Ho Chi Minh City's expansion highlights challenge of state reform

Foreign investment grows but megacity struggles to clear land for projects

20250917 HCMC photo by Yuki Kohara

In the first eight months of 2025, Ho Chi Minh City attracted $6.8 billion in foreign investment, up 58%, year on year, compared with 27% growth for Vietnam as a whole. (Photo by Yuki Kohara)

LIEN HOANG

HO CHI MINH CITY -- In July, Ho Chi Minh City swallowed up two provinces as it moves to become a megacity and a testing ground for Vietnam's seismic effort to reshape the entire government.

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