HCM City becomes most attractive investment destination
Ho Chi Minh City was the most attractive destination for foreign investors, luring 3.74 billion USD in the first nine months of this year, accounting for 14.6 percent of the country’s total 25.4 billion USD.
Hanoi (VNA) – Ho Chi Minh City was the most attractive destinationfor foreign investors, luring 3.74 billion USD in the first nine months of thisyear, accounting for 14.6 percent of the country’s total 25.4 billion USD.
According to the Foreign Investment Agency under the Ministry ofplanning and Investment, the north central province of Thanh Hoa came secondwith 3.15 billion USD, accounting for 12.4 percent of total FDI.
Meanwhile, the northern province of Bac Ninh ranked third with 3.14billion USD, or 12.3 percent of total figure, the agency reported.
As of September 20, Vietnam attracted 25.4 billion USD in foreign directinvestment (FDI) in the reviewed period, up 34.3 percent year on year.
Of the total, 14.5 billion USD was poured into 1,844 new projects, while6.75 billion USD was additional capital to 878 underway ones, and 4.16 billionUSD was worth capital shares bought by foreign investors.
So far this year, foreign investors invested in 18 areas, mostly in the processingand manufacturing sector with 12.64 billion USD, or 49.6 percent of total FDI.
Production and distribution of power was the second most attractivesector, which reeled in 5.37 billion USD, followed by the wholesale and retailsector with 1.58 billion USD.-VNA
Ho Chi Minh City drew 3.71 billion USD in foreign direct investment (FDI) over the past nine months, up 64.3 percent year on year, according to the municipal People’s Committee.
Meeting, Incentive, Convention and Exhibition (MICE) tourism should become a staple of Ho Chi Minh City’s tourism sector, as the lucrative business brings added value and contributes to the city’s sustainable development, experts said.
Agricultural tourism is one of the new tourism products of Ho Chi Minh City with high potential of development, but providers of this kind of tourism are facing difficulties in expanding their service.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
A view of Ho Chi Minh City (Phto: VNA) 
