Ho Chi Minh City to establish 17 digital technology parks

Ho Chi Minh City is moving forward with an ambitious strategy to establish 17 new digital technology parks as part of broader efforts to shift its economic growth model toward science, technology and innovation. The approved development plan encompasses a total area of between 750 and 1,000 hectares across the city.

As the southeastern region's economic nucleus, Ho Chi Minh City is well-positioned to spearhead this transition. The concentrated technology parks are expected to serve as focal points for attracting high-value enterprises and fostering innovation-driven business ecosystems across multiple sectors.

The initiative reflects Vietnam's broader push to upgrade its foreign direct investment portfolio and move away from labor-intensive manufacturing toward knowledge-based industries. By clustering digital technology enterprises, Ho Chi Minh City aims to create synergies that enhance competitiveness and attract quality investment aligned with technological advancement.

The development of these parks comes as Ho Chi Minh City continues to strengthen its infrastructure and business environment to support emerging sectors. Officials view the initiative as critical to maintaining the city's economic momentum in an increasingly competitive regional landscape focused on digital transformation.

Photo: Saigon Hi-Tech Park in Ho Chi Minh City seen from the air, October 2010. Nic saigon via Wikimedia Commons (CC BY-SA 3.0).