HCM City (VNA) – The Saigon Hi-Tech Park (SHTP),home to 162 projects worth over 12 billion USD, obtained 23 billion USD from exportsin 2022.
The export turnover was more than 10 billion USD and 20.9billion USD in 2017 and 2021, respectively.
According to Le Thi Bich Loan, deputy head of the SHTPmanagement board, the park has become a trustworthy destination for globalhigh-tech powerhouses with the presence of over 10 international conglomeratesin the field, including Intel, Jabil, Rockwell Automation, Nidec, Nipro, Samsung,and Sonion.
Established in 2002, the park has seen its accumulated production value reaching 120 billion USD so far. It now houses 51 foreign-invested projects worth10.1 billion USD.
By 2025, the SHTP aims to become a smart technology park and the core of theinteractive and innovative urban area in Ho Chi Minh's eastern part, contributingto the city’s socio-economic development. In addition, it plans to attractinvestment of around 3 billion USD in 50 hi-tech projects and establish atleast one global hi-tech enterprise.
To achieve these goals, the park is going to accelerate investmentprojects for its scientific space with a total surface area of 93ha. It willincrease the link between its enterprises and universities and researchinstitutes in the region, especially the Vietnam National University-HCM City(VNU-HCM), in order to increase the proportion of hi-tech products by domesticcompanies./.
The Management Board of the Ho Chi Minh City-based Saigon High-tech Park granted the first investment licences to three projects worth nearly 100 million USD in total.
The Management Board of the Ho Chi Minh City-based Saigon High-tech Park on March 29 handed over an investment licence to the Tay San Gon (Western Sai Gon) Vocational College to construct a 25-million-USD technology transfer centre in the city.
The Saigon Hi-Tech Park (SHTP) is working to complete an innovation ecosystem so as to become part of the core of an innovation district of Ho Chi Minh City.
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The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
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This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
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Illustrative photo (Source: VNA) 
