Ho Chi Minh City's FDI attraction nears $2.9bn in Q1, including TikTok’s $125mn investment

The department added that the surge reflects sustained trust in the city’s investment climate and business environment amid ongoing global and regional uncertainties.

Among the 10 standout FDI projects in the quarter, the TikTok Shop Vietnam Co., Ltd. project, backed by Singapore-based TikTok Pte. Ltd., drew particular attention with its $125-million investment in the information and communications sector.

Another major newly-licensed project is the Techtronic Tools Vietnam factory, funded by Techtronic Industries Company Pte. Ltd. from Singapore, with registered capital of $81 million in manufacturing and processing.

In addition to new investments, investors of several existing projects significantly increased their capital.

MSD Animal Health Vietnam Co., Ltd., a Netherlands-based firm, added $80 million to its investment in scientific and technological services.

Meanwhile, SP Vietnam Ho Chi Minh City JSC, backed by Singapore investors, increased its capital by $67 million in the communications sector.

Singapore-based Momogi Group VN Co., Ltd. also expanded its investment by an additional $55.4 million in science and technology activities, further contributing to the city’s FDI growth.

A substantial portion of FDI inflows came through capital contributions and share acquisitions.

Indonesian investor Haryanto Sudarno Kusuma registered an investment of more than $1.7 billion into VLD Investment and Finance Corporation.

Other notable deals include Momogi Group VN contributing over $64.3 million to Bibica Capital Co., Ltd.; South Korea’s ZEIT Elevator Co., Ltd. investing more than $41.4 million in VGSI Elevator Co., Ltd.; and Singapore’s Kredivo Vietnam JSC injecting nearly $34.4 million into Timo Vietnam JSC.

Chinese investors Zhang Shuting and Yang Chao contributed over $20.2 million to Hongyi International Vietnam Co., Ltd.

For 2026, the southern metropolis aims to attract $11 billion in FDI, prioritizing high-tech, innovation, data centers, logistics, and green growth.

Authorities pledged to closely monitor major projects, resolve investor difficulties promptly, and strengthen investment promotion in strategic sectors.