It is not difficult for investors to see that the restructuring of administrative units is not just a simple administrative reform, but also aims to create administrative units with sufficient scale, development and connectivity. This is the basis for many localities to become fertile ground for foreign direct investment (FDI) to "take root".
Ho Chi Minh City is a living proof. Accumulated up to the end of May 2025 (not including newly merged localities), Ho Chi Minh City is leading the country in attracting FDI, with more than 59.7 billion USD in registered capital. Because Binh Duong and Ba Ria - Vung Tau (attracting nearly 42.9 billion USD and nearly 38.2 billion USD, respectively) are also in the top 10 localities in attracting FDI, so in the new "overall ranking", Ho Chi Minh City is sure to remain at the top with an accumulated amount of more than 140 billion USD, accounting for 28% of the total valid registered FDI capital of the whole country.
After the reorganization, Ho Chi Minh City has become a "megacity" with a population of about 14 million people, a total area of nearly 6,800 km² and a distance between the two farthest points in the area of about 200 km by road (calculated along the North - South axis). Already the largest financial, commercial, innovation - creative center in the country, now, with the addition of nearly 40 industrial parks (IPs) from Binh Duong (old), Ho Chi Minh City has nearly 60 IPs, including IPs with "traditional" industries and IPs for digital economy , innovation - creative.
With the addition of Ba Ria - Vung Tau (old) with large oil and gas mines and infrastructure serving oil and gas exploration, exploitation and processing, the "oil and gas power" of Ho Chi Minh City is combined with a series of oil and gas companies that are already established in the area, such as: VietsoPetro, PV Oil, GAS, PVEP (exploration and exploitation), PTSC (technical services), PVD (oil and gas drilling and services), PSV (oil and gas general services), PV Trans (oil and gas transportation)...
Regarding transportation, Tan Son Nhat airport cluster with terminals T1, T2, T3, Long Thanh airport (although in Dong Nai, the distance to the center of Ho Chi Minh City is only over 40km) and seaports such as Cat Lai (the largest port in Vietnam); Cai Mep - Thi Vai (the largest deep-water port in Vietnam); Can Gio, Tan Cang (including Phu Huu, Hiep Phuoc areas); Tan Thuan international container port..., Ho Chi Minh City is a large-scale international logistics center, competitive enough to compete with the largest logistics centers in the region. In addition, Ho Chi Minh City also has the added advantage of sea and island tourism with the beaches of Vung Tau, Ho Tram, Long Hai, Binh Chau, Can Gio and Con Dao.
To turn the above-mentioned great potentials into growth in general and effective FDI attraction in particular, Ho Chi Minh City has done a lot, but there is still a lot to do. To accelerate the attraction of large investors to participate in the fields of science - technology, innovation, and high added value, Ho Chi Minh City is perfecting regulations related to the list of priority industries to attract strategic investors.
The city has committed to drastically reducing the time for processing investment dossiers. For example, the time for issuing new investment registration certificates; dossiers for capital contribution, purchase of shares, capital contributions to economic organizations has been reduced from 15 days to 7 working days; and the time for issuing and changing investment registration certificates has been reduced from 3 days to 1 working day. Ho Chi Minh City also advocates promoting the application of information technology in investment management, and at the same time proposes to amend the national information system on foreign investment to be able to deploy the settlement of administrative procedures throughout the project dossiers of foreign investors.
If the next government apparatus arranges to implement everything smoothly and rhythmically, there is every reason to believe in a sweet harvest from HCMC's FDI "garden", despite the challenging international context.
Source: https://www.sggp.org.vn/the-va-luc-moi-trong-thu-hut-fdi-cua-tphcm-post802209.html
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