 340 to 850 million USD. The company expects to be able to implement the project in 2025 or as soon as the land is handed over.

In particular, the data center sector in the Hi-Tech Park is attracting investment from US technology corporations. In particular, Evolution Group (a member of Warburg Pincus Investment Fund) proposed a 36 MW data center project with a total investment of about 305 million USD. Eaton Group also sent a proposal to the Ho Chi Minh City People's Committee to invest in a data center in the Hi-Tech Park.

Not only welcoming "guest" delegations to explore investment opportunities, from May 20 to 22, 2025, the SHTP Management Board directly promoted investment in the United States to introduce the investment environment and preferential policies for potential investors, especially in the high-tech sector.

Golden opportunity, but need to be prepared

In the wave of investment from US businesses in Ho Chi Minh City, it is impossible not to mention the presence of NVIDIA Corporation - a "giant" in the global artificial intelligence (AI) technology industry. After 3 working sessions with Ho Chi Minh City in 2024, the two sides are in the process of agreeing on a comprehensive cooperation plan, with key contents including establishing a branch of the research and development center (R&D) in Ho Chi Minh City; developing AI human resources; implementing the Jen-Hsun Huang scholarship program; AI training program; building a High Performance Computing Center and an AI Center of Excellence (CoE).

The influx of investment proposals from US technology corporations is a positive signal, showing the strong attraction of Ho Chi Minh City for high-quality capital flows, especially in the fields of technology and real estate.

According to a report from the Department of Science and Technology of Ho Chi Minh City, it is expected that in early June 2025, Ho Chi Minh City and NVIDIA will officially sign a cooperation agreement, with the participation of senior representatives of NVIDIA.

Assessing the potential for investment cooperation in Ho Chi Minh City, Mr. Keith Strier, Vice President of NVIDIA Corporation, said that Ho Chi Minh City has all the conditions to develop the AI technology industry. In particular, Ho Chi Minh City National University has enough capacity to train human resources to serve the AI technology industry.

“Along with human resources, the City also has an ecosystem of businesses operating in the fields of information technology and semiconductors with enough capacity to immediately join this industry,” Mr. Strier emphasized, affirming that NVIDIA believes in the potential of Vietnam's economic locomotive.

The flurry of investment proposals from US technology corporations is a positive signal, demonstrating the city’s strong attraction to high-quality capital flows, especially in the fields of technology and real estate. However, to welcome the new wave of investment, Ho Chi Minh City needs to continue to improve the investment environment, improve infrastructure quality and especially strengthen the training of high-quality human resources - a key factor for high-tech industries such as AI, semiconductors, and clean energy.

Through contact with US investors, Professor Le Trong Thuy, Head of the Department of Electrical Engineering (San Jose State University, USA) commented that compared to many other localities in Vietnam, Ho Chi Minh City has more advantages in terms of specialized human resources, convenient traffic infrastructure, and a better investment environment.

However, the ability to provide qualified human resources is always a concern for US companies when investing in Vietnam. "If Ho Chi Minh City has a systematic and professional training of human resources to supply businesses, then it is highly likely that US investors will choose Ho Chi Minh City as a destination to invest in the microchip industry," emphasized Professor Le Trong Thuy.

Source: https://baodautu.vn/tphcm-don-song-dau-tu-tu-hoa-ky-d293506.html