More and more US businesses have been looking to pour capital into or expand their existing investment in Ho Chi Minh City, especially in hi-technology, electronics, and telecommunications, as well as other areas where the city has strengths.
Hanoi (VNA) - More and more US businesses have been looking to pour capital into or expandtheir existing investment in Ho Chi Minh City, especially in hi-technology, electronics,and telecommunications, as well as other areas where the city has strengths.
Municipal authorities have granted a certificate to the US’s Intel Products Vietnam(IPV) Co. Ltd, allowing it to add 475 million USD to its project in the city’shi-tech park and bring the total to over 1.5 billion USD.
Vice President and General Director of IPV, Kim Huat Ooi, affirmed that itwill not reduce the size of its factory in Vietnam and plans to continue pouringin huge sums in the future.
IPV is one of ten Intel production facilities worldwide and receives the largesthigh-tech investment in Vietnam coming from the US.
According to Hua Quoc Hung, head of the HCM CityExport Processing and Industrial Zones Authority (HEPZA),the city’s industrial parks are home to eight foreign-invested electronics projectswith capital over 20 million USD. The largest is a plant worth 1.066 billion USDbelonging to the US’s First Solar Co., Ltd.
Statistics show that over 160 US businesses are now investing in HCM City.
The southern hub is an attractive destination for new investment flows from multinationalcorporations, especially US tech firms moving their production out of China.
Its sound technology infrastructure, smart transport, and skilled workforce areadvantages helping the city be more attractive in the eyes of investors.
Municipal authorities have rolled out specific orientations to strengthen cooperationwith the US in the 2020-2025 period, focusing on expanding US investment in thecity’s scientific and technological services supply chain, promoting innovation,turning the city into a smart city and an international financial centre, and forminga creative and interactive urban area in the city’s east.
Analysts have said the city needs to showcase its unique advantages in order tostand out among investment destinations so as to attract more foreign investment,especially from the US./.
Vietnamese Ambassador to the US Ha Kim Ngoc had an online meeting on April 14 with Chairman of the Business Council for International Understanding (BCIU) Peter Tichansky and senior officials of 40 major US enterprises to discuss bilaterial cooperation and investment opportunities.
An online discussion took place recently in Washington D.C. to look into post-COVID-19 investment opportunities throughout ASEAN, with some companies saying they will soon announce investment and business expansion plans in Vietnam.
Vietnam and the US are celebrating the 25th anniversary of their diplomatic ties this year, marking a significant change. Mutual trust has helped the two countries overcome pains in the past and join hands in building a close relationship, Executive Director of the American Chamber of Commerce (AmCham) in Hanoi Adam Sitkoff said in an interview granted to VietnamPlus e-newspaper.
Indonesia’s Foreign Minister Retno LP Marsudi said on November 1 that the country has retained its status as a beneficiary of the US’s Generalized System of Preferences (GSP) following a recent visit to Jakarta by US Secretary of State Mike Pompeo.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
A corner of Ho Chi Minh City (Photo: VNA) 
