Ho Chi Minh City FDI Soars to $8.37 Billion in 2025: Implications for Vietnam’s Growth and Industrial Real Estate

Ho Chi Minh City (HCMC) continued to dominate Vietnam’s foreign direct investment (FDI) landscape in 2025, drawing an estimated US $8.37 billion in registered capital — up 24.2 % from the previous year. This achievement reflects both pent-up investor demand and structural improvements in Vietnam’s economic framework, reinforcing the city’s position as a premier investment destination in Southeast Asia.

Ho Chi Minh City’s FDI performance in 2025 was marked by several standout figures:

• US $8.37 billion in total registered FDI, showing robust growth compared with 2024.
• 1,865 new FDI projects with combined capital of over US $1.6 billion, demonstrating continued investor appetite for greenfield ventures.
• 432 existing projects boosted their registered capital by US $2.9 billion.
• 2,700 capital contribution and share purchase transactions worth US $3.7 billion, reflecting strong secondary market activity.

These categories together illustrate not only initial planning but ongoing trust among existing foreign investors, who are expanding their footprint in HCMC’s dynamic economy.

Diverse Investor Base and Top Source Countries

Investors from 89 countries and territories participated in HCMC’s 2025 FDI inflows.

• Singapore led all sources with roughly US $2.1 billion — about 25 % of total registered capital.
• Republic of Korea followed with roughly US $635.2 million.
• Hong Kong (China) contributed around US $482.2 million.

The geographic diversity underscores HCMC’s strong appeal to both regional and global capital — from ASEAN neighbors to East Asian investors — and highlights its strategic value within global supply chains.

Sector Trends: Manufacturing and Real Estate Lead

By industry, the manufacturing and processing sector remained the largest FDI beneficiary in HCMC, anchored by:

• 5,829 projects with total capital exceeding US $75.4 billion, representing 53.3 % of total cumulative registered FDI.

The real estate sector came in second with a cumulative US $28.5 billion, reflecting sustained investor confidence in Vietnam’s property market as both a development and logistics hub. Other notable contributors included wholesale and retail trade, vehicle repair, and key services sectors — broadening HCMC’s economic base beyond traditional manufacturing.

The trends align with Vietnam’s ongoing transition toward higher-value economic activities and urban infrastructure investment, as outlined in recent Vietnam industrial growth forecasts.

Why FDI Still Flows to HCMC

Strategic Geographic Position: HCMC is Vietnam’s commercial and financial hub, with deep port infrastructure, international connectivity, and access to global markets.

Policy and Administrative Reforms: Recent administrative simplifications and trade promotion efforts have improved ease of doing business. HCMC’s People’s Committee and related agencies continue to prioritize investment facilitation — a pattern also visible in the steady rise of registered projects.

Strong Secondary Market Activity: The high volume of capital contributions, share purchases, and stake acquisitions reflects a maturing investment environment where capital mobility and investor confidence are rising, particularly among multinational corporations.

Cumulative Base of FDI Projects: With more than 20,310 active FDI projects and US $141.9 billion in cumulative registered capital, HCMC remains Vietnam’s leading FDI destination by both project volume and capital scale.

Implications for Industrial and Property Markets

The sustained inflows have direct implications for sectors relevant to investors and market participants:

• Industrial Real Estate: Continued manufacturing investment fuels demand for ready-built factories, logistics parks, and export processing zones — echoing trends seen in other Tier-1 Asian hubs.
• Logistics & Supply Chain: Capital inflows support expansion of logistics networks, warehousing capacity, and trade-oriented infrastructure.
• Urban Development: Real estate FDI underpins urban regeneration, commercial office growth, and residential investment.

For developers, commercial brokers, and investors seeking opportunities in Vietnam, understanding these FDI dynamics offers a forward-looking lens on where demand is headed next.

For investors seeking to capture opportunities, Core5 Vietnam provides more than facilities , we are your strategic partner in long-term success.

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