Last updated: Wednesday, January 23, 2019


SHTP - ASEAN Leading Innovator

Posted: Monday, June 11, 2018

After 15 years of development (2002 - 2017), Saigon Hi-Tech Park (SHTP) has successfully created an ideal scientific, technological and commercial space for hi-tech products. SHTP has made tremendous progress and continuous innovation. Not only increasing the output value of hi-tech industry and boosting export turnover of Ho Chi Minh City, but more importantly, SHTP has become the “cradle” of valuable inventions and innovations that help spread the spirit of innovation, shape a strong start-up ecosystem and drive hi-tech development in the south and in the whole country as well.

Converging intellectual elites, advanced technologies
Founded on October 24, 2002, SHTP is the second national hi-tech park after Hanoi-based Hoa Lac Hi-tech Park founded in 1998 and before Da Nang Hi-tech Park established in 2010. These three facilities are designed to promote scientific and technological development in Vietnam and advance the cause of industrialisation and modernisation towards economic opening and international integration.

By the end of 2017, SHTP had attracted 134 domestic and foreign investors who invested US$7 billion in total, including 54 FDI projects with US$5.3 billion (accounting for 76 per cent of total investment value) and 80 domestic projects with US$1.7 billion. SHTP successfully attracted big hi-tech projects from Intel Corporation (USA), Nidec (Japan), Samsung (South Korea), Nipro (Japan), Datalogic (Italy), Sanofi and Schneider Electronics (France), helping to elevate Ho Chi Minh City and Vietnam as the whole on the world hi-tech map.

The hi-tech industrial output has increased rapidly and sustainably over the years, initially establishing a high added value chain, which is three times that of industrial parks because hi-tech products are globally competitive, reflected in some important indicators such as value output of enterprises, added value of products and export turnover. Particularly, the annual production value of tenants steadily grew from US$500 million in 2010 to US$1 billion in 2011, over US$2 billion in 2012, US$2.85 billion in 2013, US$4.7 billion in 2015, US$7.7 billion in 2016 and US$11.3 billion in 2017. Annually, the production value of SHTP tenants accounts for about 94 per cent of the city's total value of hi-tech products.

The share of SHTP’s export value to the city’s export value has risen year after year, from 9.17 per cent (US$ 500 million) in 2010 to 25.26 per cent in 2012 (US$2.23 billion versus US$8.83 billion) and to nearly 30 per cent in 2017 (US$10.3 billion versus US$35 billion).

Before 2011, the added value in production at SHTP was approximately equal to that of other industrial parks nationwide, standing at just 10 - 12 per cent on average. At present, according statistics, about 40 per cent of businesses reported their added value rising by over 25 per cent and even by 35 per cent (like Nanogen, FPT and Datalogic). On average, the added value of products at SHTP is currently at 28 per cent. “With the added value growth of hi-tech products at SHTP, it can be confident that SHTP will contribute about 10 per cent of Ho Chi Minh City’s GRDP from 2020 onwards,” said Dr Le Hoai Quoc, Director of the Board of Management of Saigon Hi-Tech Park.

Toward a smart city
Dr Quoc said the achievements for the past 15 years show that SHTP has been on the right track, starting from attracting multinational hi-tech corporations to accelerate technology transfer, train human resources and develop endogenous capacity. SHTP has undergone the starting, shaping, and accelerating stages and it is now in the stage of innovation - the stepping stone to enter the development and evolution era. This is reflected in R&D investment, research promotion and commercialisation of R&D products which were previously primarily reliant on State fund which is currently replaced by companies’ funds spent on R&D investment and new product commercialisation. Impressive innovations of SHTP-based tenants include Realtime Robotics, Nanogen, Mekophar, GES and United Healthcare. This shows that the new model is much more effective than the previous one. What is important now is the need for State development orientation and support for commercialisation of important R&D products, which help raise economic competitiveness of Ho Chi Minh City.

SHTP has set the vision and mission for the next 15 years of development with the aim of becoming a leading full-fledged science and technology park in ASEAN. It will carry out the mission of gathering material resources and technologies to accelerate hi-tech research, training, business incubation and product commercialisation. Therefore, the Management Board of SHTP has actively accelerated administrative reform, applied information technology to State management toward a smart city, accelerate investor service where the business is placed at the heart. In addition, the board will propose to the Government of Vietnam and Ho Chi Minh City to have a stronger mandate mechanism to develop and adopt the interagency single-window licensing and certification mechanism for businesses. Last but not least, SHTP will also actively advance international cooperation and integration to update the world's new technology trends and support SHTP works.

Kien Thuy

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