HCM City (VNA) – The Silicon Saigon Park JSC held a ceremony to commence the construction of the "Saigon Silicon City" in the Saigon Hi-Tech Park (SHTP) on November 10.
The project follows the model of the US's Silicon Valley, home to many of the world's biggest high-tech corporations and technology start-up companies.
It has an investment capital of about 860 billion VND (40 million USD) poured by Overseas Vietnamese investors from the US’s Silicon Valley, and will be spread over 52 hectares.
The Saigon Silicon City is expected to lure around 1.5 billion USD in investments from 20 investors in high-tech area and support industry from 2015 to 2020.
According to Chairman of the Silicon Saigon Park Nguyen Minh Hieu, the project will become an international-standard smart urban area to attract overseas Vietnamese and foreign enterprises with investments in the high-tech area.
Vice President of the municipal People’s Committee Tat Thanh Cang pledged that authorities will be ready to remove difficulties that may arise for businesses in the Saigon Silicon City.-VNA
See more

Quang Ninh sets ambitious 14% growth target in 2025
The northern province of Quang Ninh has revised its 2025 growth target to an unprecedented 14%, surpassing the government-assigned goal by 2% and exceeding previous provincial forecasts.

Vietnamese businesses to join world's leading beverage trade fair in Germany
Through Drinktec, the Vietnamese beverage industry can update digital techniques and technologies as well as green and circular technology transformations, while strengthening connections with partners and expanding the markets.

Securities companies' growth potential driven by bonds and margin lending
Following a robust performance in 2024, the landscape appears ripe for further expansion despite the challenges posed by a competitive environment.

Coconut exports reach 14-year high
In 2024, fresh coconut and coconut product exports surpassed 1 billion USD, marking the highest figure in the past 14 years.

Vietnam advised to facilitate private investment in energy sector
Vietnam is aiming for double-digit economic growth, making energy expansion essential. To achieve this, the country should create a transparent and investor-friendly environment to attract the private sector.

Discussion underway for Vietnam’s first FTZ in Ba Ria-Vung Tau
The seaport-linked FTZ in the Cai Mep Ha vicinity is expected to boost the maritime economy to capitalise on the strategic location of Ba Ria-Vung Tau, attract foreign investment, and drive growth in the logistics, seaport, and international trade sectors.

HCM City plans substantial investment in infrastructure
HCM City will direct funding towards transport, energy, and telecommunications infrastructure, including national highways, regional connectivity roads, Tan Son Nhat International Airport, Can Gio international transhipment port, and the Lotte Eco Smart City.

New shipping route linking China, Vietnam, India launched
The container shipping route connecting the ports of Beibu Gulf (China), Hai Phong (Vietnam) and Kolkata (India) is destined to become a key strategic trade axis, contributing to the sustainable growth of both the regional and Vietnamese maritime industries.

Ca Mau wants more exports to, cooperation with Singapore
The southernmost province of Ca Mau wants to increase agricultural and fishery exports to Singapore and strengthen cooperation in several sectors, Deputy Secretary of its Party Committee, Nguyen Ho Hai has told Singaporean embassy officials.

HCM City looks to deepen ties with Japan
The city aims to deepen cooperation with Japan in key areas such as sustainable urban development, emissions reduction, climate change adaptation, innovation, digital transformation, supply chain resilience, supporting industries, healthcare, tourism, culture, workforce development, and people-to-people exchanges.

Tan Cang-Cai Mep International Terminal receives first vessel from Premier Alliance
Tan Cang-Cai Mep International Terminal (TCIT) in Phu My township of the southern province of Ba Ria-Vung Tau has welcomed the first vessel from EC3 of the Premier Alliance. The vessel, named ONE EAGLE, has a capacity of 14,000 TEUs.

Shrimp exports grow in the first month of 2025
Shrimp products recorded a strong 13%increase in export value in January 2025, reaching a total of 273.3 million USD. This growth accounted for 35.3% of Vietnam's total seafood export turnover, contributing significantly to the country's overall seafood export performance.

Vietnam imposes VAT on low-value imported goods
It is estimated that if low-value goods worth less than 1 million VND are subject to a 10% VAT rate, State budget revenue could increase by around 2.7 trillion VND (105.6 million USD).

Tuyen Quang aims for 10 trillion VND in non-budget investment in 2025
The programme concentrates in selectively attracting both domestic and foreign resources, improving the business environment, streamlining administrative procedures, and accelerating project implementation.

Can Gio port added to national seaport development plan
The Ministry of Transport has approved adjustments to policies, solutions, and resource allocations for the implementation of the national seaport system master plan for 2021-2030, with a vision to 2050. The Can Gio port is now part of the implementation roadmap.

Reference exchange rates up 25 VND on February 18
The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 25,832 VND/USD on February 18, up 25 VND from the previous day.

Rapid diversification of export markets crucial for growth: Insiders
The MoIT recommended that businesses take a proactive approach by developing roadmaps and strategies to diversify export markets, improve product quality, and ensure compliance with technical, labour, and environmental standards.

Banks' charter capital surges by 15.23% to 33 billion USD
According to the banks' financial reports, of 28 banks, 16 banks had a charter capital of more than 1 billion USD, one more than in 2023.

Quang Ninh to ask for permission to develop Van Don Economic Zone
Quang Ninh province will submit a proposal to the Party Central Committee’s Secretariat for feedback on the draft plan to build a pilot mechanism and policy for the development of its Van Don Economic Zone.

Vietnamese goods - top choice of consumers
With improving quality and strong consumer support, Vietnamese goods are increasingly becoming the preferred choice for households across the country.