The recent green light for HCM City People's Committee to set up an innovative hub in the east would make the so-called Vietnam Silicon Valley come to life and attract further investment into the city's real estate market. The government wants Vietnam, in particular Ho Chi Minh City, to transform towards innovative hub status, Photo: Le Toan The proposed innovative city is expected to combine research and development centres, human resources training, and application of science and technology. The creation of this creative city is based on the idea of building a hi-tech and smart urban development zone for Ho Chi Minh City, the southern key economic region of the whole country, and for neighbouring regions. The initiative, according to Ho Chi Minh City Party Secretary Nguyen Thien Nhan, will aid momentum to boost the economy of the whole region for the next decade, and is expected to contribute 30 per cent of Ho Chi Minh City's GDP, while becoming the nucleus of Industry 4.0 in Vietnam and deploying a smart urban hub. According to designs proposed by Sasaki-enCity, this innovative hub will cover districts 2, 9, and Thu Duc. Thu Duc district already has a high concentration of institutes, research… Read full this story
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