An investment promotion convention on digital technology infrastructure and large-scale knowledge facilities to serve the International Financial Center in the town was held on the Ho Chi Minh City Innovation Hub (SIHUB) on February 8.
The occasion was organized by the Ho Chi Minh City Department of Science and Technology, in coordination with the Vietnam International Financial Center in Ho Chi Minh City (VIFC-HCMC).
The convention was attended by Chairman of the Ho Chi Minh City People’s Committee Nguyen Van Duoc and Mr. Nguyen Manh Cuong, Vice Chairman of the municipal People’s Committee.
Speaking on the occasion, Director of the Ho Chi Minh City Department of Science and Technology Lam Dinh Thang stated that through the 2026–2030 interval, the town plans to place digital infrastructure improvement as a strategic precedence. The focus might be on constructing hyperscale knowledge facilities, with the objective of putting Ho Chi Minh City among the many world’s prime 50 sensible cities whereas optimizing city operations.
To implement these coverage instructions, the town is prioritizing the event of strategic digital infrastructure via mega-scale synthetic intelligence knowledge middle initiatives, the development of a northern science and technology city space, and the enlargement of the Saigon Hi-Tech Park.
The metropolis is dedicated to positioning itself as a trusted and enticing vacation spot for large-scale, internationally benchmarked digital technology infrastructure initiatives. At the identical time, Ho Chi Minh City goals to additional deepen worldwide cooperation, welcoming world assets, data, and experience to collectively create new worth and improve the town’s standing on the worldwide stage, affirmed Lam Dinh Thang, Director of the Ho Chi Minh City Department of Science and Technology.
Meanwhile, the Vietnam International Financial Center in Ho Chi Minh City (VIFC-HCMC) will deal with investing in superior technological infrastructure to develop a “financial transit hub” for traders, serving not solely capital flows into Vietnam but additionally the worldwide market.
At the convention, a number of strategic cooperation agreements had been signed. Notably, G42 Group and a consortium of home traders signed a long-term framework settlement to develop large-scale knowledge middle infrastructure in Vietnam, with a complete estimated investment valued at roughly US$2 billion.
By Quang Huy – Translated by Kim Khanh