The Saigon Hi-Tech Park (SHTP) in Ho Chi Minh City (Source:VNA)
HCM City (VNA) – Ho Chi Minh Citywill call for investment in five sectors at the city’s second science andtechnology park, which is scheduled to open in 2019.
The sectors are information technology,renewable energy, biotechnology, semiconductor circuits and applied spacetechnology.
The city will offer low-interest andlong-term loans for enterprises investing in the sectors.
Le Hoai Quoc, head of Saigon Hi-Tech ParkManagement Board, said the aim is to attract big foreign companies to the park.Local enterprises will also have more opportunities for investment in thehi-tech park.
However, local companies face moredifficulty accessing capital and have less capital than foreign firms.
A representative of one enterprise saidthat land rent, which was much higher than surrounding provinces, was thebiggest barrier for local enterprises.
Local enterprises also lack high-qualityhuman resources because most of them are working for foreign-investedenterprises.
The 200ha second science and technologypark will be built in District 9 near the Saigon Hi-Tech Park.
Quang Trung Software City (QTSC) inDistrict 12 was the first science park to be set in the city and is the biggestin the country covering an area of 430,000sq.m.
Established in 2001, it houses around 140information and communication technology companies, with foreign firmsaccounting for nearly half, with a total of more than 20,000 workers andresearchers.
It targets becoming one of Asia’s top 10software parks in human resources and value-added services by 2020. - VNA
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The Saigon Hi-Tech Park (SHTP) in Ho Chi Minh City (Source:VNA) 
