Another advanced hi-tech park will be built in Ho Chi Minh City to meet the municipal socio-economic development demands, as heard at a promotion conference held in the city on September 16.
One corner of hi-tech park in Ho Chi Minh City. (Photo: VNA)
Another advanced hi-tech park will be built in Ho Chi Minh City to meet the municipal socio-economic development demands, as heard at a promotion conference held in the city on September 16.
At the conference, Deputy Head of the Saigon Hi-Tech Park (SHTP) Management Board Duong Minh Tam said that the new hi-tech park, the second of its kind in the city, will create a favourable environment to promote sci-tech potential, contributing to increasing the hi-tech rate of the city’s economy.
The project, covering nearly 200 hectares of the hi-tech park in Long Phuoc ward, District 9, will be carried out over five years from 2016. According to the board, it aims to attract hi-tech investment, develop new technologies while setting up cutting-edge technology research centres.
Upon operational, the park will focus on products in the fields of information-technology (IT), space technology, mechatronics, automation and biomedical technology, among others.
The first SHTP is now home to 80 investment projects with total capital of over 4.3 billion USD, including 31 foreign direct investment (FDI) projects worth more than 3.5 billion USD.
In 2014, FDI flows to the park accounted for over 48 percent of the city’s total figure.-VNA
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Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
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Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
One corner of hi-tech park in Ho Chi Minh City. (Photo: VNA)
