International industrial transfer has driven rapid construction land expansion in emerging metropolitan areas, posing challenges for sustainable land management. However, existing research has largely overlooked the spatiotemporal patterns and driving mechanisms of this expansion, particularly in Southeast Asian metropolitan regions. To address this gap, we focused on the Ho Chi Minh City metropolitan area, utilizing construction land data from GLC_FCS30D to analyze the dynamics of construction land expansion during this period. Findings indicated that: (1) Continuous expansion of construction land, with the expansion rate during 2010–2020 being five times that of 2000–2010; (2) The spatial pattern evolved from initial infilling development in urban cores to subsequent leapfrogging and edge expansion toward peripheral counties and transportation corridors; (3) The expansion of construction land occurred alongside substantial losses of wetland and cultivated land. Between 2000 and 2020, the conversion of cultivated land to construction land increased significantly, particularly during 2010–2020 when cultivated land conversion accounted for 93.76% of newly developed construction land. Wetland conversion also showed notable growth during this period, comprising 3.86% of total newly added construction land; (4) Foreign direct investment (FDI) served as the primary catalyst, while industrial park development and transport infrastructure projects functioned as secondary accelerants. This study constructed a framework to systematically analyze the global and local driving mechanisms of metropolitan land expansion. The findings deepen the understanding of land-use transitions in emerging countries and provide both theoretical support and policy references for sustainable land management.