Ho Chi Minh City has approved a plan to develop 17 new concentrated digital technology parks covering a combined area of 750–1,000 hectares, with the aim of attracting major semiconductor and artificial intelligence (AI) companies and generating more than $10 billion in annual revenue.
The project is also expected to contribute 30–40% of the city’s gross regional domestic product (GRDP) by 2030.
A key focus of the plan is to maximise land-use efficiency. Unlike traditional industrial parks, the new digital technology parks will prioritise research and development (R&D), chip design, AI, the Internet of Things (IoT), big data and cloud computing.
According to the city’s estimates, average annual revenue is expected to reach about $16 million per hectare. With a planned land area of 750–1,000 hectares, the parks could generate between $12 billion and $16 billion in revenue each year.
The city will prioritise developing the digital technology parks in the northern area, which is being positioned as the digital technology core of a science and technology-oriented urban area.
During 2027–2028, the focus will be on completing technical infrastructure and establishing clusters combining R&D, pilot production and technology services.
By 2030, the network of 17 digital technology parks is expected to be largely established and operating stably, creating favourable conditions for the city to attract major global technology corporations and strengthen its position as a regional technology hub.
Google translate