Saigon Hi-tech Park attracts 12 billion USD in investment over two decades
The Saigon Hi-tech Park (SHTP) in Ho Chi Minh City has attracted more than 12 billion USD in domestic and foreign investment since its establishment 20 years ago.
The Saigon Hi-tech Park (SHTP) in Ho Chi Minh City. (Photo: VNA)
HCM City (VNS/VNA) - The Saigon Hi-tech Park (SHTP)in Ho Chi Minh City has attracted more than 12 billion USD in domestic andforeign investment since its establishment 20 years ago.
Speaking at a meeting last week on the occasion of its 20thanniversary, Dr Nguyen Anh Thi, head of its management board, said it included51 foreign direct investment (FDI) projects worth more than 10.1 billion USD.
They include those by high-tech giants such as Intel and Jabilfrom the US, Nidec, Nipro, Nippon Telegraph, and Telephone (NTT) from Japan,Samsung from the Republic of Korea, and Datalogic from Italy.
There were also 110 local projects worth 1.93 billion USD.
Thi promised to offer favourable conditions to attract investmentin the tech and supporting industries.
For this, it had organised high-tech supporting industrydevelopment programmes to help local firms link up with lead firms throughbusiness matching activities, and building export processing zones andindustrial parks across the country, he said.
Last year, the park’s exports of high-tech products were worth 20.9billion USD, or 52% of the city’s total exports, and are expected to rise to 23billion USD by the end of this year, he said.
Founded in 2002, the 913ha park targets to become a world-classscience and technology park by 2030.
“Improving the quality of the human resource is the most importantfactor,” Thi said.
It was vital to enhance links between educational institutions,businesses and the park, he added.
The park plans to set up a plant and an R&D centre with theintention of making Vietnam its new manufacturing base, according to Thi.
It also wants to increase investment in manufacturing and set uptraining schools for engineers.
More than 10 trillion VND (425.44 million USD) has been investedin developing the park, 1.98 trillion VND by the central Government and therest by the city.
Another 4.5 trillion VND was invested by the private sector in thetelecom infrastructure, ready-built factories, logistics and warehouses, andothers./.
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The Saigon Hi-tech Park (SHTP) in Ho Chi Minh City. (Photo: VNA) 
