Foreign investors are accelerating significant investments in Vietnam’s industrial and technology infrastructure, signaling strong confidence in the country’s investment climate.
In late April, Vietnam’s Thanh Hoa province approved in principle a USD 115.8 million investment from Japan’s Sumitomo Corporation to develop the Thang Long Thanh Hoa Industrial Park (IP). Covering 167 hectares, Sumitomo plans to clear land by September and begin construction shortly after, aiming to launch operations within 36 months – its fourth such site in northern Vietnam following Hanoi, Vinh Phuc, and Hung Yen.
According to the General Statistics Office, foreign investment registered across Vietnam reached a 40% year-on-year increase so far. Disbursements totaled USD 6.74 billion, the highest in five years. Finance Minister Nguyen Van Thang credited this momentum to proactive trade diplomacy, including direct engagement with the U.S. government, which has helped maintain investor confidence despite global uncertainties
Global tech and energy players are also entering Vietnam’s expansion narrative. Qualcomm plans to establish its third-largest AI R&D center worldwide in Vietnam, following its acquisition of local AI firm MovianAI. Meanwhile, South Korea’s SK Group submitted proposals for a USD 2.35 billion LNG-fired power plant and storage facility in Ninh Thuan province, alongside interest in additional LNG projects in Nghe An and Thanh Hoa.
These developments reflect Vietnam’s rise as a prime destination for large-scale, future-focused foreign investment. With its stable policies, ongoing infrastructure upgrades, and strategic diplomacy, Vietnam is reinforcing its position at the heart of global supply chains, and setting the stage for more technology and energy-driven capital flows.
(Source: Vietnam Investment Review)
