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Saigon Hi-Tech Park seeks to attract more high added-value projects

Ho Chi Minh City’s Saigon Hi-Tech Park (SHTP) seeks to attract investment in more high technology industries and other projects with high added-value, said head of the SHTP's management board Nguyen Anh Thi.
Saigon Hi-Tech Park seeks to attract more high added-value projects ảnh 1Research activities at the USM Healthcare, specializing in coronary stent production and sited in SHTP. (Photo: SGGP)
HCM City (VNS/VNA) – Ho Chi Minh City’s Saigon Hi-Tech Park (SHTP)seeks to attract investment in more high technology industries and otherprojects with high added-value, said head of the SHTP's management board NguyenAnh Thi.

Thi said at a recent press conference on the 20th anniversary of SHTP’sestablishment that SHTP is changing its competitiveness by focusing to improvehuman resources and upgrade the capacity of science and technology firms, anddevelop supporting industries for key FDI projects.

The park has actively boosted research and development activities, whileincreasing support for training activities for high-quality human resources.

“Many leading corporations have been building their research and development(R&D) centres in SHTP for their further development in Vietnam,” he said.

Several domestic businesses have signed contracts for technology transfer fromhi-tech production projects in SHTP, he said.

By 2025, SHTP aims to become a smart technology park and the core of theinteractive and innovative urban area in the city’s eastern part, contributingto the city’s socio-economic development.

In addition, it plans to attract investment of around 3 billion USD in 50hi-tech projects and establish at least one global hi-tech enterprise.

To achieve these goals, it is going to accelerate investment projects for itsscientific space with a total surface area of 93ha.

It will increase the link between enterprises in SHTP and universities andresearch institutes in the region, especially Vietnam National University-HCMCity (VNU-HCM), in order to increase the proportion of hi-tech products bydomestic companies.

During the past 20 years of development, SHTP has transferred its focus towardsquality and performance, prioritising the commercialisation of research resultswhile attracting more projects with high added value.

It has issued investment certificates for 163 projects with total capital ofover 12 billion USD, including an FDI amount of more than 10 billion USD.

It has greatly contributed to the national economic transfer towards hightechnology and increased quality.

Its export turnover of hi-tech products accounts for 52% of the city’s totalexport turnover.

Deputy head of SHTP’s management board Le Bich Loan said the park’s achievementsprove the importance of welcoming national and international projects fromtechnology businesses.

These projects have helped to improve the investment environment of the cityand the southern key economic zone.

In 2007, there were 30 projects with a total investment of more than $1 billionwaiting for land allocation.

The municipal People’s Committee quickly worked with the Ministry of Planningand Investment for approval from the Prime Minister about comprehensiveplanning adjustments.

The result was an increase of over 900ha and a capital rise of more than 2trillion VND (80.4 million USD) to upgrade the necessary infrastructure forthose projects.

That led to the establishment of the US chipmaker Intel Groups’ Intel ProductsVietnam (IPV) factory, which produced the first chipset batch for export in2010.

Four years later, SHTP successfully attracted the 1.4-billion USD Samsung HCMCCE Complex (SEHC) project by Samsung Electronics of the Republic of Korea.

The total FDI investment into SHTP is about 10.1 trillion USD with 51 projects.

Export turnover was more than 10 billion USD and 20.9 billion USD in 2017 and2021, respectively. It is expected to reach 23 billion USD this year./.
VNA

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