return icon Vietnamnet.vn

Saigon Hi-Tech Park asserts its value

Saigon Hi-Tech Park (SHTP) has become one of the ideal destinations for high-tech investors through the presence of the world's leading multinational technology corporations, such as Intel (US), Nidec (Japan), Sanofi (France), and Datalogic (Italy). 

{keywords}


When the Covid-19 pandemic was complicated in Ho Chi Minh City, in July 2021, there were still 85 active enterprises in SHTP with about 25,000 employees, accounting for 50 percent. Right after the city was about to enter the new normal state, in November 2021, SHTP-based enterprises began to restore production, rushing to complete the year's plan. In 2021, the gross output of high-tech products of SHTP was estimated at US$22.5 billion; export value reached $97.704 billion, and import value $89.72 billion.

Up to now, SHTP has had 166 projects with valid investment registration certificates with a total capital equivalent to $8.7 billion.Of which, 112 projects with a total capital of $2.06 billion belong to domestic investors, equivalent to an average investment capital of $18.39 million per project, and 54 projects with a total investment capital of $6.64 billion are foreign-invested equivalent to an average investment capital of $122.96 million per project.

Ms. Ho Uyen, Corporate Affairs Director of Intel Product Vietnam Company (Intel Vietnam), said that during the stressful time of the pandemic, Intel implemented the two-on-site, one-green-zone option, similar to the four-green solution that HCMC guided. Intel Vietnam carried out step by step with a group of 10-30 people in two weeks, screening from non-blockade areas, pandemic-free areas, and even renting hotels as accommodation for employees when adopting the two-destination, one-route solution. “It was an unforgettable period, marking many efforts from businesses, laborers, and medical organizations. SHTP also strived to create assurance for investors, especially FDI enterprises,” Ms. Le Bich Loan, Deputy Head of SHTP Management Board, said.

Despite many difficulties, SHTP has still attracted many new projects. Most recently, SHTP has granted investment licenses to two FDI projects, including a project of the US Arevo Company to build a 3D printer factory to produce carbon fiber reinforced polymer materials for 3D printing, with a total investment of $19.5 million.

The other is a project of SNST&Finger Vina Company (South Korea) in the field of integrated electronic circuit design, with a total investment of nearly $1 million. Assoc. Prof-Dr. Nguyen Anh Thi, Head of SHTP Management Board, said that although the Covid-19 pandemic had caused many difficulties, SHTP still maintained its production activities well and strived to bring the gross output of high-tech products to about $25 billion in 2021.

In the 2021-2025 period, SHTP is expected to lure a total investment of about $3 billion with more than 50 high-tech projects. By 2025, SHTP will have completed and put into operation construction works belonged to scientific space zones, commercial and service functional areas, and housing areas for experts, and synchronously connect infrastructure with neighboring areas, especially the metro line No.1 Ben Thanh - Suoi Tien, to contribute to developing SHTP into the most ideal environment for living, learning, and working of the highly interactive creative urban area in the East of HCMC.

 

Source: SGGP

Two thirds of HCM City industries reopen

Two thirds of HCM City industries reopen

The number of enterprises reopening at export processing zones and industrial parks in HCM City has reached 66.8 per cent, while at the Saigon Hi-Tech Park the rate is 74.3 per cent.

MORE NEWS

Vietnam rakes in US$16.05 billion from tourism in nine months

Vietnam earned some 394.2 trillion VND (16.05 billion USD) from tourism in the first nine months of this year, equivalent to 78% of the figure recorded in 2019 before the COVID-19 pandemic broke out.

VIETNAM NEWS HEADLINES OCTOBER 4

Vietnam invests in 10 energy technologies

Vietnamese poetry collection published in Canada

A poetry collection from five female translators based in Hanoi, entitled Ngũ Sắc Ánh Sáng (5 Sights of Light), has been introduced to Canadian readers by Ukiyoto Publishing.

Multi-billion thermal power project needs more capital

The Ministry of Industry and Trade (MOIT) has asked for ministries' opinions on solutions to problems related to the balance sheet of the Vung Ang 1 thermal-power plant.

The best September photos on VietNamNet

Hot air balloons with the Vietnamese national flag of 1,800m2 on the banks of the Saigon River, Typhoon Noru making landfall in Quang Nam Province, the roofs of many houses being blown away...

BSR to expand Dung Quat Oil Refinery

The Ministry of Industry and Trade (MOIT) has asked Binh Son Refining and Petrochemical JSC (BSR) to clarify some issues related to its project on expanding Dung Quat Oil Refinery.

Dutch conductor to lead concert at Opera House

Conductor Leon Bosch from the Netherlands will lead a concert featuring masterpieces by European composers at the HCM City Opera House on Saturday, October 8.

‘578’ to represent Vietnam at Oscars

An action film starring Miss Universe Vietnam 2018, H'hen Niê, 578: Phát Đạn Của Kẻ Điên (578: Magnum), has been selected as Vietnamese representative at the 95th Oscars, 2023.

USD surges to VND24,000, US$1.7 billion withdrawn from circulation

The State Bank of Vietnam (SBV) withdrew nearly VND41 trillion ($1.7 billion) through open market operations as the US dollar rose to over VND24,000 on September 26-30, 2022.

HCM City to build a series of new traffic projects

HCM City is speeding up procedures to start the construction of key traffic works at gateways by the end of the year, according to HCM City's Department of Transport.

Burning garbage in Hanoi threatens residents' health, property

There have been consecutive fires caused by people's poor awareness, who were burning garbage and straw in residential areas, causing fires recently in Hanoi.

New cargo airline still waiting for license

After the Prime Minister agrees on the establishment of IPP Air Cargo, the Ministry of Transport (MOT) will implement procedures to grant a license to the air carrier, according to MOT Deputy Minister Le Dinh Tho.

Master plan for Mekong Delta focuses on infrastructure development

The Master Plan for the Mekong Delta designed for 2021-2030, with a vision to 2050, is focused on infrastructure development.

Current monetary policy quite suitable

Many people are concerned whether the country will face a tighter monetary policy and higher exchange and interest rates in the near future.

Danang, a wedding destination for India’s billionaires

Could Danang be the wedding destination of choice for Indian billionaires? It certainly has the right hotels and quality wedding infrastructure for the purpose, an Indian tourism company representative said.
back_to_top