This article presents the current situation and orientation for attracting foreign investment into Ho Chi Minh City in the context of increasingly fierce global competition and shifting capital flows following the COVID-19 pandemic. Although the city maintains its leading position nationwide in terms of the number of projects and investment capital, there are still many limitations, such as the low quality of projects, limited technology spillover, and uneven development between central and outlying areas. The study emphasizes the importance of institutional improvement, infrastructure development, human resource quality enhancement, and professionalized investment promotion activities. Accordingly, it proposes strategic solutions to improve the effectiveness of foreign capital attraction, promote linkages between foreign-invested enterprises and domestic ones, aiming toward sustainable development and enhancing the city's competitiveness in the upcoming period.



