Ho Chi Minh City attracted nearly $2.9 billion in foreign direct investment (FDI) in the first quarter of 2026, marking a surge of more than 200% year-on-year, according to the municipal Department of Finance.
The comparison is based on combined FDI inflows recorded in the first quarter of 2025 across the former jurisdictions of Ho Chi Minh City, Ba Ria–Vung Tau and Binh Duong, according to the Vietnam News Agency.
Beyond FDI, the city recorded strong domestic economic performance in the first three months of the year.
The number of newly established businesses rose 47%, while total retail sales and consumer service revenue exceeded VND476 trillion ($19.4 billion), up 13.7% year-on-year. Tourism revenue reached around VND150 trillion, extending its robust recovery.
Exports were estimated at over $22 billion in the first quarter, up 1.12% from a year earlier, while imports increased 4.2%, adding pressure on input costs amid signs of supply chain disruptions.
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