HCMC calls for $12.4 billion of investment into Hoc Mon and Cu Chi

PSNews - The Ho Chi Minh Municipal People's Committee held a conference on investment promotion into Hoc Moc district and Cu Chi district on April 12. State President Nguyen Xuan Phuc attended the conference. 

The conference attracted the attention of over 550 domestic and foreign investors.

Spearking at the conference, President Phuc has urged the suburban districts of Cu Chi and Hoc Mon in Ho Chi Minh City (HCMC) to review all public investment projects, especially their feasibility, and improve the business climate to attract investment.

HCMC calls for $12.4 billion of investment into Hoc Mon and Cu Chi  -0
State President Nguyen Xuan Phuc attending the conference. 

He said Hoc Mon and Cu Chi would provide new growth for HCMC, underscoring that it was important to carefully select projects to call for investment that could optimise the potential and advantages of the two suburban districts. 

To reach this goal, State President Nguyen Xuan Phuc asked the two districts to improve state management in all fields, including the fight against corruption and wastefulness. They must also work to improve the business climate to solicit investment in developing new urban areas, industrial parks, tourist areas and commercial zones. 

In particular, he stated that the urbanisation of the two suburban districts must meet environmental and ecological criteria.

Hoc Mon and Cu Chi are calling for investment in 55 projects worth a total of VND285 trillion (US$12.46 billion) in infrastructure, industry, high-tech agriculture, trade-service, education-culture-sport and transport. 

As reported, Cu Chi has been urged by the city's People’s Council to develop a plan to become a city, under the jurisdiction of HCM City.

Cu Chi, which borders Hoc Mon District and the provinces of Binh Duong, Tay Ninh, Long An aims to become a logistics hub connecting key industrial zones. 

Some investors had already shown interest in developing five-star nursing home facilities that offer high-end medical and health care services in Cu Chi. 

According to Nguyen Van Nen, Secretary of the HCMC Party Committee, Cu Chi must speed up major projects like the Tay Bac (northwest) urban area and the Saigon Zoo and Botanical Garden.

HCMC authorities also announced a plan to speed up the urbanisation of Cu Chi, Hoc Mon, Binh Chanh, Nha Be and Can Gio in order to make them urban districts by 2030. 

By L.B

Other News

SBV raises short-term capital lending cap to 40%

SBV raises short-term capital lending cap to 40%

The new circular will help credit institutions have more room to provide capital to businesses and investment projects to support high economic growth in the next few years, while increasing flexibility in the SBV’s monetary policy management.

Business confidence in Vietnam rebounds strongly: UOB

Business confidence in Vietnam rebounds strongly: UOB

The study found that 85% of Vietnamese enterprises reported positive business sentiment, a sharp increase from 48% in 2025, when business confidence was weighed down by uncertainties surrounding US tariff policies and related trade developments.

Bac Ninh seeks high-quality foreign investment for sustainable growth

Bac Ninh seeks high-quality foreign investment for sustainable growth

According to Vice Chairman of the provincial People’s Committee Pham Van Thinh, the province aims to maintain stable and sustainable growth, improve the competitiveness of both the economy and local businesses, and make better use of free trade agreements (FTAs) to expand and diversify export markets.

Green building trend flourishes in Ho Chi Minh City's real estate landscape

Green building trend flourishes in Ho Chi Minh City's real estate landscape

The International Finance Corporation (IFC) highlighted the city's dominance in green-certified building floor space in Vietnam, reflecting the rapid expansion of the green building market with 780 completed green buildings encompassing over 18.69 million sq.m by 2025, predominantly certified by EDGE and LEED.

UK supports Vietnam in wind power and green finance development

UK supports Vietnam in wind power and green finance development

The United Kingdom officially announced two new climate cooperation initiatives to support Vietnam in its energy transition and green growth journey. These programs focus on offshore wind power development and the creation of a sustainable green financial ecosystem.

Ample room remains for Vietnam–India logistics cooperation

Ample room remains for Vietnam–India logistics cooperation

The GTTCI expert noted that alongside logistics and integrated warehousing, e-commerce is expected to be a particularly high-growth sector in the coming years. He described it as a multi-billion-dollar market with significant untapped opportunities for cooperation between Vietnam and India.

Exports gain momentum from high-tech growth drivers

Exports gain momentum from high-tech growth drivers

According to the Ministry of Industry and Trade, Vietnam’s exports reached 215.66 billion USD in the first five months of 2026, up 19.5% year-on-year. Twenty-six export items generated more than 1 billion USD in revenue each, including seven with turnover exceeding 10 billion USD.

Vietnam–China crossings see spike in ASEAN fresh produce

Vietnam–China crossings see spike in ASEAN fresh produce

Since the start of the summer harvest season, China's two major border gates with Vietnam, Youyi Guan in Pingxiang and Beilun 2 Bridge in Dongxing, have entered their peak period for handling imports of fresh agricultural and seafood products from member states of the Association of Southeast Asian Nations (ASEAN).

Cargo handling operations at Berths 3 and 4 of the Hai Phong International Gateway Port. (Photo: VNA)

AI reshapes logistics, raising bar for workforce skills

According to the Vietnam Logistics Business Association (VLA), the logistics sector will require around 2.2 million workers by 2030, including 1.6 million employees for logistics service providers and nearly 600,000 personnel supporting logistics operations in manufacturing and trading enterprises.

Robust dispute resolution framework key to Vietnam's IFC ambitions

Robust dispute resolution framework key to Vietnam's IFC ambitions

The development strategy for VIFC-HCMC envisions a comprehensive financial ecosystem encompassing green finance, carbon credits, financial technology (fintech), blockchain technology, digital assets, digital banking and other innovative business models. These highly internationalised sectors involve complex cross-border transactions and sophisticated legal structures.