Ho Chi Minh City attracts FDI up 220% in Q1 2026

Foreign direct investment (FDI) into Ho Chi Minh City rose 220% year-on-year in the first quarter of 2026, according to the Ho Chi Minh City Statistics Department. The city recorded 10 notable registered capital projects for the quarter, with many involving Singaporean investors. The figures suggest foreign investor confidence in the city’s investment and business environment remains resilient amid global economic and political volatility.

Notable projects from Singaporean investors

In the list of notable FDI projects for Q1 2026, Singaporean investors were present across sectors including technology, telecommunications, manufacturing, and financial services.

In the new-investment group, notable is the TikTok Shop Vietnam project by TikTok PTE. LTD (Singapore), with total investment of USD 125 million in information and communications. Also included is the Techtronic Tools Vietnam Plant by Techtronic Industries Company PTE. LTD (Singapore), with USD 81 million, focused on processing and manufacturing technology.

Singaporean enterprises also expanded operations through additional capital. SP Vietnam Ho Chi Minh increased capital by USD 67 million in information and communications, while MOMOGI Group VN increased capital by USD 55.4 million in science and technology.

Singaporean investors also participated in equity deals, including contributing more than USD 64.3 million to Bibica Capital and nearly USD 34.4 million to Timo Vietnam.

The frequency of Singapore-linked projects in the quarter highlights Singapore as an important investment partner for Ho Chi Minh City.

FDI diversification continues

FDI into Ho Chi Minh City in Q1 also came from other regional countries. Among the 10 notable projects, the largest deal was from an Indonesian investor, contributing more than USD 1.7 billion to VLD Investment and Finance Joint Stock Company.

Investors from the Netherlands, South Korea, and China were also involved, spanning technology, science, and industry sectors.

Diversifying capital sources is viewed as a key factor helping Ho Chi Minh City withstand global economic fluctuations.

Planned 2026 foreign investment attraction

According to the Department of Finance, the city will continue implementing its 2026 foreign investment attraction plan, targeting about USD 11 billion for the year. Key measures include accelerating administrative reform, improving inter-agency coordination, promptly addressing obstacles for investors, and focusing investment promotion on priority sectors such as high-tech, innovation, data centers, logistics, and green growth—sectors expected to generate broad spillover effects on the economy.

Ten notable FDI projects in Ho Chi Minh City in Q1/2026

Source: Ho Chi Minh City Department of Finance