HANOI, March 2 (Xinhua) -- Vietnam's southern hub Ho Chi Minh City has set a target of attracting 11 billion U.S. dollars in foreign direct investment (FDI) in 2026, the Vietnam News Agency reported Monday.
The target marks a significant increase from the 8.37 billion U.S. dollars of FDI recorded in 2025, according to the report.
The city aims to attract selective FDI, focusing on high technology, digital transformation, logistics and financial-commercial services -- sectors with high added value, technological spillovers and global supply chain connectivity.
To achieve the goal, the municipal authorities will eliminate or simplify all unnecessary or overlapping investment and business conditions, while cutting administrative processing time and compliance costs by half, the state-owned media said.
In the first two months of this year, the city attracted nearly 979.6 million U.S. dollars in FDI, up 28.4 percent year on year, including newly licensed projects, capital adjustments and share purchases. ■