Vietnam’s Mekong Delta city of Can Tho will establish a 200-hectare high-tech park with estimated investment of more than VND5 trillion ($192.4 million), positioning the project as a technology hub for the region.
The park is located in O Mon ward and will reserve another 100 hectares for future expansion, according to Decision 4902/QD-UBND of Can Tho People’s Committee.
Research, production and business incubation
The city plans to develop the site as a multifunctional economic and technical zone connecting scientific research, strategic technology development, business incubation, workforce training and production of higher-value goods.
Priority fields include biotechnology, automation, new materials, energy and post-harvest technologies. The city expects those areas to support the Mekong Delta’s industrial and agricultural restructuring, including deeper processing of agricultural and aquatic products, next-generation agricultural machinery, renewable energy and technologies for climate adaptation.
Of the initial 200 hectares, 94.8 hectares are planned for high-tech and strategic technology production. Another 31.6 hectares will be allocated to research and development, training and business incubation, while 20 hectares will be used for green spaces and water surfaces. The remaining land will accommodate administration, services, roads, parking and technical infrastructure.
Funding split and construction schedule
The project is expected to combine state funding with capital from outside the state budget. Can Tho plans to contribute nearly VND1.44 trillion, or 28.46 percent of the total, while about VND3.61 trillion, or 71.54 percent, is expected from foreign direct investment, official development assistance, infrastructure investors and companies that later establish operations in the park.
The funding mix remains a plan rather than fully committed financing. The city has not named private investors or lenders responsible for the off-budget portion.
Implementation is divided into three phases. From 2026 through 2028, the city plans to complete legal procedures, create a management board, approve detailed planning, carry out site clearance and begin infrastructure work. Spending during that phase is estimated at about VND2.64 trillion.
From 2028 through 2030, authorities expect to continue site clearance and complete infrastructure with more than VND2.41 trillion from off-budget sources. After 2030, the park is expected to become fully operational and begin attracting offices, research centers, factories and technology companies.
The operating entity will initially be a revenue-generating public service unit under the city government. The plan calls for it eventually to become a single-member limited liability company responsible for infrastructure management and commercial operations, with equitization possible when conditions allow.
A regional infrastructure gap
The Mekong Delta is a major hub for Vietnam’s agricultural and aquatic production, but it is the country’s only key economic region without a high-tech park. Can Tho intends the new site to address that infrastructure gap and help attract skilled workers, research activity and technology investment to the region.
The project also complements a broader wave of Vietnamese high-tech infrastructure investment. Ho Chi Minh City has recently approved large data-center projects in Saigon Hi-Tech Park, including a $480 million hyperscale facility backed by Singapore’s Sembcorp Development.
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