HCMC's foreign investment approvals up 3.3%

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Japanese Consul General recalls The Saigon Times’ value since the 1990s

Japanese Consul General recalls The Saigon Times’ value since the 1990s

In the news June 25, 2026

“I first began reading The Saigon Times during my earlier posting at the Consulate-General of Japan in Ho Chi Minh City, from 1994 to 1998. Those were exciting times, with Vietnam opening up under the Doi Moi reforms and many Japanese companies were establishing their presence in southern Vietnam. As an officer responsible for economic affairs at the Consulate-General in those days, I found the up-to-date information The Saigon Times provided on Vietnam’s economy truly invaluable — and I am sure the Japanese business community here shared that sentiment.

HCMC - As of early December, HCMC’s total foreign investment approvals had reached US$3.54 billion, up 3.3% year-on-year.
The municipal authorities have so far this year approved 807 new foreign-invested projects with total pledged capital of US$477.7 million. Remarkably, there are 304 projects in wholesale and retail trade, automotive, and motorbike maintenance, among others, with a total registered investment of US$163.2 million. Foreign investors have also poured US$138.6 million into 173 projects in the field of information and communication, and another US$87.2 million into 207 projects in science, and technology. Among countries investing in the city, Singapore topped the list with 148 projects with total pledged capital amounting to US$159.1 million, followed by Japan with 82 projects and South Korea with 112 projects, worth US$80.1 million and US$54.9 million invested in the city, respectively.

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Japanese Consul General recalls The Saigon Times’ value since the 1990s

Japanese Consul General recalls The Saigon Times’ value since the 1990s

In the news June 25, 2026

“I first began reading The Saigon Times during my earlier posting at the Consulate-General of Japan in Ho Chi Minh City, from 1994 to 1998. Those were exciting times, with Vietnam opening up under the Doi Moi reforms and many Japanese companies were establishing their presence in southern Vietnam. As an officer responsible for economic affairs at the Consulate-General in those days, I found the up-to-date information The Saigon Times provided on Vietnam’s economy truly invaluable — and I am sure the Japanese business community here shared that sentiment.