The Party Committee of the Hanoi People's Committee has officially submitted a proposal to the City’s Party Executive Committee regarding the development of a massive Digital Technology and Mixed-Use Park.
According to the proposal, the project, located in the Phu Dien and Tay Tuu wards, will cover 196.8 ha with a total estimated investment of VND53.763 trillion ($2 billion).
The implementation timeline is set for 2026 to 2031. The year 2026 will focus on investment preparation and site clearance, with the goal of making the first components operational by 2027.
Proposed by the FPT Corporation, the project is designed with three core pillars with the central component being a concentrated digital technology, innovation, and digital transformation park spanning 168.9 ha. A core functional zone, occupying 25% of the construction area, will be dedicated to R&D and the production of high-tech services, including software, digital platforms, AI, Big Data, IoT, blockchain, and the metaverse. It will also include training facilities, tech incubators, and spaces connecting institutes, universities, and enterprises.
Initial estimates suggest the project will provide workspaces for 60,000 digital technology experts and support staff, while meeting the housing needs of at least 30,000 people.
City authorities and relevant departments have confirmed that the project aligns with the "Adjusted General Planning of the Capital to 2045, with a vision to 2065." It is also consistent with the 2025 Law on Digital Technology Industry.
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