Investment in the Saigon Hi-tech Park in the first ten months of thisyear amounted to nearly 1.9 billion USD, its management said.
Itincluded 1.4 billion USD for the Samsung CE Complex Project to research,develop, and manufacture hi-tech consumer electronics.
Licensed last month it is the second 1 billion USD project at the park after Intel's chip factory approved in 2006.
"This[Samsung] project indicates the [competitiveness] of the SHTP brandname," Le Bich Loan, deputy director of the park, said.
She said work is underway on infrastructure for the Samsung project, which will begin production next year.
Anothermajor investor this year is the Saigon Industry Corporation, which willbuild a 257 million USD IC (integrated circuit) plant to manufactureRFID chips, bank cards, and energy management chips.
Construction of the plant would begin soon and it is scheduled to go on stream in 2017, the company said.
OneHubSai Gon Complex, a 130 million USD joint venture between theSingapore-based Ascendas and Saigon Bund Capital Partners (UK), will be aservices sector project built on a 12ha area.
SHTP's tenantswill include Transimex Hi-tech Park Logistics Co, which will set up abonded warehouse and logistics services facility at a cost of 300billion VND (over 14 million USD).
Le Hoang Quan, Chairman of thecity People's Committee, said Samsung's investment at the SHTP showsthe effort made by the city authorities in selecting FDI into Ho ChiMinh City. The city has focused on attracting investment in hi-techindustries instead of large-scale labour-intensive projects.
Withthe licences issued in October, total investment in the 12-year-oldpark has exceeded 4 billion USD, according to its management board.
DrLe Hoai Quoc, head of the SHTP, said nearly 40 percent of the workersin the park are college and university graduates, and the value of theproducts their companies have churned out so far has exceeded 9 billionUSD, and most of them have been exported.
He added that through2020 the park would focus on efforts to attract hi-tech investors andincrease the rate of locally made parts.-VNA
Itincluded 1.4 billion USD for the Samsung CE Complex Project to research,develop, and manufacture hi-tech consumer electronics.
Licensed last month it is the second 1 billion USD project at the park after Intel's chip factory approved in 2006.
"This[Samsung] project indicates the [competitiveness] of the SHTP brandname," Le Bich Loan, deputy director of the park, said.
She said work is underway on infrastructure for the Samsung project, which will begin production next year.
Anothermajor investor this year is the Saigon Industry Corporation, which willbuild a 257 million USD IC (integrated circuit) plant to manufactureRFID chips, bank cards, and energy management chips.
Construction of the plant would begin soon and it is scheduled to go on stream in 2017, the company said.
OneHubSai Gon Complex, a 130 million USD joint venture between theSingapore-based Ascendas and Saigon Bund Capital Partners (UK), will be aservices sector project built on a 12ha area.
SHTP's tenantswill include Transimex Hi-tech Park Logistics Co, which will set up abonded warehouse and logistics services facility at a cost of 300billion VND (over 14 million USD).
Le Hoang Quan, Chairman of thecity People's Committee, said Samsung's investment at the SHTP showsthe effort made by the city authorities in selecting FDI into Ho ChiMinh City. The city has focused on attracting investment in hi-techindustries instead of large-scale labour-intensive projects.
Withthe licences issued in October, total investment in the 12-year-oldpark has exceeded 4 billion USD, according to its management board.
DrLe Hoai Quoc, head of the SHTP, said nearly 40 percent of the workersin the park are college and university graduates, and the value of theproducts their companies have churned out so far has exceeded 9 billionUSD, and most of them have been exported.
He added that through2020 the park would focus on efforts to attract hi-tech investors andincrease the rate of locally made parts.-VNA
