As of April 25, the Ho Chi Minh City People’s Committee granted investment registration certificates to four strategic high-tech projects at Saigon Hi-Tech Park, with a combined capital exceeding US$1.23 billion.
The event was attended by Mr. Nguyen Van Duoc, Member of the Party Central Committee, Deputy Secretary of the Party Committee and Chairman of the People’s Committee of Ho Chi Minh City.
According to Mr. Nguyen Ky Phung, Head of the Saigon Hi-Tech Park Management Board, this marks a major milestone, ranking among the largest investment approvals at the park.
One of the key highlights is the licensing of two hyperscale data centers with nearly US$1 billion in combined investment.
The Evolution DC project, developed by a consortium of Singaporean investors, has registered capital of US$508.78 million and a designed capacity of 52MW. It meets Uptime Tier III+ standards and is oriented toward Tier IV, serving cloud computing, artificial intelligence, and big data processing. The project commits to using at least 30 percent renewable energy and aims for net-zero emissions by 2045.
Meanwhile, the Starmason hyperscale data center complex, with an investment of US$480.26 million and a capacity of 60MW, is expected to significantly enhance large-scale digital infrastructure, strengthen data security, and attract global ICT service providers.
In the biomedical sector, the High-Tech Center project by Tam Anh General Hospital, valued at US$160 million, will integrate next-generation gene sequencing technology, regenerative medicine using stem cells, and clinical trial systems meeting international ICH-GCP standards. The project aims to develop a biomedical research ecosystem, high-tech medical products, and train around 5,000 experts and trainees annually.
Another project, the Phase 2 expansion of the Techtronic Industries factory, with an investment of US$81 million, will focus on smart devices, IoT technologies, high-performance lithium batteries, and the development of an R&D center at the Saigon Hi-Tech Park.
Receiving the investment certificate, Darren Webb, CEO of Evolution Data Centers, expressed confidence that the Evolution DC project will not only enhance data infrastructure but also help build a foundation for Ho Chi Minh City’s digital growth in the coming phase.
Mr. Phuong Le Tri, CEO of Tam Anh Research Institute under Tam Anh General Hospital, emphasized that the project extends beyond a single investment, aiming to help build a modern biotech and biomedical ecosystem in the city, while fostering international collaboration and attracting research resources, particularly in vaccines, diagnostics and advanced treatments.
Speaking at the ceremony, Chairman of the Ho Chi Minh City People’s Committee Nguyen Van Duoc said that the latest investment results reflect the initial effectiveness of new investment reform mechanisms and align with the city’s strategy to restructure its growth model.
He stressed that granting investment certificates is only the beginning, and the priority now is to ensure rapid project implementation, transforming them into tangible infrastructure, products, and new growth drivers. The city pledged to accompany and support investors in overcoming challenges.
Currently, Saigon Hi-Tech Park hosts 166 valid projects with a total registered capital of about US$13.4 billion, generating jobs for more than 53,600 high-quality workers. The park’s cumulative production value has exceeded US$203 billion, including approximately US$185 billion in exports. City leaders view this as a strong foundation for accelerating economic restructuring, targeting double-digit growth, and reinforcing Ho Chi Minh City’s role as a leading regional hub for high technology and innovation.
As of the end of the first quarter of 2026, Ho Chi Minh City leads the country in attracting foreign direct investment (FDI), reaching US$2.9 billion, of which about US$1.2 billion has been directed toward the digital and green economy sectors.
