HCM City is enacting numerous solutions to facilitate FDI into the city by focusing on infrastructure and administrative procedures, as the fund poured into it has been dwindling this year.
With FDI dwindling this year, HCM City is mulling ways to attract investors. (Photo haiquanonline.com.vn)
HCMCity (VNS/VNA) – HCM City is enacting numerous solutions tofacilitate FDI into the city by focusing on infrastructure and ꦬadministrativeprocedures, as the fund poured into it has been dwindling this year.
The country’s biggest economichub received 3.25 billion USD worth of FDI in the first nine months of theyear, a 28 percent decrease year-on-year, according to the city's StatisticsOffice. There were 719 new projectsworth 407.4 million USD, 23.6 percent and 57.1 percent down. Nguyen Anh Thi, head ofmanagement of District 9’s Saigon Hi-tech Park, said the park has beendiscussing with 15 potential foreign investors since the beginning of thisyear, but only issued a permit for one project worth 3 million USD. The number of projects withinvestment of above 100 million USD is reducing while investors areincreasingly moving away from HCM City and to other provinces. Many investors have complainedthat traffic infrastructure and administrative procedures have not improvedmuch. In face of thesituation, the city is speeding up work on infrastructure projects such asthe metro line No 1 and Thu Thiem Bridge No 2. It is also focusingon streamlining procedures involved in licensing permit, as well asfurther utilising information technology to reduce time spent on theprocedures, and expanding online public services. The city is also pushing up theconstruction of more industrial parks. It has recently proposedsetting up of a new 280 hectares hi-tech industrial park in Binh ChanhDistrict. Meanwhile,industrial production is showing signs of recovery in HCM City post-COVID,benefiting from support policies. Its Index of IndustrialProduction was 9.6 percent up in September, and 2.2 percent higheryear-on-year, according to the Department of Industry and Trade. The policies include defermentof tax and land rent payment, loans on easy terms from banks and consultancy. Several industries have seenproduction rise since last month, food processing by 10.2 percent, chemicals by33.4 percent, and rubber and plastic by 2.8 percent./.
Ho Chi Minh City’s real estate sector attracted 984.4 million USD in foreign direct investment (FDI) during January-November, triple the figure from the same time in 2016.
The Mekong Delta province of Kien Giang has welcomed a total of 796 non-State investment projects with over 540.66 trillion VND (23.35 billion USD) in capital, local authorities have said.
As of the beginning of October, Ho Chi Minh City has licenced nearly 30,000 new businesses with combined registered capital totaling 667 trillion VND (28.64 billion USD), according to the municipal Department of Planning and Investment.
Local industrial parks (IP) in the southern industrial hub of Binh Duong lured 840.5 million USD of investment in the first nine months of 2020, according to the Management Board of Binh Duong IP.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
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.
With FDI dwindling this year, HCM City is mulling ways to attract investors. (Photo haiquanonline.com.vn) 
