The Government of Ho Chi Minh City has intensified efforts to attract investment into digital technology infrastructure, with a strong focus on hyperscale data centres and AI-driven facilities to support the development of an international financial centre. An investment promotion conference was held on February 8 at the Ho Chi Minh City Innovation Hub (SIHUB), bringing together city leaders, government agencies and domestic and international investors.
The city administration outlined plans to prioritise digital infrastructure as a strategic pillar during the 2026–2030 period. According to the Department of Science and Technology, Ho Chi Minh City aims to develop large-scale data centres, expand AI computing capacity and strengthen digital platforms to improve urban governance and financial services, with the longer-term objective of positioning the city among the world’s top 50 smart cities.
Key initiatives include the development of mega-scale AI data centre projects, construction of a northern science and technology urban zone, and further expansion of the Saigon Hi-Tech Park. City officials emphasised that Ho Chi Minh City intends to position itself as a trusted destination for internationally benchmarked digital infrastructure, while deepening cooperation with global technology players and investors.
Notably, G42 Group and a consortium of Vietnamese investors concluded a long-term framework agreement to develop large-scale data centre infrastructure in Vietnam, with total planned investment estimated at around USD2 billion. The Vietnam International Financial Center in Ho Chi Minh City (VIFC-HCMC) also reaffirmed its focus on advanced digital systems to support cross-border capital flows and global financial connectivity.