Ho Chi Minh City consults investors on 53-hectare strategic tech hub

Ho Chi Minh City is actively seeking investor input for a new 53-hectare strategic technology center, envisioned as a hub for artificial intelligence, semiconductors, and big data. The city hosted a consultation conference on August 26 to discuss the development of this center within the Saigon High-Tech Park.

This initiative is poised to become a driving force for technological advancement in Ho Chi Minh City and the broader Southeast economic region. The city has set an ambitious goal of at least 10% GRDP growth annually, with the digital economy expected to contribute approximately 40% to this growth. The strategic technology center is a concrete step towards realizing these objectives, focusing on science, technology, innovation, and digital transformation.

City leaders are not just looking for tenants but for partners to co-create future projects. The center will feature distinct zones: a 24.4-hectare area for large-scale data centers, cloud computing, and AI; a 16-hectare production zone for smart factories and semiconductor assembly, aiming for $650 million to $1.3 billion in investment; and a 7.8-hectare R&D and incubation zone, targeting $250 million to $350 million in investment.

The Saigon High-Tech Park, which has attracted 166 active projects with a total investment of approximately $13.5 billion over its 23-year history, provides a strong foundation. It has already attracted major corporations like Intel and Samsung, demonstrating its potential to foster a robust tech ecosystem. The new center will boast integrated infrastructure, including an independent power supply and advanced connectivity, designed to meet the demands of the AI era and adhere to green, energy-efficient standards.

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Ho Chi Minh City is not just inviting investors to rent a space, but inviting partners to consult and co-create future projects.