HCMC okays projects totalling $1.23 bln at flagship hi-tech park
Ho Chi Minh City authorities have granted investment registration certificates for four high-tech projects worth a combined $1.23 billion at the city's flagship innovation hub, reinforcing its position as a leading destination for digital and green economy investments.
The projects, to be located in the Saigon Hi-Tech Park, span sectors including hyperscale data centers, biomedical technology, and smart electronics manufacturing.
Among the largest is a 52MW data center project valued at $508.7 million, developed by a consortium of Singapore-based investors including Hathor, Frontier, and Evolution.
Another major development is the Starmason hyperscale data center complex, with investment of $480.2 million and planned capacity of 60 MW. The investor is Starmason, a joint venture between Singapore's Sembcorp Development and BB Holdings.
Additional projects include a $160 million high-tech medical center by local hospital chain Tam Anh and an $81 million smart electronics and lithium battery manufacturing facility by Techtronic Industries.
HCMC authorities grant investment registration certificates to businesses on April 25, 2026. Photo courtesy of Tuoi Tre (Youth) newspaper.
Speaking at the granting ceremony on Saturday, Nguyen Ky Phung, head of the Saigon Hi-Tech Park, said the committed $1.23 billion reflects growing confidence among global technology investors and HCMC's commitment to supporting high-value industries.
The investments form part of a broader surge in foreign capital into the southern economic hub, which attracted $2.9 billion in registered FDI capital in Q1, the highest nationwide. Notably, nearly half of that total flowed into digital and green economy projects within the high-tech park, HCMC Chairman Nguyen Van Duoc said.
City officials said the new projects will not only contribute to economic growth but also strengthen HCMC's role as a regional center for innovation, digital infrastructure, and sustainable industry.
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