Vietnam planning its own ‘Silicon Valley’ in Ho Chi Minh City

The local government of Vietnam’s financial capital Ho Chi Minh City is forging ahead with plans to develop a large segment of the city into the first technology hub in the country.

City officials first began planning to cultivate the 22,000-hectare (54,300-acre) swath of land in 2017, according to Vietnamese news outlet VnExpress International, which will see three of Ho Chi Minh City’s eastern districts – the existing hi-tech park in District 9, the university district of Thu Duc, and the upcoming urban and financial center in District 2 – combine to form an “innovative urban area” that is being called by some as “Vietnam’s Silicon Valley”.