The government of HCMC has given the go-ahead to the Saigon Hi-Tech Park (SHTP) authority to offer the highest incentives possible for overseas Vietnamese investors to get involved in Saigon Silicon City project within the park.

Speaking to the Daily on April 8, Le Thanh Dai, deputy head of the authority, said the city would set aside 50 hectares at SHTP in District 9 for the Saigon Silicon City project. Overseas Vietnamese investors will be awarded maximum incentives in accordance with the nation’s existing investment regulations for technological research and development projects.

The SHTP has got the green light from the city government to develop the Saigon Silicon City. During the implementation process, the city will ask the central Government for approval to give out incentives beyond the authority of HCMC.  

SHTP has attracted 68 projects worth a total of US$4.1 billion, Dai said. Enterprises at the park have reported exports of a total of US$10 billion and spent some US$8.8 billion on imports since it went online.

The big-ticket projects licensed into SHTP in recent months include a US$1.4-billion project of Samsung Electronics to develop a Samsung CE Complex (SECC) on 70 hectares to research, develop and produce electronic products with advanced technologies. SECC is expected to be up and running in the second quarter of next year.