The Hanoi People’s Committee and FPT Corporation have officially broken ground on the Digital Technology and Mixed-Use Park Project in Tay Tuu and Phu Dien wards, Vietnam.
Backed by state oversight and driven by private-sector investment, the 168.9-hectare project will establish a model environment for research, development, and digital infrastructure.
FPT, one of Vietnam’s largest technology groups, will serve as the project investor and principal operator.
According to the development plan, approximately one quarter of the site will be dedicated to research, development, and production facilities for digital technologies.
These will encompass software solutions, digital platforms, artificial intelligence, big data analytics, Internet of Things systems, blockchain, and metaverse applications.
The park will also include training centres, innovation incubators, and collaborative spaces designed to connect research institutions, universities, and enterprises.
The remaining area will feature essential infrastructure, including internal transport routes, parking facilities, landscaped green zones, and water features.
Project leaders emphasised that these amenities will contribute to international-standard working conditions and an environment conducive to creativity and knowledge exchange.
Under the governance structure, the state will retain a supervisory and policy-making role while FPT oversees the investment and operational management.
This cooperation, officials stated, represents a strategic partnership that ties government oversight with private-sector expertise and academic collaboration.
Hanoi People’s Committee vice chairman Truong Viet Dung underscored FPT’s pivotal role in ensuring the project’s successful launch and implementation.
“We highly appreciate FPT’s proactive and serious approach throughout the research and implementation of the project,” said Dung.
The development forms a key part of Hanoi’s broader economic transformation strategy, to become a national centre for economics, culture, education, and scientific advancement.
It also supports the emphasis of science, technology, and digital transformation as core drivers of sustainable development.
With these guiding frameworks, the project is expected to attract domestic and international specialists, strengthen technology-oriented enterprises, and stimulate the growth of a startup ecosystem in Vietnam’s capital.
The focus on human resource development and research collaboration aims to create a technology landscape capable of competing regionally and globally.
FPT chairman Truong Gia Binh said the new complex represents a major step toward realising Vietnam’s digital ambitions.
“The Digital Technology and Mixed-Use Park in Tay Tuu and Phu Dien wards will become a convergence hub for technology talent, connecting research, education and enterprises, and serving as an innovation centre anchored in strategic technologies,” he said.
“FPT believes the project will help reinforce Hanoi’s position as the national centre for science and technology and gradually realise the aspiration of building a ‘Vietnamese Silicon Valley’.”
With construction now underway, the project is expected to significantly contribute to Vietnam’s long-term digital transformation, encouraging innovation, collaboration, and global partnerships in the years ahead.
