Top cities for investment in Vietnam
In the first two months of 2025, Vietnam economy is recording positive signals in attracting foreign direct investment (FDI) and is forecast to continue to be the wonderful destination for foreign capital flows in Asia. Vietnam provinces are planning to implement investment attraction strategies for the next phase, aiming at sustainable development, attracting high-quality projects, promoting digital transformation and green economy. Let explore with us Top cities for investment in Vietnam in this article.
1. Hanoi is always in the leading group of the country in attracting FDI
Regarding FDI attraction, in the period of 2018 – 2020, Hanoi has always been in the leading group of the country. In the two years of 2018 – 2019 alone, Hanoi business opportunities FDI attraction led the country with 7.5 billion USD and 8.67 billion USD respectively. Many large investment projects have been granted investment certificates by the city, such as the Smart City Urban Area project (with a total investment capital of 4.1 billion USD); two projects of Nidec Group in Hoa Lac High-Tech Park (400 million USD); Xuan Son Waste Treatment Plant project (90 million USD); Lotte Mall Hanoi project increased capital by 300 million USD; Samsung Group’s R&D Center project (210 million USD)… In the 2021 – 2022 period alone, due to the impact of the COVID-19 pandemic and the implementation of disease prevention and control measures, the city’s FDI attraction has decreased sharply.
Investors from Japan, Singapore, Korea, the US, European Union (EU) countries… continue to have large projects in Hanoi, focusing on areas such as real estate business; Vietnam industrial parks overview; processing and manufacturing industry; construction; entertainment, accommodation and catering services; healthcare and education…
Vietnam will continue to improve the favorable investment environment to attract FDI enterprises
FDI capital flows tend to approach through the form of capital contribution, share purchase, purchase of capital contributions of enterprises, existing projects and new projects. The increasing momentum of FDI capital in Hanoi from foreign corporations is the clearest evidence, creating strong confidence in growth in the eyes of international investors.
The factors that help Hanoi always be in the top of the provinces and cities in attracting foreign investment capital are that Hanoi is the capital of the whole country, with competitive advantages in sustainable socio-economic development; abundant, high-quality human resources; potential market, diverse services. Moreover, Hanoi is highly appreciated for its infrastructure, time costs, business support services, and always standing side by side with businesses.
It is expected that in 2025, Hanoi business opportunities strive to attract about 2.7 billion USD in FDI; of which, projects using land will be about 1.5 billion USD, and commercial and service projects will be about 1.2 billion USD.
2. Investing in Ho Chi Minh City
Ho Chi Minh City has a favorable strategic location, a large population, a skilled workforce, and is the largest high-tech manufacturing and service center in the country. Therefore, Ho Chi Minh City is always an attractive destination for foreign investors.
In recent years, Investing in Ho Chi Minh City has continuously increased. The number of projects and total investment capital have increased every year. The cumulative number of FDI projects in Ho Chi Minh City has increased from 5,817 projects in 2015 to 13,499 projects, accumulated to November 2024 (2.32 times). Along with that, the total registered investment capital has also increased, from 41.42 billion USD in 2015 to 58.45 billion USD in November 2024 (1.41 times).
In recent times, Ho Chi Minh City has been constantly striving and making efforts, and has achieved certain results in attracting strategic investment. The city has not only attracted foreign investors but also domestic enterprises to register to invest in large-scale projects.
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In addition to the existing advantages of strategic geographical location, infrastructure, high-quality and numerous human resources, the City Government has also constantly improved the business environment, enhanced the quality of economic management, Vietnam industrial parks overview, simplified administrative reform, in order to accompany enterprises to stabilize and develop production and business, creating conditions to attract many large corporations to invest.
At the same time, the City has also strengthened coordination, improved proactiveness and efficiency in management and operation; guided and supported enterprises, aiming at the satisfaction of people and enterprises.
3. Top cities for investment in Vietnam
Currently, Binh Duong is one of top cities for investment in Vietnam attracting FDI capital, after Ho Chi Minh City. Binh Duong province is coordinating with the World Bank (WB) to build industrial parks according to the ecological industrial park model, with the application of green energy, solar energy, water circulation, and operation management according to the Smart Operations Center.
According to the Binh Duong Provincial Planning for the period 2021-2030, with a vision to 2050, the development of new generation industrial parks is an important premise for Binh Duong to attract investment in high-tech industries.
Recently, Dong Nai will also organize meetings with FDI and domestic enterprises to listen to their suggestions and recommendations, thereby providing appropriate support to enterprises. The province has planned to organize domestic and foreign investment promotion campaigns to attract investment in and outside Vietnam industrial parks overview. the People’s Committee of Dong Nai province organized the awarding of investment certificates to 14 investment projects in the province’s industrial parks with a total investment capital of nearly 738 million USD; of which 7 projects have foreign investment capital with a capital of nearly 243 million USD.
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