VinaCapital signed a cooperation agreement with the Management Board of the Saigon Hi-Tech Park (SHTP) to establish a green energy platform and sustainable infrastructure. This initiative aims to boost SHTP's investment appeal and long-term competitiveness. The signing took place during the "Investment Promotion Conference for Digital Technology Infrastructure and Large Data Centers, Contributing to Breakthroughs in Smart City Development and International Financial Center Development" conference, organized by the Ho Chi Minh City International Financial Center Operating Agency and the Ho Chi Minh City Department of Science and Technology on 9/2.

The entity signed a cooperation agreement with the Management Board of Saigon Hi-Tech Park. *Photo: NH*

The agreement outlines a collaboration between VinaCapital and SHTP to implement renewable energy solutions and battery energy storage systems (BESS). This ensures a stable, high-quality power supply for chip, semiconductor manufacturing plants, and data centers. VinaCapital will guide SHTP businesses in accessing direct power purchase agreements (DPPA), with the goal of 100% green electricity usage within the park. The partnership also prioritizes developing high-efficiency cooling and thermal management infrastructure, crucial for large-scale data centers with their substantial energy demands. Optimizing these systems will reduce operating costs, significantly cut carbon emissions, and meet stringent environmental standards.

Brook Taylor, Chief Executive Officer of VinaCapital, highlighted the firm's two decades of supporting Vietnam's development by connecting long-term international capital, strategic investors, and global standards. He described the SHTP cooperation agreement as a significant step, underscoring VinaCapital's long-term commitment to digital infrastructure and green energy investment platforms. These initiatives aim to foster a sustainable infrastructure ecosystem, supporting Vietnam's digital economic growth in the next phase.

Last year, VinaCapital partnered with FPT and Viet Thai to advance large-scale data center projects in Ho Chi Minh City, with backing from city leadership and authorities. A VinaCapital representative affirmed the firm's readiness to continue collaborating with local government, international partners, and domestic businesses to contribute to the economy's next growth phase.

During the conference, the Ho Chi Minh City Department of Science and Technology, alongside VinaCapital – representing the FPT - VinaCapital - Viet Thai investor consortium – signed a memorandum of understanding (MOU) to develop a large-scale data center. This project is slated for operation by leading global cloud computing service providers and is connected to the establishment of an innovation and technology complex in Ho Chi Minh City. This development is seen as a crucial foundation for the growth of the technology and digital finance ecosystem.

Furthermore, the Ho Chi Minh City International Financial Center signed a strategic cooperation agreement with the VinaCapital and Global On-Chain Economic Alliance consortium. This partnership focuses on researching, developing, and operating the Ho Chi Minh City Digital Asset Fund. The fund aims to be a market-making capital source, fostering a regional-scale on-chain center within the Ho Chi Minh City International Financial Center, with a phased capital mobilization and deployment strategy. This series of agreements underscores VinaCapital's dedication to supporting Ho Chi Minh City in developing international-standard digital technology infrastructure, thus establishing a platform to attract global financial institutions, fintech businesses, and technology corporations.

Hoang Dan