FPT starts work on Hanoi digital tech park in push for Vietnam's 'Silicon Valley'

Vietnamese tech giant FPT Corporation on Friday broke ground on a large-scale digital technology park in Hanoi, underscoring the capital’s push to position itself as a regional hub for the digital economy and innovation.

The digital technology park and mixed-use project, located in Tay Tuu and Phu Dien wards, is designed around three main components, with the core being a concentrated digital technology park covering about 168.9 hectares.

Roughly 25% of the site will be dedicated to core functions, including research, development, and production of key digital technology products and services such as software, digital platforms, data services, artificial intelligence, big data, the Internet of Things, blockchain, and metaverse applications.

The project will also host training facilities, technology incubators and spaces linking universities, research institutes, and businesses.

The remaining area will be developed as an open park, featuring internal transport infrastructure, parking facilities, green spaces, and water features, aimed at creating a high-quality environment for working, research, and living.

Construction is scheduled to run from 2026 to 2031, with the first components expected to become operational in 2027. Once fully operational, the complex is projected to accommodate around 60,000 technology experts, engineers, and supporting workers.

Under the project model, the state will oversee planning, policy frameworks and supervision, while the investor will be responsible for financing, development and operation.

“In the new era, technology is not only a driver of growth or productivity, but the foundation for Vietnam’s autonomy, self-reliance and resilience,” FPT chairman Truong Gia Binh said at the groundbreaking ceremony.

He added that creating a suitable environment for learning, working, and innovation is essential for mastering technology, and that the project would help gradually realize Vietnam’s ambition of building its own “Silicon Valley”.