Over $1.2 billion in FDI has been poured into Ho Chi Minh City's High-Tech Park.
Ho Chi Minh City leaders have just awarded investment registration certificates to four high-tech projects worth over $1.23 billion, focusing on data centers, biomedical technology, and electronic devices.
Accordingly, the Investment Registration Certificates for four key strategic high-tech projects in the first quarter of the year at the Ho Chi Minh City High-Tech Park were awarded to investors by the leaders of the Ho Chi Minh City People's Committee on the morning of April 25th at the People's Committee headquarters.
According to the Management Board of the Ho Chi Minh City High-Tech Park, with a total investment attracted reaching a record high of over 1.23 billion USD in the first quarter alone, the awarding ceremony is a testament to Ho Chi Minh City's efforts to realize its double-digit economic growth target this year.
Mr. Nguyen Van Duoc, Chairman of the People's Committee of Ho Chi Minh City, presented investment registration certificates to high-tech projects at the Ho Chi Minh City High-Tech Park on the morning of April 25th. Photo: SHTP.
Regarding the data infrastructure sector, including the Evolution DC VN HCMC data center project, implemented by a consortium of three Singaporean investors – Hathor, Frontier, and Evolution – with a total investment of nearly 509 million USD.
The project invests in a hyperscale data center and a wholesale model, carrier-neutral digital infrastructure. The project aims to enhance data storage and processing capacity for cloud services; realize exabyte-scale storage infrastructure; promote digital transformation for domestic and regional businesses; and serve as the "infrastructure of infrastructures" for the digital economy and AI technology.
The remaining project is the Starsamon mega-data center complex, invested by Starsamon JSC, with a total capital of approximately US$480 million. Upon completion, the project will add large-scale digital infrastructure capacity; attract large-scale ICT service providers to the region; enhance data security and cloud services; and ensure big data processing and cloud computing capacity for the entire region.
In the biomedical and smart electronics sector, approximately US$241 million in investment capital was recorded.
Of this, Ho Chi Minh City granted an Investment Registration Certificate to Tam Anh General Hospital JSC for the Tam Anh High-Tech Center project, with a budget of approximately US$160 million.
The project aims to develop clinical research and high-tech medical products; improve specialized healthcare capabilities; create an innovation ecosystem in the advanced medical and pharmaceutical fields; and promote international research cooperation. Tam Anh High-Tech Center is expected to train 5,000 experts and trainees annually.
In addition, Ho Chi Minh City has approved the investment registration for Techtronic Industries Company Pte. Ltd (TTI Group) to implement the Techtronic Tools Vietnam factory project.
When operational, the factory aims to expand the global electronics supply chain; promote smart manufacturing and increase export value; establish an R&D testing center in the Ho Chi Minh City High-Tech Park; link with the local industrial ecosystem; and boost the "Make in Vietnam" supply chain.
These certified projects are assessed not only to directly contribute to GRDP growth, but also to firmly consolidate Ho Chi Minh City's role as a leading center for innovation, digital infrastructure, and green industry in the region.
To date, the Ho Chi Minh City High-Tech Park has attracted 166 active projects with a total investment of approximately US$13.428 billion, creating jobs for more than 53,678 highly skilled workers. The cumulative value of high-tech product manufacturing is estimated at over US$203 billion, with export value reaching approximately US$185 billion.
According to the Management Board of the Ho Chi Minh City High-Tech Park, this is a solid foundation for the city to continue pursuing double-digit economic growth targets as outlined in Resolution No. 57-NQ/TW dated December 22, 2024, of the Politburo.
Thao Lien
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