HCM City to invest in second hi-tech park
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 US$4.3 billion, including 31 foreign direct investment (FDI) projects worth more than US$3.5 billion.
In 2014, FDI flows to the park accounted for over 48 percent of the city’s total figure.
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 US$4.3 billion, including 31 foreign direct investment (FDI) projects worth more than US$3.5 billion.
In 2014, FDI flows to the park accounted for over 48 percent of the city’s total figure.