High-tech capital is pouring into Ho Chi Minh City.

Many large domestic and foreign corporations are proposing high-tech projects in Ho Chi Minh City.

A series of technology "giants"

In early December 2024, the Vietnamese Government signed a cooperation agreement with NVIDIA Corporation (USA) to establish two research centers on artificial intelligence (AI) and AI data in Vietnam. Ho Chi Minh City is one of the locations that NVIDIA is targeting, with two survey delegations from the Corporation coming to the City since the beginning of the year to consider establishing a Research, Development and Training Center on AI and installing a "super" computer system here.

According to the Management Board of Ho Chi Minh City Hi-Tech Park, in 2024, 7 projects were started here, including 3 foreign-invested projects with an investment capital of 696 million USD and 4 domestic projects with an investment capital of 4,077 billion VND. The newly started projects all have high technology content, using high-quality human resources such as the Nipro Vietnam Factory Expansion Project; HCMC1 Data Center.

The project that is currently receiving the most attention in Ho Chi Minh City is the Data Center at Lot T4-3 with an area of ​​3 hectares in the High-Tech Park. Up to now, there are 7 investors wanting to invest in this project, including 6 foreign investors with famous names such as Eaton (USA); Evolution under the Warburg Pincus Investment Fund (USA); Hyosung (Korea); NTT Data (Japan) ...

Mr. Michael Fernandez, Business Development Director of AMD Corporation, expressed his desire to cooperate with the Ho Chi Minh City High-Tech Park and the software center to digitally transform and apply new technology in many fields. This enterprise also wants to invest in bringing AI technology to educational institutions in Ho Chi Minh City.

In addition to the High-Tech Park, in a number of other industrial parks in Ho Chi Minh City, a number of large domestic investors have also continuously proposed high-tech projects. In October 2024, Saigon Telecommunication Technology Joint Stock Company (Saigontel) proposed to invest in the construction of a Data Center Project in Tan Phu Trung Industrial Park (Cu Chi District, Ho Chi Minh City).

Also in Tan Phu Trung Industrial Park, the Military Industry and Telecommunications Group ( Viettel ) is building a Data Center with a capacity of about 6,500 racks (computer cabinets), with a total investment of VND 14,700 billion. Phase I is expected to officially come into operation from the fourth quarter of 2025 and phase II from the first quarter of 2028.

Regarding the production project, Smart Tech Group Vietnam - a subsidiary of Smart Tech Group (USA) recently proposed to the Ho Chi Minh City People's Committee to invest in a battery factory to store electricity in Hiep Phuoc Industrial Park. Accordingly, the enterprise will invest in the project of a battery factory to store electricity with a maximum capacity of 5GWh (divided into many phases) on an area of ​​15 hectares, with a total investment capital of 550 - 850 million USD.

High-tech investment will flourish

In the past 2 years, Ho Chi Minh City has changed its investment attraction strategy by proactively selecting high-tech industries such as semiconductor industry; automation, AI technology, etc., instead of attracting mass investment. With this change, the City has initially attracted a number of high-tech projects.

Ms. Tran Thi Ngoc Chung, Head of the Investment Planning Department, Ho Chi Minh City Hi-Tech Park Management Board, said that the total value of high-tech products produced in the Hi-Tech Park is expected to reach about 20 billion USD in 2024, an increase of 18%. Projects granted investment registration certificates this year are all high-tech projects, using high-quality human resources.

If in 2024, only 7 projects were started at the Ho Chi Minh City High-Tech Park, then in 2025, it is expected that 12 projects will start construction, with a total investment capital exceeding 1 billion USD. "The Management Board of the High-Tech Park is carrying out parallel investment and construction procedures, procedures for adjusting investment registration certificates, and adjusting implementation progress so that businesses can start projects soon," said Ms. Chung.

To meet the investment needs of businesses, Ho Chi Minh City is speeding up the implementation of the Pilot Project to convert 5 industrial parks including Tan Thuan, Binh Chieu, Tan Binh, Hiep Phuoc and Cat Lai towards attracting high-tech industries.

Mr. Le Quang Dam, General Director of Marvell Technology Vietnam, said that the investment of large US technology corporations in AI and AI data research centers shows great potential and opportunities in this field in Vietnam. Marvell also recognizes this potential and is preparing to establish more chip design centers in Ho Chi Minh City and several other localities.

Source: https://mic.gov.vn/dong-von-cong-nghe-cao-dang-do-ve-tphcm-19724123109151042.htm