Ho Chi Minh City Hi-tech Park

Saigon Hi Tech Park

The Saigon Hi-Tech Park (abbr.: SHTP) is a park for high technology enterprises located 15 km from downtown Ho Chi Minh City, opposite to Thu Duc University Village, along the Hà Nội Highway and on the future Line 1 of the HCMC metro (2014). The park covers an area of 326 ha (95% utilised) and is currently being expanded to 913 ha.[1] High-tech investors are given preferential treatments here with land leases and taxation, as well as support for customs services.

Several high-tech companies chose SHTP,[2][3] notably:

  • Japanese Nidec,[4][5] (TSE:65940, NYSE:NJ, hard disk drive motors) with multiple factories under Nidec, Nidec Copal and Nidec Sankyo flagships and total investment of US $500 million for a planned 20,000 workforce,
  • US Intel (NASDAQ:INTC) with US $1 billion registered investment to build the largest chip assembly & test plant in the world,[6]
  • French Air Liquide (EPA:AI), gases for industry, health and the environment,
  • Danish Sonion, miniature and hearing components who employs more than 2,000 workforce in SHTP,
  • US Jabil (NYSE:JBL) electronic supplier,
  • Italian Datalogic (STAR:DAL.MI) bar codes readers.

In total 26 companies were in operations in 2011, employing more than 11,000 employees and a total registered investment of US $2 billions.

This park was aimed at promoting Ho Chi Minh City and Vietnam as a hi-tech investor friendly destination. The new phase is focusing on education, bio-technology, start-up incubators, training centres, software, R&D, telecom. This park is one of two hi-tech parks in Vietnam, the other being Hoa Lac Hi-tech Park situated in the western outskirts of Hanoi near the University of Sciences and Technologies of Hanoi.

Map

References

  1. ^ http://www2.dtinews.vn/news/news/headlines/hcmc-to-expand-saigon-hi-tech-park_414.html[permanent dead link]
  2. ^ "Saigon Hi-Tech Park | SaigonMoney.com - the digital provider of news, analysis and data on Vietnam Business, Finance, Banking and Investing". Archived from the original on 2012-03-26. Retrieved 2011-06-28.
  3. ^ "High-tech multinationals invest in Vietnam".
  4. ^ "Saigon Times Online - Nidec invests US$70 mil. More at high-tech park - Nidec invests US$70 mil. More at high-tech park". Archived from the original on 2011-10-06. Retrieved 2011-06-28.
  5. ^ "SGGP English Edition- President lauds Nidec for hi-tech investment in Vietnam". Archived from the original on 2011-09-30. Retrieved 2011-06-28.
  6. ^ "Intel to open Vietnam plant". Archived from the original on 2011-01-20. Retrieved 2011-06-28.

External links

See also