HCMC – The government of HCMC has presented investment registration certificates to four strategic high-tech projects with total registered capital of US$508.78 million.
The certificates were awarded on April 25 at the headquarters of the HCMC People’s Committee to the projects in hyperscale data centers, biomedical technology, and smart electronic devices.
One of the four major projects is the Evolution DC VN HCM data center, developed by a consortium of three Singaporean investors—Hathor, Frontier and Evolution. The project is a hyperscale wholesale, carrier-neutral data center with a designed capacity of 52 MW IT load.
The facility is targeted to meet Uptime Tier III+ standards and be upgraded to Tier IV. It is expected to provide large-scale data storage, big data processing and exabyte-scale cloud computing services. The project has also committed to using at least 30% renewable energy and aims to achieve net-zero emissions by 2045.
The second project is the STARMASON hyperscale data center complex, invested by Starmason JSC, with total capital of US$480.26 million.
The project will have a designed capacity of 60 MW IT load, meeting Uptime Tier III+ standards with plans for Tier IV certification. It is intended to strengthen large-scale digital infrastructure, attract ICT service providers, enhance data-processing capacity, improve cybersecurity, and meet cloud computing demand across the wider region.
In the biomedical sector, the Tam Anh High-Tech Center, invested by Tam Anh HCMC General Hospital JSC, also received an investment certificate. The project has total capital of US$160 million and focuses on biomedical technologies.
It will apply core technologies such as next-generation sequencing (NGS), regenerative medicine using stem cells, and clinical trials in line with international ICH GCP standards.
The center aims to advance clinical research and high-tech medical products, improve healthcare quality, and build an innovation ecosystem in the healthcare and pharmaceutical sectors. It is also expected to train around 5,000 specialists and trainees annually.
The fourth project is the Techtronic Tools Vietnam (TTI) plant, invested by Techtronic Industries with capital of US$81 million, operating in smart electronic devices and IoT-integrated lithium batteries.
The project will manufacture mechatronic equipment, high-performance batteries, circuit boards and precision molds, while establishing an R&D center at Saigon Hi-Tech Park. It is expected to expand the global electronics supply chain, promote smart manufacturing, increase export value, and support the “Make in Vietnam” ecosystem.
According to city officials, the newly licensed projects will not only contribute directly to GRDP growth but also reinforce HCMC’s position as a leading regional hub for innovation, digital infrastructure, and green and digital industries.
To date, the Saigon Hi-Tech Park (SHTP) is home to 166 valid projects with total registered capital of around US$13.43 billion, creating jobs for more than 53,678 highly skilled workers. Cumulative output of high-tech products is estimated at more than US$203.35 billion, with exports reaching US$185.207 billion. This provides a solid foundation for HCMC to pursue double-digit economic growth under Politburo Resolution 57/2024.
Nguyen Van Duoc, chairman of the HCMC People’s Committee, said the city remained the nation’s top destination for foreign direct investment in the first quarter of this year, attracting US$2.9 billion. Of the total, US$1.23 billion was invested in the digital and green economy sectors in the former HCMC area.
