A key highlight is the long-term framework agreement recently signed between Abu Dhabi-based G42, a leading technology group from the United Arab Emirates, and a consortium of domestic partners.
The agreement sets out plans to develop large-scale data centre infrastructure in Việt Nam, with total projected investment estimated at up to US$2 billion.
Alongside investment from the UAE, city authorities have also disclosed progress on another $2 billion data centre project backed by a US investor.
This role has gained additional significance following the official launch of the Việt Nam International Financial Centre in HCM City (VIFC-HCMC) on February 11.
On its inaugural day, VIFC-HCMC drew strong interest from international investors. Among the highlights was a commitment by Vantage Point Asset Management, a major asset management firm operating in Singapore and Australia, to mobilise up to $10 billion over the next five years for investment through the centre.
Meanwhile, city authorities are advancing plans for the city’s Digital Assets Investment Fund, targeting a scale of roughly $1 billion.