Tag: HCM City innovation

The establishment of the Steering Committee is regarded as a strategic move as the southern city accelerates its digital transformation.

Following integration with neighboring regions, HCM City has evolved into a quintessential service economy. The service sector now accounts for a substantial 60-65% of the city's Gross Regional Domestic Product (GRDP).

Through a "regulatory sandbox" mechanism, the city aims to create a safe innovation space where breakthrough technologies can be nurtured into new drivers of economic growth.

The project aims to develop a hybrid model, combining physical and online platforms, to serve as a key intermediary connecting technology supply and demand, while promoting commerce and innovation.

The initiative is expected to become an annual activity connecting C4IR centers worldwide, fostering long-term public-private partnerships, and generating practical projects for the city.

The Task Force is mandated to comprehensively evaluate the capacity and experience of foreign investora to ensure that transferred technologies are suitable and capable of integrating with other domestic data centers, particularly the National Data Center.

The southern city’s Innovation Hub model ensures interconnected, self-operating synergy, similar to international innovation clusters such as Silicon Valley (USA) or One North (Singapore).