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Revoking projects behind schedule, Ho Chi Minh City Hi-Tech Park finds motivation from the PPP model

Bùi Đăng Minh•Monday, October 26, 2026•11 min read
Revoking projects behind schedule, Ho Chi Minh City Hi-Tech Park finds motivation from the PPP model
Xuan Doan
Xuan Doan
Q.Huy
Q.Huy

(Dan Tri) - After 24 years of establishment, Ho Chi Minh City High-Tech Park aims to diversify investment resources by PPP and BT methods; At the same time, withdrawing projects that are slow to be implemented to create land funds and implement projects.

On the morning of October 23, Vice Chairman of Ho Chi Minh City People's Committee Nguyen Manh Cuong attended the 24th anniversary of the establishment of Ho Chi Minh City High-Tech Park (SHTP).

On this occasion, the Management Board of Ho Chi Minh City Hi-Tech Park organized the inauguration of the Microchip Packaging and Testing Practice Center, and implemented cooperation signing activities with strategic partners in the fields of high-tech infrastructure development, green energy, training and applied research.

Revoking the project behind schedule, Ho Chi Minh City Hi-Tech Park finds motivation from the PPP - 1 model
Vice Chairman of Ho Chi Minh City People's Committee Nguyen Manh Cuong (left) listens to a presentation about Twitter practicing Microchip Packaging and Testing (Photo: Xuan Doan).

Vice Chairman of Ho Chi Minh City People's Committee Nguyen Manh Cuong (left) listens to a presentation about Twitter practicing Microchip Packaging and Testing (Photo: Xuan Doan).

The highlight of the event was the launch of SHTP ATP Lab with 13 industrial machinery and equipment modules. The project aims to form a shared practice infrastructure to serve training and research activities of universities, colleges, research institutes and businesses.

Speaking at the ceremony, Head of Ho Chi Minh City Hi-Tech Park Management Board Nguyen Ky Phung said that the Hi-Tech Park has made a significant contribution to the city's growth targets this year.

According to Mr. Nguyen Ky Phung, recently, Ho Chi Minh City has revoked 7 large projects that were delayed in implementation in the High-Tech Park. It is expected that by the end of the year, four other projects will also be withdrawn to create a land fund to attract new investors.

In the coming time, the Management Board of Ho Chi Minh City Hi-Tech Park plans to call for investment and form a strategic technology center on a nearly 52-hectare land plot (Silicon Valley) recently recovered by the city.

According to the Head of the Management Board of Ho Chi Minh City Hi-Tech Park, one of the unit's upcoming key tasks is to expand the 200ha science and technology park. Relevant units are planning to evaluate the project, expected to submit to the Ho Chi Minh City People's Council for approval at the year-end meeting.

In addition, according to the orientation of implementing the Urban Development Law, the Ho Chi Minh City People's Council plans to pass many resolutions, including one to create more favorable conditions for the High-Tech Park in the process of implementing investment procedures, shortening project implementation time and attracting investment resources.

Withdrawal of behind-schedule projects, Ho Chi Minh City Hi-Tech Park finds motivation from the PPP - 2 model
Individuals from Ho Chi Minh City High-Tech Park receive certificates of merit from the Prime Minister (Photo: Xuan Doan).

Individuals from Ho Chi Minh City High-Tech Park receive certificates of merit from the Prime Minister (Photo: Xuan Doan).

Mr. Nguyen Ky Phung said that in the past, projects in Ho Chi Minh City Hi-Tech Park were mainly implemented with public investment capital. In the coming time, the unit plans to expand resource mobilization methods, including investment in the form of public-private partnerships (PPP) and build-transfer (BT) contracts, to create more resources for infrastructure development, attract investment and promote high-tech research and application activities.

At the ceremony, the Management Board of Ho Chi Minh City Hi-Tech Park awarded certificates of merit from the Prime Minister to 12 individuals with achievements in their work, contributing to the cause of building socialism and protecting the Fatherland.

In addition, this time, the Chairman of Ho Chi Minh City People's Committee also awarded certificates of merit to 2 collectives and 2 individuals in the Hi-Tech Park for their outstanding achievements in completing the expansion of the area of ​​Ho Chi Minh City Hi-Tech Park, associated with attracting investment, contributing to the development of the Hi-Tech Park ecosystem and promoting the city's socio-economic development.

Nguồn / Original source: Dân trí