Ho Chi Minh City Targets High-Tech FDI in AI and Semiconductors
Ho Chi Minh City is shifting its FDI strategy to prioritize high-quality technology investments, emphasizing semiconductors and AI. This new approach is aimed at enhancing the city's high-tech ecosystem and fostering local innovation.
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Ho Chi Minh City is realigning its foreign direct investment (FDI) approach to attract high-impact technology projects, focusing on semiconductors and artificial intelligence (AI). The Saigon Hi-Tech Park (SHTP) currently hosts 166 projects with a total investment of approximately 13.728 billion USD, over 11 billion USD of which is FDI.
The city is developing a 194.84ha area under a 'Green-Clean-Digital' model aiming for carbon neutrality by 2050 and establishing a Strategic Technology Centre on a 52.92ha site. Investor screening will emphasize project quality, with specific investment density thresholds set for data centres and R&D.
Challenges include regulatory issues and a skills shortage. The city plans to reclaim land from inefficient projects to facilitate high-tech investments, aiming to develop Vietnamese technology enterprises capable of global supply chain participation.
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