Vietnam is attracting a growing wave of high-tech foreign direct investment (FDI), with major new projects and expansion plans reinforcing the country's emergence as a regional hub for advanced technology industries.

Investment has increasingly flowed into strategic sectors such as data centers, artificial intelligence (AI), semiconductors, and research and development (R&D) — key pillars of the digital economy.

According to the Foreign Investment Agency under the Ministry of Finance, Vietnam attracted $24.81 billion in registered FDI during the first five months of 2026, up 34.9% from a year earlier. The manufacturing and processing sector remained the largest recipient, drawing $15.01 billion, accounting for more than 60% of total registered capital.

Ho Chi Minh City has emerged as a focal point of the trend. In April, authorities granted investment certificates to four high-tech projects in the Saigon Hi-Tech Park with combined capital exceeding $1.23 billion. The city has also attracted major AI infrastructure investment. In March, a consortium comprising Accelerated Infrastructure Capital (AIC), Kinh Bac City Development Holding Corporation (KBC) and international partners announced plans for a $2.1 billion AI data center project at Tan Phu Trung Industrial Park.

Elsewhere, South Korea’s POSCO Future M is investing $282 million in a plant in northern Thai Nguyen province to manufacture artificial graphite anode materials for lithium-ion batteries, with an annual capacity of 46,000 tons.

In northern Phu Tho province, Chinese technology giant BYD has increased investment in its Vietnam electronics manufacturing project by $479 million, bringing total capital to $890 million. The move underscores growing confidence among global technology companies in Vietnam’s role within the international electronics supply chain.