VIFC-HCMC announces its first 10 members
VIFC-HCMC has introduced its first 10 members with US$33.63 million in registered capital. The holding companies target mobilizing US$2.7 biillion by 2027 to drive key investments in infrastructure, energy, education, and fintech in Ho Chi Minh City. Prime Minister urges WEF to strengthen investment links with Vietnam 12 investment projects worth about US$13 billion to be unveiled at AEF 2026…
The Vietnam Investment Fund for Ho Chi Minh City (VIFC-HCMC) has unveiled its inaugural 10 members, boasting a registered capital of US$33.63 million. This entity aims to mobilize an impressive US$2.7 billion by 2027 to fund significant projects in infrastructure, energy, education, and fintech sectors within the bustling metropolis.
Prime Minister's office has called upon the World Economic Forum to fortify investment ties between Vietnam and the rest of the world. A total of 12 investment projects, estimated to reach US$13 billion, are slated to be revealed at the AEF 2026 (ASEAN Economic Forum) in Ho Chi Minh City.
ASEAN nations are encouraged to foster cross-border industrial clusters for enhanced economic cooperation. The GRECO 2026 initiative is set to bridge technology sectors while promoting sustainable growth. HCMC's strategic plan focuses on establishing a synchronized infrastructure ecosystem to lure high-tech foreign direct investments (FDI).
Local business tycoons have urged the city to ensure a steady power supply and expedite investor approval processes. The Ho Chi Minh City government is keen on attracting new-generation capital to elevate its standing in global value chains. Moreover, the city's chairman has emphasized the imperative of absolute security for the AEF 2026 event.
Furthermore, HCMC is expanding its space to accommodate next-generation industries. In a bid to boost its technological prowess, the city is proposing collaborations with India in the realms of artificial intelligence (AI), semiconductors, and nurturing high-tech talent.
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