Ho Chi Minh Times

Sunday, Aug 09, 2026

Ho Chi Minh City Set to Attract New Wave of US Investment

Key sectors like technology, finance, and healthcare draw strong interest from US enterprises
Ho Chi Minh City is on track to attract a significant influx of investment from US enterprises, with several key projects proposed in sectors such as technology, finance, and healthcare. The recent HCM City Autumn Forum 2024, held in New York, sparked strong interest from US investors, with municipal authorities emphasizing the city’s openness to supporting US ventures. Chairman Phan Van Mai proposed making the forum an annual event to strengthen ties and boost bilateral investments.

In 2025, over 30 US companies are expected to return to Vietnam to deploy signed agreements and deepen connections with local businesses. Notable projects include the Smart Tech Group’s proposal for a $340-850 million battery production plant and Coteccons’ collaboration with Eaton Corporation on a data center in Saigon Hi-Tech Park. Meanwhile, NVIDIA and Marvell Technology are also exploring opportunities in AI, supercomputing, and chip design in Ho Chi Minh City.

The city's favorable conditions are attracting high-profile US investments, with experts like Philippe Ghanem from SquaredFinancial highlighting the potential for Ho Chi Minh City to establish itself as a new financial center in Asia.
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