MARKET SNAPSHOTS WEEK 06/2025
Positive signals from FDI attraction.
Total foreign investment capital invested in Vietnam in the first month of 2025 reached 4.33 billion USD, up 48.6% over the same period last year. Of which, 282 projects were newly licensed with registered capital reaching 1.29 billion USD (down 6.6% in number of projects and down 43.6% in registered capital compared to the same period last year). Notably, capital contribution and share purchase activities of foreign investors were bustling. There were 260 capital contributions and share purchases by foreign investors with a total capital contribution value of 322.9 million USD, an increase of 70.4% over the same period last year, which are being encouraged by Vietnam to invest in areas such as science and technology, expertise, high-tech industries, etc. In the Southeast Asian region, Vietnam is a bright spot in economic growth, and this makes Vietnam a destination for FDI capital flows. This is an important opportunity for Vietnam to attract FDI, especially in the fields of high technology and the digital economy.
The province proposed to build a series of urban areas is looking for investors for a project worth more than VND 41,000 billion, covering 277 hectares.
The People's Committee of Bac Ninh province has just issued a decision to accept the investment policy of the new urban area project in the Northwest of Bac Ninh city (Area 1) in Hoa Long ward, Bac Ninh city. The new urban area project in the Northwest of Bac Ninh city (Area 1) has a land use scale of about 277 hectares. The total investment of the project is VND41,270 billion (equivalent to more than 1.6 billion USD), of which the project implementation cost is VND40,124 billion, the estimated compensation cost for site clearance is VND1,146 billion. The investment preparation and project implementation progress is 7 years from the date of selecting the investor, of which the investment preparation phase is 1 year, the project implementation phase is 6 years. In addition, Sun Group also proposed to invest in 2 new urban area projects, tourism, ecology, culture, resort, entertainment in Tien Du district and Tu Son city.
Granting an investment certificate for the largest industrial park project in Can Tho.
The project to invest in the construction and business of the infrastructure of Vinh Thanh Industrial Park—Phase 2 (Phu My 3 Can Tho IP) was approved in principle for investment and approved for investors on December 31, 2024, and it was granted an Investment Registration Certificate on January 16, 2025. The project is located in Vinh Trinh and Vinh Binh communes, Vinh Thanh district, Can Tho city, with an area of 540.58 hectares; the total investment capital of the project is 7,850 billion VND, equivalent to 308.218 million USD. The project's operation period is 50 years from the date of land lease by the state. The project implementation progress is no more than 72 months from the date of land handover by the state. In terms of nature and type of production, this is a specialized industrial park that attracts investment projects to implement industry clusters based on the potential and advantages of the region, forming an industrial park with a synchronous, modern, sustainable, and environmentally friendly technical infrastructure system.
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The first 'city within a city' announces planning and receives over 33 trillion VND in capital.
Thu Duc City—the first 'city within a city' model in Vietnam—announced its planning until 2040 and, at the same time, granted investment approval decisions to 12 projects with a total capital of over 33 trillion VND. According to the project approved by the Prime Minister on January 21, Thu Duc City is a class 1 urban area of Ho Chi Minh City, a traffic hub of the Southeast region in terms of roads, railways, maritime and inland waterways, and an eastern center for economics, science and technology, culture, education, and training. The approved master plan for Thu Duc City until 2040 plays a particularly important role and has significance for the development of the city; it is an important basis for orienting spatial development, organizing technical infrastructure, social infrastructure, land use planning, etc., to maximize potentials and strengths, realizing the goal by 2040 of developing Thu Duc City into a creative, highly interactive urban area; an area leading the economy of Ho Chi Minh City, the Ho Chi Minh City metropolitan area through knowledge-based economic activities; initially becoming a national financial center, towards the international region.
The cost of building a data center in Vietnam is among the lowest in Asia.
The cost of building a data center in Vietnam per megawatt is the lowest at 5.4 million USD, the highest at 8.4 million USD, and the average standard is more than 6.9 million USD (equivalent to more than 176 billion VND), up 3.5% over the same period last year. This cost is only higher than the average standard figure of 6.4 million USD per megawatt in Taiwan and much lower than neighboring countries such as mainland China (7.1 million USD), Thailand (7.6 million USD), Indonesia (8.7 million USD), and Malaysia (9 million USD)... The most expensive data center in Asia Pacific belongs to Japan, with a cost of more than 13.2 million USD per megawatt. Next are Singapore (11.7 million USD) and Australia (9.6 million USD). Thanks to competitive construction and land prices and a prime geographical location, Vietnam has great potential to become a major data market in the region. This is clearly demonstrated by the level of interest from international operators such as Apple, Intel, Canon, Samsung, LG, LEGO, and Airbus, who have begun to cooperate with partners in Vietnam to establish a digital transformation strategy.
Vietnam's first LNG-powered power plant connected to the national grid.
Nhon Trach 3 power plant has officially connected to the national grid for the first time during the testing phase, expected to be put into commercial operation in July 2025 after meeting technical requirements. On January 11, PV Power conducted the first furnace firing and completed the no-load test, marking an important milestone on the way to putting Vietnam's first LNG power plant into commercial operation. Nhon Trach 3 and 4 power plants are deployed by PV Power in Ong Keo Industrial Park, Dong Nai province. With a total investment of 1.4 billion USD, the two plants will have a total capacity of 1,500-1,600 MW. When fully operational, they will provide about nine billion kWh of electricity per year to the national grid. By the end of January 2025, the construction progress of Nhon Trach 3 and 4 Power Plants had reached nearly 96%. With the support of Dong Nai authorities and the Vietnam Oil and Gas Group, PV Power is striving to speed up the progress to put the plants into operation in 2025.