The Billion-Dollar FDI “Club”: Ho Chi Minh City Surges to the Top Spot
In 2025, Vietnam’s total registered Foreign Direct Investment (FDI) reached $38.42 billion, a slight 0.5% increase year-on-year. A significant administrative restructuring involving provincial mergers has drastically altered the FDI leaderboard, resulting in 11 localities attracting over $1 billion each.
Top Performers:
- Ho Chi Minh City (HCMC): Claimed the #1 spot after merging with Binh Duong and Ba Ria-Vung Tau. The city attracted $7.09 billion (+5.8%), leading the nation in new projects and capital contributions.
- Bac Ninh: Ranked #2 following its merger with Bac Giang. despite a 10.3% decrease, it secured $5.69 billion, cementing its status as a high-tech hub with a major $1.2 billion capital addition from Samsung Display.
- Hanoi: Surged to #3 with $4.44 billion (+105.3%), driven primarily by capital adjustments, including a $1.12 billion increase for the Yen So Park project by Gamuda Land.
- Dong Nai: Rose to #4 after merging with Binh Phuo, attracting $4.23 billion (+65%).
- Tay Ninh: Made a dramatic leap of 14 spots to #5 (merged with Long An), securing $2.92 billion via projects like Global Hantex and Coca-Cola.
Other notable investments included a $1 billion increase by LG Display in Hai Phong and a new $1 billion project by Syre in Gia Lai. The data suggests that provincial mergers are effectively enhancing regional competitiveness and distributing investment more evenly.
