Ho Chi Minh City, the southern economic hub, attracted 5.04 billion USD in foreign direct investment (FDI) in the first 10 months of 2017, a two-fold increase year on year.
Ho Chi Minh City attracted 5.04 billion USD in foreign direct investment (FDI) in the first 10 months of 2017 (Source: VNA)
HCM City (VNA) – Ho Chi MinhCity, the southern economic hub, attracted 5.04 billion USD in foreign directinvestment (FDI) in the first 10 months of 2017, a two-fold increase year onyear.
According to the municipal Department ofPlanning and Investment, in the period, there were 681 newly-registeredprojects totalling 1.89 billion USD, while 703.4 million USD was added to 184existing projects.
About 1840 foreign investors were licensedto pour 2.43 billion USD into buying stakes and contributing charter capital toexisting companies.
Among sectors, real estate attracted themost FDI with 1.01 billion USD, three times higher than that of the same periodlast year. It was followed by the manufacturing and processing sector with over473 million USD or a year-on-year 5.7-fold rise.
The Republic of Korea remained the biggestinvestor in Ho Chi Minh City with 1.03 billion USD, followed by the US (255million USD), Singapore (137 million USD) and Japan (121 million USD).
During January-October, the city had 33,839newly-established enterprises with a total registered capital of over 457trillion VND (20.1 billion USD), up 13.2 percent in number and 88.7 percent incapital compared with the same period last year.
The city has made efforts to encouragebusiness households to turn into businesses. To date, 1,629 business householdshave switched to enterprises.-VNA
Ho Chi Minh City prioritises investment in green hi-tech industries, urban development and transport infrastructure, said Vice Chairman of the municipal People’s Committee Tran Vinh Tuyen.
The demand for human resources in Ho Chi Minh City is forecast to rise 2-3 percent annually to reach 4.61 million labourers by 2020 and 5.34 million labourers by 2025.
About 28.24 billion USD in foreign direct investment (FDI) was poured into Vietnam between January and October, up 37.4 percent year on year, said the Foreign Investment Agency under the Ministry of Planning and Investment.
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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.
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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.
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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.
Ho Chi Minh City attracted 5.04 billion USD in foreign direct investment (FDI) in the first 10 months of 2017 (Source: VNA) 
