Ho Chi Minh City, April 2 -- Foreign direct investment inflows into Ho Chi Minh City have accelerated since the start of the year, fueled by a string of multi-billion USD deals on data infrastructure and digital technology.

Major tech, infrastructure players flock to southern metropolis

One of the most prominent moves came with the signing of a long-term framework cooperation agreement involving Abu Dhabi-based G42 Group whose major shareholders include a UAE sovereign wealth fund, the US's Microsoft Corp, alongside Vietnamese partners FPT Corp, VinaCapital and Viet Thai Group. The pact targets the development of large-scale, AI-ready data centre infrastructure.

The project, with commitments of as much as 2 billion USD, is carried out ...