Investment attraction at the city's export processing zones (EPZs), industrial parks (IPs) and Saigon Hi-Tech Park (SHTP) continued to see a number of large-scale projects in the first nine months of the year. New investment is increasingly flowing into areas linked to digital infrastructure, data centers, AI and high-tech manufacturing.

Total domestic and foreign investment attracted to the EPZs and IPs reached about $5.7 billion in the nine-month period, equivalent to 131.15% of the full-year target and up 29.13% from the same period in 2025. FDI alone reached $4.27 billion, up 62.22% year-on-year.

The Ho Chi Minh City Export and Industrial Zones Authority (HEPZA) has licensed 100 new projects with total registered capital of $3.14 billion, while 120 existing projects registered capital increases totalling $1.13 billion.

One of the most notable projects is a $2.1 billion FDI data center project at Tan Phu Trung Industrial Park, aimed at developing high-performance computing infrastructure for AI and big-data processing.

HEPZA said the project could generate demand for digital infrastructure, energy, telecommunications, technology services and highly skilled workers. It also reflects a broader trend of investment becoming increasingly linked to infrastructure supporting the digital economy.

Meanwhile, the Vinh Lap Industrial Park Phase 1 project was approved by the HCMC People's Committee, including approval of the investor, with an area of 497.19 hectares and registered capital of $379.69 million.

The project is planned as a multi-sector industrial park, with a focus on attracting high-tech industries and the potential to develop into a green, circular industrial park. It is also included in HCMC's list of projects targeted for investment attraction during 2026-2030.

Hi-tech park draws investment into new links of technology ecosystem

At SHTP, the management board issued new investment registration certificates for four projects with total registered capital of $1.23 billion in the first nine months, reaching 87.9% of its full-year target for new investment.

Two of the projects were FDI projects with combined capital of $589.785 million. Five others registered capital increases totalling $57.52 million.

The largest was the Evolution hyperscale wholesale data center, with registered capital of $508.785 million. It was the largest FDI project licensed at SHTP during the first nine months.

Another project, Techtronic Tools Vietnam's factory, has registered capital of $81 million and will focus on manufacturing smart electronic equipment.

SHTP said one project would strengthen infrastructure capacity for digital activities, while the other would expand high-tech manufacturing and create demand for links with local suppliers.

Also licensed this year was the Starmason hyperscale data center complex, backed by a domestic investor, with registered capital of about $480.262 million. Meanwhile, Tam Anh High-Tech Center has registered capital of $160 million, adding a new direction in high-tech services related to biomedical sciences.

SHTP said the projects, once implemented and brought into operation as scheduled, could generate additional demand for technology services, highly skilled workers and business linkages, helping develop the science, technology and digital transformation ecosystem. Their specific contribution to economic growth, however, will need to be assessed based on actual operating results.

Moving towards a technology ecosystem

Investment at SHTP is also continuing to expand beyond new projects. As of the end of September, the hi-tech park had 165 valid projects with total registered capital equivalent to over $13.86 billion. FDI projects accounted for 57 of them, with combined registered capital of more than $11 billion, or about 79.4% of the total.

Investors including Intel, Samsung, TTI, Nipro, Jabil and Nidec have a presence at the park, providing a foundation for SHTP to attract further high-tech projects, strengthen supply-chain linkages and expand opportunities for domestic companies to participate.

In the third quarter, SHTP met with 32 delegations from domestic and foreign businesses, international organizations and industry associations to introduce its investment environment, assess investor needs and explore cooperation opportunities in strategic technology fields.

SHTP said it was also reviewing its land bank and infrastructure conditions and finalizing a list of new projects for investment attraction. A key focus is attracting investors to participate in HCMC's Strategic Technology Development Center, with priority areas including AI, data centers, semiconductor chips and digital technologies.

With its nine-month results, SHTP needs about $170 million more to reach its target of $1.4 billion in newly registered investment capital for 2026. Average registered capital per project stood at about $307.5 million, above the target of $25 million per project. The goal of attracting at least one project with capital of more than $500 million has also been met with the Evolution project.

At the EPZs and IPs, HEPZA said nine-month investment attraction had already exceeded the full-year target. In the fourth quarter, the authority will focus on supporting approved projects and resolving bottlenecks to accelerate their implementation, while approaching strategic investors.

Future investment attraction will focus on high technology, core technologies, research and development, innovation and projects capable of creating supply-chain linkages with domestic businesses, HEPZA said.

The scale of investment is not the only notable feature of FDI flows into HCMC's industrial and hi-tech parks. Projects linked to data, AI, digital infrastructure and high technology are becoming increasingly prominent, reflecting areas that park authorities have identified as priorities for future investment attraction.