Ho Chi Minh City is becoming an appealing spot for French investors, especially in areas like infrastructure, sustainable urban growth, and the move towards green transition.
French investments exceeding 2.2 billion USD are helping to boost economic growth and create wider opportunities for long-term collaboration.
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In 2025, the trade between Ho Chi Minh City and France surpassed 723 million USD. Presently, France has 433 ventures in the city.
The French business community significantly contributes to innovation, premium services, and sustainable development.
At the "Build to Last" 2026 conference, Nguyen Loc Ha, the Standing Vice Chairman of the municipal People’s Committee, emphasized the city's approach to development that is both integrated and involves multiple sectors.
The main focuses are on creating robust urban development and advancing towards a green transition, aiming for 100 percent clean-energy public transportation by 2030, along with significant improvements in transport and logistics infrastructure.
Olivier Brochet, the French Ambassador to Vietnam, observed that the relationship between the two nations has strengthened considerably after they elevated their ties to a Comprehensive Strategic Partnership in October 2024. This enhancement is particularly evident in the collaboration between Ho Chi Minh City and its French counterparts.
French companies are engaged in the fields of healthcare, energy, and urban solutions. Among their projects is a vaccine manufacturing facility established under a Memorandum of Understanding between VNVC Vaccination Centre and French company Sanofi. Additionally, firms like Bureau Veritas and Schneider Electric are providing technologies aimed at enhancing climate resilience and developing intelligent energy systems.
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City authorities reiterated their dedication to enhancing collaboration with France in the areas of infrastructure, green finance, digital transformation, and education, with particular emphasis on metro systems, clean energy, and smart city development. In the healthcare field, both parties are carrying out a project to construct a facility for vaccines and biological products, according to an agreement between Vietnam's VNVC Vaccine Centre and France's Sanofi. Evaluating the investment landscape, Ambassador Olivier Brochet observed that Ho Chi Minh City is a key destination for French enterprises and a very promising market.
In the near future, France will keep collaborating with the business sector to seek additional partnership possibilities, focusing especially on infrastructure, green finance, the development of carbon credit markets, and railway transport initiatives, with a special emphasis on metro systems. Ambassador Olivier Brochet highlighted that the shift towards sustainable urban development needs the involvement of various stakeholders, such as government bodies, businesses, investors, and global organizations.
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France is currently aiding Vietnam with a variety of programs focused on green finance, climate adaptation, and the modernization of energy infrastructure. In effect, numerous French companies have actively put forward initiatives and technological solutions aimed at promoting sustainable urban development.
The city is emphasizing the attraction of investments in major initiatives like urban rail systems (metro systems), an international financial hub, smart city development, and sustainable energy, he mentioned. Additionally, it places a high priority on partnerships for training highly-skilled human resources and improving resilience to climate change.