Ho Chi Minh City businesses seek ways to join forces for double-digit growth
Ho Chi Minh City businesses are seeking stronger cooperation, improved productivity, diversified capital sources and new mechanisms to help achieve the city’s double-digit growth target and build a more dynamic business ecosystem.
On August 7, business leaders and policymakers gathered for a conference in Ho Chi Minh City to explore ways for Vietnamese companies to boost their competitiveness and gain access to global capital. The Ho Chi Minh City Investment and Trade Promotion Center (ITPC), in partnership with Tri Thuc Viet Company Limited, organized a B2B Business Matching Conference focused on industrial expansion and international market access.
Deputy Director of ITPC, Cao Thi Phi Van, reported that Ho Chi Minh City had attracted an impressive US$6.8 billion in foreign direct investment (FDI) during the first seven months of 2026. This represented a significant 114.2 percent increase compared to the same period in 2025. She highlighted that the operation of the Vietnam International Financial Center (VIFC-HCMC) in the city was expected to enhance Ho Chi Minh City's capacity to harness international capital for various purposes such as infrastructure development, the green economy, and innovation.
Ma Thanh Loan, Chief Executive Officer of Auxesia Holdings, pointed out that private equity funds usually invest between US$5 million and US$100 million over a period of three to seven years. This support is crucial for companies as they expand, engage in mergers and acquisitions, or prepare for initial public offerings (IPOs). However, she identified insufficiency in financial transparency, overvaluation of businesses, and the lack of a credible investment strategy as the primary challenges businesses face when seeking capital.
From a policy standpoint, Nguyen Thi Ngoc Quynh, a member of the executive board of GOE Alliance, emphasized that Vietnam was actively working on improving its legal framework for capital markets, promoting the adoption of International Financial Reporting Standards (IFRS), expanding investment funds, and enhancing market transparency. These reforms aimed to fortify Vietnam's position and make it easier for businesses to access cross-border capital effectively.
Written by urgent.news from SGGP English Edition Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- Ho Chi Minh City businesses seek more skilled workers en.sggp.org.vn
