Saigon Hi-tech Park toward a City of Science and Technology

1:44:50 PM | 23/7/2019

Founded on October 24, 2002, Saigon Hi-tech Park (SHTP) is one of three national hi-tech parks established by the Government. SHTP has a vision to become a science and technology city that serves as a foundation for the development of knowledge economy of Ho Chi Minh City and the southern key economic region. It aims to become an attractive address for hi-tech investors and human resources.

By the end of March 2019, SHTP is home to 154 domestic and foreign investors with a total investment of over US$7 billion, including 53 FDI projects with US$5.2 billion of investment capital, accounting for 73% of the total registered capital, and 101 domestic investment projects with US$1.9 billion. Successfully attracting prestigious hi-tech projects from the United States (Intel), Japan (Nidec and Nipro), South Korea (Samsung), France (Sanofi and Schneider Electronics) has made the name of Ho Chi Minh City in particular and Vietnam in general on the world hi-tech map.

The SHTP development is divided into four stages, including start-up, shaping, acceleration and innovation. SHTP is currently in the stage of hi-tech innovation, R&D investment and commercialization of new products developed by research and development centers like:

By the end of March 2019, SHTP is home to 154 domestic and foreign investors with a total investment of over US$7 billion, including 53 FDI projects with US$5.2 billion of investment capital, accounting for 73% of the total registered capital, and 101 domestic investment projects with US$1.9 billion.

SHTP is carrying out the mission of gathering resources and facilities to accelerate hi-tech research, training and incubation and commercializing hi-tech products. In addition to actively renovating administrative reforms, computerizing management and operation under the smart city model and speeding up services for investors, SHTP is proposing to the Government of Vietnam and Ho Chi Minh City a stronger authorization mechanism for SHTP to feel secure in developing and applying single-window administrative procedures and interagency single-window licensing mechanisms.

Aiming to become a science park and a leading developed science and technology city in ASEAN, SHTP will continue to call for hi-tech investment projects and hi-tech supporting industries in the second phase, particularly technological research, deployment and incubation projects from domestic and foreign investors.