Sacom-Chip Sang Co., Ltd: New Model for High-rise Building Development

Set up on October 22, 2010, SCS was the joint venture between SACOM Development and Investment Corporation and Chip Sang Joint Stock Company. Therefore, SCS inherits SACOM’s strengths in capital, cable production and trading, professionalism in real estate investment, construction and business as well as Chip Sang’s strengths in information technology, electronics, green technology.

 

Located in Saigon Hi-tech Park with a registered capital of VND130 billion (Sacom keeps 70 per cent of stake and Chip Sang holds the rest), SCS is now placing focus on offices for lease and added services plus full utilities in the high tech park. The typical example is "Sacom - Chip Sang building project." This is an important project of special concerns of the SCS Management Board. Built on an area of ​​5,692 square metres, the modern designed building with complete technical infrastructure has more than 31,000 square metres of floor. With a convenient access to traffic routes, the project is designed, deployed and operated by reputable, capable and responsible contractors, thus, promising to create a "modern workspace." In particular, the building has additional steel piles to increase the load capacity. Thus, although this is an office building, tenants can operate industrial machines inside. That is why this is considered an "industrial building" aimed at satisfying the needs of multinational corporations in the Saigon Hi-tech Park (SHTP).

 

With clearly focused and specified development strategies from the start, the project is now commercially operated. SCS is negotiating with 25 customers to lease 27,857 square metres of the building (mainly from the U.S., Japan, and Malaysia). It has concluded memorandums of understanding (MoU) to lease 30 per cent of space. Goals set out in 2013 to fill the 70-75 per cent / leasable area of ​​the building. The company aims to rent 70-75 per cent of space in 2013.

 

The achievements that SCS has made mainly come from profound experience of the management and staff. With a creative and responsible spirit, SCS is firmly confident to bring high tech to the country's economy. The SCS leadership always keeps in mind that the company’s development is always with the hi-tech park. In the future, SCS will give priority to investment for expansion into infrastructure and utility development in the park. For instance, it will develop workshops for rent to investors, and build short utilities like supermarkets, restaurants, kindergartens, and specialist houses.

 

In addition, SCS is studying expanded development of green and energy-saving technologies to realise the desire of the leadership that the company, together with the Government and the community, will contribute to the country’s development towards knowledge-driven economy. But, this requires legal procedure supports from the Government in addition to the company’s efforts. Ms Pham Thi Loi, General Director, said: "Currently, administrative procedures and incentive policies are decisive to foreign investment attraction into hi-tech zones in particular and into Vietnam in general. For example, tax procedures, investment licensing appraisals and tax incentive policies for enterprises in hi-tech zones are now not different from other fields and not attractive enough. Besides, the zones need synchronous transport infrastructure and utilities.”