Heineken to shift production from Singapore to Vietnam and Malaysia
Dutch brewer Heineken will shift its brewing production from Singapore to Vietnam and Malaysia as part of its strategy to build a more agile regional supply approach.
High-tech investment flows into HCM City
Major domestic and international corporations are proposing high-tech projects in Ho Chi Minh City, signaling a shift toward innovation-focused investment.
 |
| High-tech investment flows into HCM City (Photo: VNA) |
In early December, NVIDIA signed a cooperation agreement with the Vietnamese government to establish a AI research centre and an AI data center in Vietnam, with HCMC being a key location.
The Saigon High-Tech Park (SHTP) began construction on seven projects in 2024, including three foreign-invested worth 696 million USD and four domestic ones with a total capital of 4.077 trillion VND (more than 160 billion USD). These projects focus on advanced technology and skilled labour.
Key projects include a three-hectare data center, attracting many global firms like Eaton (the US), Warburg Pincus’s Evolution (the US), Hyosung (the Republic of Korea) and NTT Data (Japan). US-based AMD also wants collaboration in digital transformation and AI technology for education in the locality.
Outside the High-Tech Park, other industrial parks havve also caught attention. Saigontel has proposed a data center in the Tan Phu Trung Industrial Zone, while Viettel is building a 6,500-rack data centre with a total investment of 14.7 trillion VND. Its first phase is expected to become operational in Q4/2025 and second phase in Q1/2028.
Besides, Smart Tech Group Vietnam, a subsidiary of the US's Smart Tech Group, has proposed a 550–850 million USD million battery manufacturing plant in the Hiep Phuoc Industrial Zone.
High-tech investment to boom
The city has shifted its investment strategy, targeting high-tech sectors like semiconductors, automation, and AI.
According to Tran Thi Ngoc Chung from the SHTP Management Board, the value of high-tech products at the park approximated 20 billion USD this year, an 18% year-on-year increase, with all new projects boasting advanced technology and skilled workforce.
As many as 12 new projects are expected to kick off in 2025, with a total investment capital exceeding 1 billion USD, she said.
The city is also accelerating the transformation of five industrial zones, including Tan Thuan, Binh Chieu, Tan Binh, Hiep Phuoc, and Cat Lai, into high-tech ones.
According to Le Quang Dam, CEO of Marvell Technology Vietnam, investments in AI and data research centers by US tech giants highlight Vietnam's vast potential. Marvell plans to establish more chip design facilities in HCM City and other regions./.
Bài liên quan
Dành cho bạn
Đọc thêm
Lynas secures Vietnam metal processing deal with LS Eco Energy
Australian rare-earths miner Lynas has signed a framework agreement with LS Eco Energy to produce rare earth metals at a new facility in Vietnam.
Vietnam and EU seek to strengthen ties in transport infrastructure and urban development
Vietnam and the EU will enhance cooperation in transport infrastructure and sustainable urban development in the future, a meeting has heard.
Warburg Pincus eyes participation in Vietnam International Finance Centre
Global private equity firm Warburg Pincus is keen on participating in the Vietnam International Finance Centre, according to a conference held on March 23.
Novatek eyes expanded LNG cooperation in Vietnam
As Vietnam races to secure its energy future and meet the demands of its surging economy, a new partnership with a Russian energy giant is taking shape, signalling a deepening of the nations' long-standing ties.
EU to mobilise over $1 billion for major infrastructure projects in Vietnam
The European Union has launched a $46.4 million Sustainable Transport Development Fund to support large-scale infrastructure projects in Vietnam, with plans to mobilise additional financing from banks and private partners.
NIC partners with TU Berlin to boost Vietnam innovation ties
The National Innovation Centre has partnered with a leading technical university in Berlin to strengthen innovation and startup linkages between Vietnam and Germany.
ACB proposes $20 million non-life insurance subsidiary
Southern lender ACB has unveiled a formal proposal to establish a non-life insurance subsidiary as part of a strategic pivot to evolve into a comprehensive financial services provider by 2030.
