JLand plans $6 bln high-tech hub in Hanoi
JLand Group has proposed building a high-tech, innovation and data centre complex in Hanoi with an estimated investment of $4-6 billion.
Source: The Investor · July 21, 2026 at 8:31 AM · AI-assisted report
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HANOI, 21 JULY 2026 —
JLand Group has proposed building a high-tech, innovation and data centre complex in Hanoi with an estimated investment of $4-6 billion.
Market Impact
The Malaysian developer told Hanoi authorities on Sunday that the project would create an ecosystem for science, technology and digital infrastructure, including AI data centres, semiconductor manufacturing, cloud computing and robotics.
Vice-chairman Truong Viet Dung said western Hanoi, anchored by the Hoa Lac Hi-Tech Park, is the preferred location because the zone is being restructured as a technology-focused urban centre. Several universities are relocating to Hoa Lac, and Metro Line 5 will connect the park to downtown Hanoi and Vietnam National University.
Under the city’s 100-year master plan, the western corridor is designated a growth pole for science, technology and digital infrastructure. Hanoi will apply a “green lane” to speed approvals for priority investors.
The consortium behind the proposal includes Hung Yen Group, a subsidiary of Kinh Bac City, and JLand, a member of Johor Corporation. On Monday they signed an MOU to jointly study high-tech industrial parks in Vietnam.
JLand’s regional experience comes from Ibrahim Technopolis and Sedenak Tech Park in Johor, which has become a major hub for data centres and digital infrastructure.
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Dr. Bui Thanh Minh and Tran Duc Anh from the Private Sector Development Research Board said capital must be channelled into manufacturing, technology and innovation to generate broad spillover effects.
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Mortgage rates of 12-14% are damping demand among first-time buyers as Vietnam’s property market consolidates.
Hung Yen province is advancing a plan for a nearly 500-hectare high-tech park to foster research, innovation and advanced manufacturing.
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Techcombank reported strong second-quarter and first-half metrics. Dai Dung Group secured a contract worth over $60 million with a U.S. partner to supply fabricated steel and industrial equipment for data centre and gas-fired power plant projects in the U.S.
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