Ho Chi Minh City Raises Investment Ceiling to $100 Million per Hectare for High-Tech Park Data Centers
Ho Chi Minh City has revised its investment strategy for the High-Tech Park, setting an investment ceiling of $100 million per hectare for data centers and prioritizing projects in R&D, high-tech manufacturing, and services. Notable developments include a biotechnology innovation center and a multifunctional science and technology service center, with significant tax incentives aimed at attracting strategic investors in semiconductors, biotechnology, and digital technology.
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Ho Chi Minh City has updated its investment attraction list for the High-Tech Park for the 2025-2030 period, categorizing projects into R&D, high-tech manufacturing, and high-tech services. Priority is given to projects with investment above $11.5 million per hectare for R&D, with specific sites designated for biotechnology and electronics.
A notable R&D project includes a 9,000 m² site for a biotechnology innovation center. The manufacturing segment includes a 25,000 m² site for semiconductor components, requiring investments over $20.45 million per hectare.
The high-tech service group features a nearly 80,000 m² multifunctional science and technology service center. Additionally, a 50,000 m² data center project aims for Tier 3+ standards, prioritizing investments above $100 million per hectare. The city offers significant tax incentives for these projects and anticipates attracting strategic investors in semiconductors, biotechnology, and digital technology.
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