Ho Chi Minh City seeks approval to expand high-tech park by 200 hectares

Production value at the Saigon Hi-Tech Park (SHTP) is estimated at about US$23 billion in 2025, up 14.6 percent from a year earlier, the park's management board said at a year-end meeting with businesses.

Exports from companies operating in the park are expected to reach between $20 billion and $20.5 billion this year, accounting for nearly half of Ho Chi Minh City's total export value, according to the board.

Nguyen Ky Phung, head of the SHTP management board, said the Ministry of Science and Technology has completed its appraisal of a plan to expand the park's science and technology zone by around 200 hectares and has submitted it to the prime minister for approval.

The expansion would provide additional space to attract core technology projects, research and development centers and large-scale innovation initiatives, he said.

At the meeting, park officials said businesses have raised concerns over land-use procedures, infrastructure capacity and administrative processing, including issues related to power supply, water, wastewater treatment and traffic.

Kenneth Tse, vice president and general director of Intel Products Vietnam, said transport safety and infrastructure upgrades were critical to supporting future investment and attracting large foreign companies.

SHTP officials said infrastructure planning is being revised to reflect higher actual demand and that updated zoning plans are expected to be approved in the first quarter of 2026.

Established in October 2002, Saigon Hi-Tech Park covers about 913 hectares in Ho Chi Minh City and is one of Vietnam's key national high-technology zones.