Localities report breakthrough results in FDI in first nine months
Many localities surpassed FDI full year targets in just nine months thanks to administrative reforms and strong investment promotion
The first nine months of the year have seen many localities across the country achieve significant breakthroughs in foreign direct investment (FDI), surpassing initial targets. In Ho Chi Minh City, total registered capital reached an impressive $17.2 billion, marking a remarkable 4.2-fold increase compared to the same period last year.
This figure comprised over $9.35 billion in newly registered capital and more than $4.9 billion in additional capital for existing projects. Foreign investors also contributed more than $2.9 billion through capital contributions and share purchases, with a notable data center project in Tan Phu Trung Industrial Park receiving $2.1 billion in FDI. This project focuses on high-performance computing infrastructure for AI and big-data processing.
Meanwhile, Thai Nguyen province demonstrated exceptional growth, attracting nearly $8 billion from 24 newly registered and additional-capital projects, with an average capital of $333.2 million per project, the highest among all cities and provinces in Vietnam. Other localities such as Phu Tho, Bac Ninh, Quang Ninh, Thanh Hoa, Nghe An, and Danang also exceeded their 2026 FDI attraction goals within the first three quarters of the year.
According to Chu Van Khanh, director of the Investment Consulting and Promotion Centre under Thai Nguyen Department of Finance, breakthrough results come from intensified on-site and overseas investment promotion efforts. Provincial leaders have set up 24/7 hotlines to address pending issues and licensing procedures, resulting in many foreign investors receiving their investment certificates within 24 hours.
Thai Nguyen also reduced administrative procedures by 60%, surpassing the national average of 30%, and officials worked overtime to support investors.
Danang has implemented similar strategies, adopting a "One Stop, One Service" approach to streamline the process for investors. The city is also developing an AI-integrated database to connect foreign and domestic investors and is working on logistics infrastructure and training programs to meet stricter investor requirements.
Localities are continuing to promote new projects, accelerate follow-up procedures, and focus on resolving obstacles for licensed projects. Quang Ninh city has identified several tasks for the remainder of the year, including accelerating revenue collection, land clearance, handling slow-moving projects, and disbursing capital sources.
In the fourth quarter, the city will launch a high-intensity campaign titled "90 days and nights of intense effort" to complete key tasks and boost industrial production, trade, services, tourism, import-export, and logistics.
Written by urgent.news from Vietnam Investment Review's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
